Alphabet Inc (GOOG) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC trimmed its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,236 shares of the information services provider’s stock after selling 927 shares during the period. Alphabet makes up 1.5% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 25th largest holding. Douglas Lane & Associates LLC’s holdings in Alphabet were worth $63,528,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. Burt Wealth Advisors boosted its position in shares of 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 acquiring an additional 20 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its stake in Alphabet by 3.8% in the 2nd 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. Almanack Investment Partners LLC. increased its stake in Alphabet by 4.5% in the 2nd 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. St. Johns Investment Management Company LLC increased its stake in Alphabet by 1,046.7% in the 2nd 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. Finally, Catamount Wealth Management increased its stake in Alphabet by 5.8% in the 2nd quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock worth $165,000 after buying an additional 10 shares during the period. 34.63% of the stock is owned by institutional investors and hedge funds.

Shares of Alphabet Inc (NASDAQ:GOOG) traded up $16.74 during midday trading on Friday, hitting $1,122.26. The company had a trading volume of 1,708,400 shares, compared to its average volume of 1,380,000. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet Inc has a 52-week low of $790.52 and a 52-week high of $1,124.29. The firm has a market capitalization of $782,040.00, a P/E ratio of 37.38 and a beta of 0.94.

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

In related news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $993.58, for a total transaction of $3,974,320.00. Following the completion of the sale, the chief executive officer now owns 1,471 shares in the company, valued at approximately $1,461,556.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director L John Doerr sold 12,236 shares of Alphabet stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following 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 90 days, insiders sold 36,900 shares of company stock valued at $37,877,147. Company insiders own 13.92% of the company’s stock.

GOOG has been the topic of a number of research reports. Wells Fargo & Co reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. UBS Group restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Societe Generale restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 target price for the company. in a research note on Thursday, December 7th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Alphabet in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $1,052.31.

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Alphabet Profile

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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