Alphabet Inc. (GOOG) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 26.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 315 shares of the information services provider’s stock after selling 111 shares during the quarter. Venturi Wealth Management LLC’s holdings in Alphabet were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Riggs Asset Managment Co. Inc. boosted its stake in Alphabet by 39.6% during the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock worth $128,000 after acquiring an additional 40 shares in the last quarter. Farmers National Bank boosted its stake in Alphabet by 15.0% during the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after acquiring an additional 21 shares in the last quarter. St. Johns Investment Management Company LLC boosted its stake in Alphabet by 1,046.7% during the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after acquiring an additional 157 shares in the last quarter. Catamount Wealth Management boosted its stake in Alphabet by 5.8% during the second quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock worth $165,000 after acquiring an additional 10 shares in the last quarter. Finally, Cribstone Capital Management LLC boosted its stake in Alphabet by 5.7% during the second quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock worth $167,000 after acquiring an additional 10 shares in the last quarter. 34.43% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Inc. (NASDAQ:GOOG) opened at $1,034.49 on Wednesday. Alphabet Inc. has a 12-month low of $737.02 and a 12-month high of $1,048.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The company has a market cap of $707,571.50, a price-to-earnings ratio of 34.09 and a beta of 0.95.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $27.17 billion. During the same quarter last year, the business earned $9.06 earnings per share. Alphabet’s quarterly revenue was up 23.7% compared to the same quarter last year.

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In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $924.36, for a total transaction of $3,697,440.00. Following the completion of the transaction, the chief executive officer now owns 1,324 shares in the company, valued at $1,223,852.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James Grier Campbell sold 183 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $933.08, for a total transaction of $170,753.64. The disclosure for this sale can be found here. Insiders have sold 38,394 shares of company stock valued at $37,937,930 in the last quarter. 13.92% of the stock is owned by company insiders.

Several brokerages have recently issued reports on GOOG. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Canaccord Genuity reiterated a “hold” rating and issued a $1,000.00 target price on shares of Alphabet in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Finally, B. Riley reiterated a “buy” rating and issued a $1,050.00 target price (up previously from $1,032.00) on shares of Alphabet in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have given a buy rating to the company. Alphabet has a consensus rating of “Buy” and an average price target of $1,047.52.

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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