Alphabet Inc (GOOG) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt cut its stake in Alphabet Inc (NASDAQ:GOOG) by 17.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,660 shares of the information services provider’s stock after selling 2,100 shares during the period. Alphabet accounts for about 1.0% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 19th biggest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Alphabet were worth $10,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOG. Burt Wealth Advisors lifted its stake in Alphabet by 17.2% in the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after buying an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC raised 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 acquiring an additional 5 shares in the last quarter. Archford Capital Strategies LLC raised 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 acquiring an additional 832 shares in the last quarter. Almanack Investment Partners LLC. raised 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 acquiring an additional 7 shares in the last quarter. Finally, CWH Capital Management Inc. raised its position in Alphabet by 8.5% during the second quarter. CWH Capital Management Inc. now owns 192 shares of the information services provider’s stock worth $174,000 after acquiring an additional 15 shares in the last quarter. 34.85% of the stock is owned by institutional investors.

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NASDAQ GOOG opened at $1,007.04 on Friday. Alphabet Inc has a 12 month low of $817.02 and a 12 month high of $1,186.89. The firm has a market capitalization of $712,249.88, a PE ratio of 31.42 and a beta of 1.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the 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 for the quarter, compared to analysts’ expectations of $31.88 billion. During the same period last year, the business earned $9.36 earnings per share. The company’s quarterly revenue was up 24.0% on a year-over-year basis.

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

In other news, VP James Grier Campbell sold 238 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $1,162.61, for a total value of $276,701.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David C. Drummond sold 5,690 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $1,164.43, for a total value of $6,625,606.70. Following the completion of the transaction, the senior vice president now directly owns 2,897 shares in the company, valued at approximately $3,373,353.71. The disclosure for this sale can be found here. In the last three months, insiders sold 48,720 shares of company stock worth $52,755,337. 13.92% of the stock is owned by corporate insiders.

Several research firms have commented on GOOG. Deutsche Bank reiterated a “buy” rating on shares of Alphabet in a report on Monday, January 29th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Friday, January 26th. JPMorgan Chase reiterated a “buy” rating on shares of Alphabet in a research note on Friday, February 2nd. Jefferies Group reissued a “buy” rating on shares of Alphabet in a report on Friday, February 2nd. Finally, Atlantic Securities reissued a “buy” rating on shares of Alphabet in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $1,089.34.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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