Goelzer Investment Management Inc. lessened its holdings in Alphabet Inc (NASDAQ:GOOG) by 3.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,540 shares of the information services provider’s stock after selling 169 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Alphabet were worth $5,418,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Garner Asset Management Corp increased its stake in Alphabet by 27.8% in the third quarter. Garner Asset Management Corp now owns 993 shares of the information services provider’s stock valued at $1,185,000 after purchasing an additional 216 shares during the period. Rice Partnership LLC increased its stake in Alphabet by 21.7% in the second quarter. Rice Partnership LLC now owns 544 shares of the information services provider’s stock valued at $607,000 after purchasing an additional 97 shares during the period. Jennison Associates LLC increased its stake in Alphabet by 8.0% in the third quarter. Jennison Associates LLC now owns 1,794,787 shares of the information services provider’s stock valued at $2,142,024,000 after purchasing an additional 132,781 shares during the period. Schmidt P J Investment Management Inc. increased its stake in Alphabet by 1.5% in the third quarter. Schmidt P J Investment Management Inc. now owns 5,166 shares of the information services provider’s stock valued at $6,165,000 after purchasing an additional 78 shares during the period. Finally, C WorldWide Group Holding A S increased its stake in Alphabet by 0.3% in the third quarter. C WorldWide Group Holding A S now owns 485,671 shares of the information services provider’s stock valued at $579,633,000 after purchasing an additional 1,466 shares during the period. 42.14% of the stock is owned by institutional investors.
In other Alphabet news, Director Ann Mather sold 194 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $1,120.68, for a total value of $217,411.92. Following the sale, the director now owns 1,797 shares of the company’s stock, valued at $2,013,861.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director L John Doerr sold 11,908 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $1,049.76, for a total transaction of $12,500,542.08. Following the completion of the sale, the director now directly owns 3,485 shares in the company, valued at approximately $3,658,413.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,805 shares of company stock worth $77,449,341. 13.11% of the stock is owned by insiders.
Shares of Alphabet stock opened at $1,095.06 on Monday. The stock has a market cap of $762.03 billion, a PE ratio of 23.05 and a beta of 1.06. Alphabet Inc has a 52-week low of $970.11 and a 52-week high of $1,273.89. The company has a current ratio of 3.92, a quick ratio of 3.89 and a debt-to-equity ratio of 0.02.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping analysts’ consensus estimates of $10.86 by $1.91. The firm had revenue of $39.28 billion for the quarter, compared to the consensus estimate of $38.91 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.70 earnings per share.
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Alphabet 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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