Alphabet Inc (GOOG) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. decreased its holdings in Alphabet Inc (NASDAQ:GOOG) by 1.2% in the third quarter, HoldingsChannel reports. The firm owned 361,152 shares of the information services provider’s stock after selling 4,441 shares during the quarter. Alphabet accounts for about 1.2% of Epoch Investment Partners Inc.’s portfolio, making the stock its 26th biggest position. Epoch Investment Partners Inc.’s holdings in Alphabet were worth $346,384,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Capital Investment Advisory Services LLC increased its holdings in shares of Alphabet by 0.4% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock worth $230,000 after purchasing an additional 1 shares in the last quarter. Capital Advantage Inc. increased its holdings in shares of Alphabet by 0.4% in the 2nd quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock worth $248,000 after purchasing an additional 1 shares in the last quarter. Financial Consulate Inc. increased its holdings in shares of Alphabet by 1.2% in the 2nd quarter. Financial Consulate Inc. now owns 262 shares of the information services provider’s stock worth $238,000 after purchasing an additional 3 shares in the last quarter. Fiduciary Financial Services of The Southwest Inc. TX increased its holdings in shares of Alphabet by 0.3% in the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 874 shares of the information services provider’s stock worth $794,000 after purchasing an additional 3 shares in the last quarter. Finally, First National Trust Co. increased its holdings in shares of Alphabet by 0.4% in the 2nd quarter. First National Trust Co. now owns 713 shares of the information services provider’s stock worth $647,000 after purchasing an additional 3 shares in the last quarter. 34.46% of the stock is owned by institutional investors and hedge funds.

Alphabet Inc (GOOG) opened at $1,094.80 on Friday. Alphabet Inc has a 52-week low of $803.37 and a 52-week high of $1,186.89. The company has a market capitalization of $760,648.50, a PE ratio of 34.20 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $10.07 by ($0.37). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The business had revenue of $32.32 billion during the quarter, compared to analysts’ expectations of $31.88 billion. During the same quarter in the previous year, the firm earned $9.36 earnings per share. Alphabet’s revenue was up 24.0% on a year-over-year basis.

Alphabet announced that its board has approved a share repurchase program on Thursday, February 1st that permits the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

A number of research firms have commented on GOOG. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,054.53 target price for the company in a report on Monday, February 12th. TheStreet lowered Alphabet from an “a” rating to a “c+” rating in a report on Thursday, February 1st. BidaskClub lowered Alphabet from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Stifel Nicolaus lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,150.00 price objective for the company. in a report on Friday, February 2nd. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Alphabet in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirty-six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,064.49.

In other news, Director Ann Mather sold 38 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $1,015.80, for a total value of $38,600.40. Following the transaction, the director now directly owns 1,813 shares in the company, valued at $1,841,645.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the business’s 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 disclosure for this sale can be found here. Insiders sold 39,010 shares of company stock worth $41,531,496 over the last 90 days. Company insiders own 13.92% of the company’s stock.

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Alphabet Company 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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