Alphabet Inc (GOOG) Shares Sold by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp cut its holdings in Alphabet Inc (NASDAQ:GOOG) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,947 shares of the information services provider’s stock after selling 4,843 shares during the period. Alphabet accounts for 4.7% of Obermeyer Wood Investment Counsel Lllp’s portfolio, making the stock its 3rd largest holding. Obermeyer Wood Investment Counsel Lllp’s holdings in Alphabet were worth $54,619,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Burt Wealth Advisors raised its position in shares of Alphabet by 17.2% during the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 20 shares during the period. Signature Estate & Investment Advisors LLC raised its position in shares of Alphabet by 3.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 5 shares during the period. Archford Capital Strategies LLC raised its position in shares of Alphabet by 400.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after purchasing an additional 832 shares during the period. Almanack Investment Partners LLC. raised its position in shares of Alphabet by 4.5% during the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after purchasing an additional 7 shares during the period. Finally, St. Johns Investment Management Company LLC raised its position in shares of Alphabet by 1,046.7% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 34.65% of the company’s stock.

In related news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $993.58, for a total transaction of $3,974,320.00. Following the completion of the transaction, the chief executive officer now directly owns 1,471 shares of the company’s stock, valued at approximately $1,461,556.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 38 shares of Alphabet stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $1,048.34, for a total transaction of $39,836.92. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock valued at $37,877,147 over the last three months. Corporate insiders own 13.92% of the company’s stock.

Alphabet Inc (NASDAQ:GOOG) opened at $1,122.26 on Tuesday. Alphabet Inc has a 52 week low of $790.52 and a 52 week high of $1,124.29. The company has a market cap of $782,650.00, a price-to-earnings ratio of 37.38 and a beta of 0.94. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $27.17 billion. During the same period last year, the company posted $9.06 EPS. The business’s revenue was up 23.7% on a year-over-year basis.

GOOG has been the topic of several recent analyst reports. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Deutsche Bank restated a “buy” rating on shares of Alphabet in a research report on Wednesday, October 25th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 20th. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, September 29th. Finally, Bank of America reaffirmed a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $1,052.31.

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Alphabet 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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