Alphabet Inc (NASDAQ:GOOG) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lessened its stake in Alphabet Inc (NASDAQ:GOOG) by 8.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,270 shares of the information services provider’s stock after selling 899 shares during the quarter. Alphabet accounts for approximately 1.5% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 14th biggest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Alphabet were worth $9,850,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Investment Advisory Services LLC lifted its stake in Alphabet by 0.4% during the second quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock worth $230,000 after purchasing an additional 1 shares during the last quarter. Capital Advantage Inc. lifted its stake in Alphabet by 0.4% in the second quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock valued at $248,000 after buying an additional 1 shares during the last quarter. Foster & Motley Inc. lifted its stake in Alphabet by 0.8% in the second quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock valued at $241,000 after buying an additional 2 shares during the last quarter. Saratoga Research & Investment Management lifted its stake in Alphabet by 1.2% in the second quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock valued at $234,000 after buying an additional 3 shares during the last quarter. Finally, Edge Wealth Management LLC lifted its stake in Alphabet by 0.9% in the second quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock valued at $309,000 after buying an additional 3 shares during the last quarter. Institutional investors and hedge funds own 34.63% of the company’s stock.

In other news, Director L John Doerr sold 12,236 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the completion of the sale, the director now owns 3,485 shares in the company, valued at $3,560,171.45. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $1,065.21, for a total value of $4,260,840.00. Following the completion of the sale, the chief executive officer now owns 1,031 shares of the company’s stock, valued at approximately $1,098,231.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,900 shares of company stock valued at $37,877,147. Insiders own 13.92% of the company’s stock.

Shares of Alphabet Inc (NASDAQ GOOG) traded up $2.91 during trading hours on Friday, reaching $1,105.52. The company’s stock had a trading volume of 978,200 shares, compared to its average volume of 1,115,250. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc has a 12 month low of $790.52 and a 12 month high of $1,111.27. The firm has a market capitalization of $780,660.00, a price-to-earnings ratio of 36.83 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $27.17 billion. During the same quarter last year, the firm earned $9.06 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year.

GOOG has been the subject of a number of research reports. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Friday, October 20th. Wells Fargo & Co reissued a “buy” rating on shares of Alphabet in a report on Friday, October 6th. Piper Jaffray Companies reissued an “overweight” rating and issued a $1,150.00 target price on shares of Alphabet in a report on Thursday, October 19th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $1,052.31.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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