Alphabet Inc Class C (GOOG) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. cut its holdings in Alphabet Inc Class C (NASDAQ:GOOG) by 4.9% in the 1st quarter, HoldingsChannel reports. The fund owned 1,322 shares of the information services provider’s stock after selling 68 shares during the period. Coldstream Capital Management Inc.’s holdings in Alphabet Inc Class C were worth $1,364,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. increased its position in Alphabet Inc Class C by 1.9% in the 1st quarter. BlackRock Inc. now owns 19,071,440 shares of the information services provider’s stock valued at $19,677,721,000 after buying an additional 352,952 shares in the last quarter. Geode Capital Management LLC increased its position in Alphabet Inc Class C by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 3,357,642 shares of the information services provider’s stock valued at $3,506,398,000 after buying an additional 105,985 shares in the last quarter. Alliancebernstein L.P. increased its position in Alphabet Inc Class C by 0.7% in the 4th quarter. Alliancebernstein L.P. now owns 3,228,459 shares of the information services provider’s stock valued at $3,378,260,000 after buying an additional 23,200 shares in the last quarter. Magellan Asset Management Ltd increased its position in Alphabet Inc Class C by 684.2% in the 1st quarter. Magellan Asset Management Ltd now owns 2,114,849 shares of the information services provider’s stock valued at $2,182,080,000 after buying an additional 1,845,160 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Alphabet Inc Class C by 11.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,012,145 shares of the information services provider’s stock valued at $2,105,510,000 after buying an additional 202,288 shares in the last quarter. 34.27% of the stock is owned by institutional investors and hedge funds.

In other news, VP Amie Thuener O’toole sold 80 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $1,206.20, for a total value of $96,496.00. Following the transaction, the vice president now owns 388 shares in the company, valued at approximately $468,005.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David C. Drummond sold 5,690 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $1,244.09, for a total value of $7,078,872.10. Following the completion of the transaction, the senior vice president now owns 41,234 shares in the company, valued at approximately $51,298,807.06. The disclosure for this sale can be found here. Insiders have sold a total of 72,107 shares of company stock valued at $84,354,664 in the last quarter. Company insiders own 13.11% of the company’s stock.

A number of brokerages recently commented on GOOG. BidaskClub raised Alphabet Inc Class C from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 26th. Raymond James reaffirmed an “outperform” rating and issued a $1,405.00 target price (up from $1,240.00) on shares of Alphabet Inc Class C in a research report on Tuesday, July 24th. Royal Bank of Canada boosted their target price on Alphabet Inc Class C from $1,285.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Tuesday, July 24th. Nomura reaffirmed a “buy” rating on shares of Alphabet Inc Class C in a research report on Tuesday, July 24th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Alphabet Inc Class C in a research report on Tuesday, July 24th. Two equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Alphabet Inc Class C currently has a consensus rating of “Buy” and a consensus target price of $1,245.96.

GOOG stock opened at $1,235.01 on Tuesday. The stock has a market cap of $861.31 billion, a price-to-earnings ratio of 38.53 and a beta of 1.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13. Alphabet Inc Class C has a 52-week low of $903.40 and a 52-week high of $1,273.89.

Alphabet Inc Class C (NASDAQ:GOOG) last released its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.66 by $2.09. The business had revenue of $32.66 billion during the quarter, compared to the consensus estimate of $32.13 billion. Alphabet Inc Class C had a return on equity of 18.24% and a net margin of 13.16%. The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.01 EPS.

Alphabet Inc Class C 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.

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Institutional Ownership by Quarter for Alphabet Inc Class C (NASDAQ:GOOG)

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