Alphabet Inc (GOOG) Stake Lessened by Liberty Capital Management Inc.

Liberty Capital Management Inc. decreased its position in Alphabet Inc (NASDAQ:GOOG) by 4.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,040 shares of the information services provider’s stock after selling 100 shares during the period. Liberty Capital Management Inc.’s holdings in Alphabet were worth $2,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GOOG. Parsec Financial Management Inc. lifted its holdings in Alphabet by 15.5% during the third quarter. Parsec Financial Management Inc. now owns 8,188 shares of the information services provider’s stock worth $7,853,000 after buying an additional 1,099 shares during the period. Meyer Handelman Co. increased its position in shares of Alphabet by 10.9% during the third quarter. Meyer Handelman Co. now owns 6,401 shares of the information services provider’s stock worth $6,140,000 after purchasing an additional 628 shares in the last quarter. Simplex Trading LLC increased its position in shares of Alphabet by 35.5% during the third quarter. Simplex Trading LLC now owns 72,513 shares of the information services provider’s stock worth $69,547,000 after purchasing an additional 18,982 shares in the last quarter. Aperio Group LLC increased its position in shares of Alphabet by 7.1% during the third quarter. Aperio Group LLC now owns 116,337 shares of the information services provider’s stock worth $111,580,000 after purchasing an additional 7,688 shares in the last quarter. Finally, Clear Harbor Asset Management LLC increased its position in shares of Alphabet by 6.1% during the third quarter. Clear Harbor Asset Management LLC now owns 4,398 shares of the information services provider’s stock worth $4,218,000 after purchasing an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 34.63% of the company’s stock.

In other news, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,017.21, for a total transaction of $186,149.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $993.58, for a total transaction of $3,974,320.00. Following the sale, the chief executive officer now owns 1,471 shares of the company’s stock, valued at approximately $1,461,556.18. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock worth $37,877,147 over the last ninety days. 13.92% of the stock is currently owned by corporate insiders.

Alphabet Inc (GOOG) opened at $1,122.26 on Friday. The firm has a market cap of $782,040.00, a PE ratio of 37.38 and a beta of 0.94. Alphabet Inc has a 12 month low of $790.52 and a 12 month high of $1,124.29. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

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

A number of equities analysts have recently issued reports on GOOG shares. SunTrust Banks reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Saturday, September 23rd. Robert W. Baird reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Saturday, September 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Saturday, September 23rd. Bank of America reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Tuesday, September 26th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Alphabet presently has a consensus 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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