Allworth Financial LP decreased its holdings in Alphabet Inc (NASDAQ:GOOG) by 17.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 290 shares of the information services provider’s stock after selling 62 shares during the quarter. Allworth Financial LP’s holdings in Alphabet were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Orrstown Financial Services Inc. purchased a new position in Alphabet during the third quarter valued at approximately $26,000. HMS Capital Management LLC purchased a new position in Alphabet during the second quarter valued at approximately $38,000. Thor Advisors LLC purchased a new position in Alphabet during the first quarter valued at approximately $56,000. Permanens Capital L.P. lifted its holdings in Alphabet by 180.0% during the second quarter. Permanens Capital L.P. now owns 70 shares of the information services provider’s stock valued at $76,000 after purchasing an additional 45 shares in the last quarter. Finally, Camarda Financial Advisors LLC lifted its holdings in Alphabet by 35.1% during the second quarter. Camarda Financial Advisors LLC now owns 77 shares of the information services provider’s stock valued at $83,000 after purchasing an additional 20 shares in the last quarter. 33.79% of the stock is currently owned by institutional investors.

In related news, SVP David C. Drummond sold 1,600 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $1,215.39, for a total value of $1,944,624.00. Following the sale, the senior vice president now owns 44,482 shares in the company, valued at $54,062,977.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Amie Thuener O’toole sold 55 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $1,200.74, for a total transaction of $66,040.70. Following the completion of the sale, the vice president now owns 388 shares in the company, valued at approximately $465,887.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,391 shares of company stock worth $6,502,992. Company insiders own 12.99% of the company’s stock.

Several equities analysts have weighed in on GOOG shares. Oppenheimer lifted their price target on shares of Alphabet from $1,342.00 to $1,370.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Wedbush lifted their price target on shares of Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Deutsche Bank reaffirmed a “buy” rating on shares of Alphabet in a report on Thursday, October 3rd. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 23rd. Finally, Credit Suisse Group lifted their price target on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $1,378.93.

Shares of Alphabet stock traded up $13.18 on Wednesday, hitting $1,202.31. 773,829 shares of the company traded hands, compared to its average volume of 1,458,454. The stock has a market capitalization of $838.32 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,289.27. The business has a 50-day simple moving average of $1,204.62 and a 200 day simple moving average of $1,171.61.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.49 by $2.72. The firm had revenue of $38.94 billion for the quarter, compared to analysts’ expectations of $38.21 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the business posted $11.75 earnings per share. Research analysts expect that Alphabet Inc will post 51.66 earnings per share for the current year.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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