Regal Investment Advisors LLC Has $320,000 Stake in Alphabet Inc (GOOG)

Regal Investment Advisors LLC reduced its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 88.3% in the second quarter, Holdings Channel reports. The institutional investor owned 287 shares of the information services provider’s stock after selling 2,163 shares during the period. Regal Investment Advisors LLC’s holdings in Alphabet were worth $320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GOOG. IMS Capital Management lifted its position in shares of Alphabet by 2.9% during the second quarter. IMS Capital Management now owns 1,465 shares of the information services provider’s stock valued at $1,634,000 after purchasing an additional 41 shares in the last quarter. Trust Co. of Virginia VA lifted its position in shares of Alphabet by 7.2% during the second quarter. Trust Co. of Virginia VA now owns 614 shares of the information services provider’s stock valued at $685,000 after purchasing an additional 41 shares in the last quarter. Intl Fcstone Inc. lifted its position in shares of Alphabet by 13.8% during the second quarter. Intl Fcstone Inc. now owns 347 shares of the information services provider’s stock valued at $387,000 after purchasing an additional 42 shares in the last quarter. Security National Trust Co. lifted its position in shares of Alphabet by 1.9% during the second quarter. Security National Trust Co. now owns 2,229 shares of the information services provider’s stock valued at $2,487,000 after purchasing an additional 42 shares in the last quarter. Finally, Providence First Trust Co lifted its position in shares of Alphabet by 2.7% during the second quarter. Providence First Trust Co now owns 1,581 shares of the information services provider’s stock valued at $1,764,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 34.16% of the company’s stock.

In other news, CEO Sundar Pichai sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $1,230.21, for a total value of $12,302,100.00. Following the sale, the chief executive officer now owns 560 shares of the company’s stock, valued at $688,917.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 80 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $1,193.80, for a total transaction of $95,504.00. Following the completion of the sale, the chief accounting officer now directly owns 388 shares in the company, valued at approximately $463,194.40. The disclosure for this sale can be found here. In the last three months, insiders sold 77,621 shares of company stock worth $91,928,242. Insiders own 13.11% of the company’s stock.

NASDAQ GOOG opened at $1,057.79 on Friday. Alphabet Inc has a 12-month low of $980.64 and a 12-month high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. The company has a market capitalization of $736.16 billion, a PE ratio of 23.80 and a beta of 1.16.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.41 by $2.65. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. The company had revenue of $27.16 billion for the quarter.

A number of research analysts recently weighed in on GOOG shares. Macquarie reissued a “buy” rating on shares of Alphabet in a research report on Thursday, September 27th. BidaskClub raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 26th. $1 lifted their price objective on shares of Alphabet to $1,375.00 and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Credit Suisse Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 26th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $1,301.81.

Alphabet Company 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.

Further Reading: Technical Analysis

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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