American Trust Investment Advisors LLC Sells 72 Shares of Alphabet Inc (GOOG)

American Trust Investment Advisors LLC cut its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 11.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 536 shares of the information services provider’s stock after selling 72 shares during the quarter. American Trust Investment Advisors LLC’s holdings in Alphabet were worth $514,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Investment Advisory Services LLC boosted its holdings in Alphabet by 0.4% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock valued at $230,000 after purchasing an additional 1 shares during the last quarter. Capital Advantage Inc. boosted its holdings in Alphabet by 0.4% in the 2nd quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock valued at $248,000 after purchasing an additional 1 shares during the last quarter. Foster & Motley Inc. boosted its holdings in Alphabet by 0.8% in the 2nd quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock valued at $241,000 after purchasing an additional 2 shares during the last quarter. Edge Wealth Management LLC boosted its holdings in Alphabet by 0.9% in the 2nd quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock valued at $309,000 after purchasing an additional 3 shares during the last quarter. Finally, Financial Consulate Inc. boosted its holdings in Alphabet by 1.2% in the 2nd quarter. Financial Consulate Inc. now owns 262 shares of the information services provider’s stock valued at $238,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 34.64% of the company’s stock.

In other Alphabet news, Director Ann Mather sold 38 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $1,015.80, for a total value of $38,600.40. Following the sale, the director now directly owns 1,813 shares of the company’s stock, valued at approximately $1,841,645.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,020.69, for a total transaction of $4,082,760.00. Following the completion of the sale, the chief executive officer now directly owns 949 shares in the company, valued at $968,634.81. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,981 shares of company stock worth $39,624,577. 13.92% of the stock is owned by insiders.

Shares of Alphabet Inc (GOOG) opened at $1,037.78 on Friday. Alphabet Inc has a 52 week low of $803.37 and a 52 week high of $1,186.89. The firm has a market cap of $723,270.00, a P/E ratio of 57.78 and a beta of 1.01. The company has a current ratio of 5.14, a quick ratio of 5.11 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing the consensus estimate of $10.07 by ($0.37). Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The business had revenue of $32.32 billion for the quarter, compared to analysts’ expectations of $31.88 billion. During the same period in the previous year, the company earned $9.36 earnings per share. Alphabet’s quarterly revenue was up 24.0% on a year-over-year basis.

Alphabet announced that its Board of Directors has approved a share buyback plan on Thursday, February 1st that permits the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

GOOG has been the topic of several recent analyst reports. UBS Group reiterated a “buy” rating on shares of Alphabet in a report on Thursday, January 11th. Deutsche Bank reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, October 25th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a report on Friday, January 12th. Morningstar reiterated a “neutral” rating on shares of Alphabet in a report on Friday, January 19th. Finally, Piper Jaffray Companies boosted their target price on shares of Alphabet from $1,150.00 to $1,300.00 and gave the company an “overweight” rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty-six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $1,061.93.

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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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