Meag Munich Ergo Kapitalanlagegesellschaft MBH cut its stake in Alphabet Inc (NASDAQ:GOOG) by 14.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 38,001 shares of the information services provider’s stock after selling 6,204 shares during the quarter. Alphabet makes up about 1.5% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings, making the stock its 7th biggest holding. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Alphabet were worth $36,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Burt Wealth Advisors increased its holdings in 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 in the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in 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 in the last quarter. Almanack Investment Partners LLC. increased its holdings in 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 in the last quarter. St. Johns Investment Management Company LLC increased its holdings in 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 in the last quarter. Finally, Catamount Wealth Management increased its holdings in Alphabet by 5.8% during the 2nd quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after purchasing an additional 10 shares in the last quarter. 34.62% of the stock is owned by institutional investors and hedge funds.

Alphabet Inc (GOOG) opened at $1,137.51 on Monday. Alphabet Inc has a 12-month low of $790.52 and a 12-month high of $1,139.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The stock has a market capitalization of $792,410.00, a price-to-earnings ratio of 37.89 and a beta of 0.94.

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

A number of research firms recently weighed in on GOOG. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a report on Thursday, January 11th. BidaskClub raised Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Morningstar reaffirmed a “neutral” rating on shares of Alphabet in a report on Friday. Bank of America reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a report on Tuesday, September 26th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and an average price target of $1,052.31.

In other Alphabet news, Director Ann Mather sold 38 shares of Alphabet stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total transaction of $38,653.98. Following the transaction, the director now directly owns 1,805 shares in the company, valued at $1,836,064.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $1,127.17, for a total value of $4,508,680.00. Following the transaction, the chief executive officer now owns 656 shares in the company, valued at $739,423.52. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock worth $38,411,507 over the last 90 days. 13.92% of the stock is owned by corporate insiders.

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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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