Alphabet Inc Class C (GOOG) Shares Sold by First Quadrant L P CA

First Quadrant L P CA lessened its position in Alphabet Inc Class C (NASDAQ:GOOG) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,413 shares of the information services provider’s stock after selling 645 shares during the period. Alphabet Inc Class C accounts for 1.1% of First Quadrant L P CA’s investment portfolio, making the stock its 8th biggest position. First Quadrant L P CA’s holdings in Alphabet Inc Class C were worth $60,706,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Alphabet Inc Class C by 1.9% in the 1st quarter. BlackRock Inc. now owns 19,071,440 shares of the information services provider’s stock worth $19,677,721,000 after acquiring an additional 352,952 shares during the last quarter. Summit Trail Advisors LLC grew its holdings in Alphabet Inc Class C by 132,719.3% in the 1st quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock worth $18,680,000 after acquiring an additional 18,665,638 shares during the last quarter. Magellan Asset Management Ltd lifted its position in shares of Alphabet Inc Class C by 684.2% in the 1st quarter. Magellan Asset Management Ltd now owns 2,114,849 shares of the information services provider’s stock worth $2,182,080,000 after purchasing an additional 1,845,160 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Alphabet Inc Class C by 4.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,079,768 shares of the information services provider’s stock worth $1,114,094,000 after purchasing an additional 45,157 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Alphabet Inc Class C by 1.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,069,808 shares of the information services provider’s stock worth $1,103,816,000 after purchasing an additional 11,529 shares during the period. 34.31% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on GOOG. Atlantic Securities reaffirmed a “buy” rating on shares of Alphabet Inc Class C in a research report on Tuesday, July 24th. Robert W. Baird reaffirmed a “buy” rating on shares of Alphabet Inc Class C in a research report on Tuesday, July 24th. Raymond James reaffirmed an “outperform” rating and issued a $1,405.00 target price (up from $1,240.00) on shares of Alphabet Inc Class C in a research report on Tuesday, July 24th. BidaskClub cut shares of Alphabet Inc Class C from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 3rd. Finally, Barclays reaffirmed a “buy” rating on shares of Alphabet Inc Class C in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. Alphabet Inc Class C currently has a consensus rating of “Buy” and a consensus target price of $1,255.72.

Shares of NASDAQ GOOG opened at $1,156.05 on Tuesday. Alphabet Inc Class C has a 1 year low of $909.70 and a 1 year high of $1,273.89. The stock has a market cap of $809.26 billion, a P/E ratio of 28.40 and a beta of 1.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13.

Alphabet Inc Class C (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.66 by $2.09. Alphabet Inc Class C had a net margin of 13.16% and a return on equity of 18.24%. The company had revenue of $32.66 billion during the quarter, compared to analysts’ expectations of $32.13 billion. During the same period last year, the company posted $5.01 EPS. Alphabet Inc Class C’s revenue was up 25.6% on a year-over-year basis.

In related news, CEO Sundar Pichai sold 10,000 shares of Alphabet Inc Class C stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $1,179.07, for a total transaction of $11,790,700.00. Following the completion of the transaction, the chief executive officer now directly owns 587 shares of the company’s stock, valued at approximately $692,114.09. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP David C. Drummond sold 5,690 shares of Alphabet Inc Class C stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $1,177.36, for a total transaction of $6,699,178.40. Following the transaction, the senior vice president now directly owns 41,234 shares of the company’s stock, valued at $48,547,262.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,362 shares of company stock valued at $105,611,408. 13.11% of the stock is currently owned by corporate insiders.

Alphabet Inc Class C Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet Inc Class C (NASDAQ:GOOG)

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