Alphabet Inc. (GOOG) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 9.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,196 shares of the information services provider’s stock after selling 120 shares during the quarter. Trillium Asset Management LLC’s holdings in Alphabet were worth $1,087,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. lifted its position in Alphabet by 39.6% during the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after purchasing an additional 40 shares during the period. Farmers National Bank raised its position in shares of Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after acquiring an additional 21 shares during the period. St. Johns Investment Management Company LLC raised its position in shares of Alphabet by 1,046.7% in the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after acquiring an additional 157 shares during the period. Cribstone Capital Management LLC raised its position in shares of Alphabet by 5.7% in the second quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock worth $167,000 after acquiring an additional 10 shares during the period. Finally, Baker Boyer National Bank acquired a new position in shares of Alphabet in the second quarter worth about $200,000. 34.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alphabet Inc. (GOOG) opened at $1,032.48 on Monday. 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 Inc. has a 52 week low of $727.54 and a 52 week high of $1,048.39. The company has a market cap of $717,368.13, a PE ratio of 34.57 and a beta of 0.95.

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

In other Alphabet news, Director L John Doerr sold 13,556 shares of Alphabet stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $922.15, for a total transaction of $12,500,665.40. Following the completion of the transaction, the director now owns 3,485 shares in the company, valued at $3,213,692.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 owns 1,805 shares of the company’s stock, valued at approximately $1,836,064.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,714 shares of company stock valued at $35,728,265. 13.92% of the stock is currently owned by company insiders.

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A number of research analysts have weighed in on the stock. Oppenheimer Holdings, Inc. reiterated an “outperform” rating on shares of Alphabet in a research report on Friday, October 27th. UBS AG reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Macquarie restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $1,045.44.

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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