American Century Companies Inc. Sells 25,718 Shares of Alphabet Inc. (GOOG)

American Century Companies Inc. cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 850,766 shares of the information services provider’s stock after selling 25,718 shares during the period. Alphabet makes up 0.8% of American Century Companies Inc.’s holdings, making the stock its 13th biggest holding. American Century Companies Inc. owned 0.12% of Alphabet worth $773,117,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Brookstone Capital Management grew its position in Alphabet by 28.0% in the 1st quarter. Brookstone Capital Management now owns 411 shares of the information services provider’s stock worth $341,000 after purchasing an additional 90 shares in the last quarter. Markel Corp grew its position in Alphabet by 21.3% in the 1st quarter. Markel Corp now owns 74,031 shares of the information services provider’s stock worth $61,413,000 after purchasing an additional 13,000 shares in the last quarter. Arete Wealth Advisors LLC grew its position in Alphabet by 14.5% in the 1st quarter. Arete Wealth Advisors LLC now owns 901 shares of the information services provider’s stock worth $747,000 after purchasing an additional 114 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in Alphabet by 87.8% in the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 368 shares of the information services provider’s stock worth $306,000 after purchasing an additional 172 shares in the last quarter. Finally, General American Investors Co. Inc. grew its position in Alphabet by 21.7% in the 1st quarter. General American Investors Co. Inc. now owns 28,000 shares of the information services provider’s stock worth $23,228,000 after purchasing an additional 5,000 shares in the last quarter. 34.43% of the stock is owned by institutional investors.

Alphabet Inc. (GOOG) opened at $1,018.38 on Tuesday. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a twelve month low of $737.02 and a twelve month high of $1,048.39. The company has a market cap of $713,370.00, a price-to-earnings ratio of 34.12 and a beta of 0.96.

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

GOOG has been the subject of a number of recent analyst reports. UBS AG reaffirmed a “buy” rating and issued a $1,080.00 price objective on shares of Alphabet in a research report on Tuesday, July 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,100.00 price objective (up from $1,050.00) on shares of Alphabet in a research report on Tuesday, July 25th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Finally, JMP Securities reiterated an “outperform” rating and issued a $1,077.00 target price on shares of Alphabet in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $1,047.52.

In other Alphabet news, Director L John Doerr sold 12,236 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the completion of the sale, the director now owns 3,485 shares of the company’s stock, valued at approximately $3,560,171.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 37 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $940.67, for a total transaction of $34,804.79. Following the sale, the director now directly owns 1,789 shares of the company’s stock, valued at approximately $1,682,858.63. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,394 shares of company stock worth $37,937,930. 13.92% of the stock is owned by insiders.

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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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