Alphabet Inc (GOOG) Shares Sold by Ashburton Jersey Ltd

Ashburton Jersey Ltd reduced its stake in Alphabet Inc (NASDAQ:GOOG) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,778 shares of the information services provider’s stock after selling 1,576 shares during the quarter. Alphabet comprises approximately 9.2% of Ashburton Jersey Ltd’s portfolio, making the stock its 3rd biggest holding. Ashburton Jersey Ltd’s holdings in Alphabet were worth $16,155,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Burt Wealth Advisors lifted its position in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after buying an additional 20 shares during the period. Signature Estate & Investment Advisors LLC lifted its position in Alphabet by 3.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after buying an additional 5 shares during the period. Archford Capital Strategies LLC lifted its position in Alphabet by 400.0% during the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after buying an additional 832 shares during the period. Almanack Investment Partners LLC. lifted its position in Alphabet by 4.5% during the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after buying an additional 7 shares during the period. Finally, St. Johns Investment Management Company LLC lifted its position in Alphabet by 1,046.7% during the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after buying an additional 157 shares during the period. Institutional investors and hedge funds own 34.74% of the company’s stock.

In other news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $1,002.86, for a total value of $4,011,440.00. Following the completion of the sale, the chief executive officer now owns 1,178 shares in the company, valued at $1,181,369.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director L John Doerr sold 12,236 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the completion of the sale, the director now owns 3,485 shares of the company’s stock, valued at approximately $3,560,171.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,900 shares of company stock valued at $36,837,100. Insiders own 13.92% of the company’s stock.

Shares of Alphabet Inc (GOOG) opened at $1,049.15 on Friday. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet Inc has a 12 month low of $770.41 and a 12 month high of $1,062.38. The stock has a market capitalization of $722,926.56, a PE ratio of 34.83 and a beta of 0.93.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $27.17 billion. During the same quarter last year, the firm earned $9.06 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year.

Several equities analysts recently weighed in on GOOG shares. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 20th. Wells Fargo & Company reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 6th. Finally, Vetr downgraded Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,031.46 target price on the stock. in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $1,047.45.

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About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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