Fisher Asset Management LLC Sells 14,943 Shares of Alphabet Inc. (GOOG)

Fisher Asset Management LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 407,213 shares of the information services provider’s stock after selling 14,943 shares during the period. Fisher Asset Management LLC owned approximately 0.06% of Alphabet worth $337,808,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GOOG. Intermede Investment Partners Ltd increased its position in Alphabet by 7.5% in the first quarter. Intermede Investment Partners Ltd now owns 64,543 shares of the information services provider’s stock worth $53,542,000 after buying an additional 4,490 shares in the last quarter. Harwood Advisory Group LLC increased its position in Alphabet by 24.9% in the first quarter. Harwood Advisory Group LLC now owns 486 shares of the information services provider’s stock worth $403,000 after buying an additional 97 shares in the last quarter. IFC Holdings Incorporated FL increased its position in Alphabet by 4.8% in the first quarter. IFC Holdings Incorporated FL now owns 1,623 shares of the information services provider’s stock worth $1,337,000 after buying an additional 74 shares in the last quarter. UMB Bank N A MO increased its position in Alphabet by 0.3% in the first quarter. UMB Bank N A MO now owns 3,976 shares of the information services provider’s stock worth $3,299,000 after buying an additional 12 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its position in Alphabet by 9.1% in the first quarter. Rehmann Capital Advisory Group now owns 1,865 shares of the information services provider’s stock worth $1,547,000 after buying an additional 155 shares in the last quarter. Institutional investors own 35.04% of the company’s stock.

Alphabet Inc. (NASDAQ GOOG) opened at 952.27 on Tuesday. Alphabet Inc. has a 1-year low of $663.28 and a 1-year high of $988.25. The stock’s 50 day moving average is $948.74 and its 200 day moving average is $852.55. The company has a market cap of $658.73 billion, a P/E ratio of 32.18 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 27th. The information services provider reported $7.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.38 by $0.35. The firm had revenue of $24.75 billion for the quarter, compared to analysts’ expectations of $24.18 billion. Alphabet had a net margin of 21.84% and a return on equity of 15.16%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter last year, the business posted $7.50 earnings per share. Equities analysts anticipate that Alphabet Inc. will post $33.91 earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on the stock. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $995.83 price objective for the company in a research note on Monday. Canaccord Genuity downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,000.00 price objective for the company. in a research note on Thursday, June 15th. They noted that the move was a valuation call. Deutsche Bank AG restated a “buy” rating on shares of Alphabet in a research note on Monday, June 12th. Moffett Nathanson restated a “buy” rating on shares of Alphabet in a research note on Friday, June 9th. Finally, Instinet reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and forty have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $988.37.

In related news, Director L John Doerr sold 13,355 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $935.93, for a total value of $12,499,345.15. Following the sale, the director now owns 3,468 shares in the company, valued at $3,245,805.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David C. Drummond sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $830.20, for a total transaction of $1,660,400.00. Following the completion of the sale, the senior vice president now owns 4,800 shares in the company, valued at approximately $3,984,960. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,085 shares of company stock worth $42,307,001. Company insiders own 13.92% of the company’s stock.

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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