Alphabet Inc. (GOOG) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,647 shares of the information services provider’s stock after selling 109 shares during the period. Wesbanco Bank Inc.’s holdings in Alphabet were worth $10,584,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Capital Investment Advisory Services LLC lifted its position in Alphabet by 0.4% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock valued at $230,000 after acquiring an additional 1 shares in the last quarter. Capital Advantage Inc. lifted its position in Alphabet by 0.4% in the 2nd quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock valued at $248,000 after acquiring an additional 1 shares in the last quarter. Foster & Motley Inc. lifted its position in Alphabet by 0.8% in the 2nd quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock valued at $241,000 after acquiring an additional 2 shares in the last quarter. Gradient Investments LLC lifted its position in Alphabet by 0.6% in the 2nd quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock valued at $460,000 after acquiring an additional 3 shares in the last quarter. Finally, Saratoga Research & Investment Management lifted its position in Alphabet by 1.2% in the 2nd quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock valued at $234,000 after acquiring an additional 3 shares in the last quarter. 34.73% of the stock is owned by institutional investors.

In related news, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $933.08, for a total value of $170,753.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $931.44, for a total transaction of $3,725,760.00. Following the completion of the transaction, the chief executive officer now owns 1,618 shares in the company, valued at approximately $1,507,069.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,395 shares of company stock worth $37,941,725. 13.92% of the stock is owned by insiders.

Several equities research analysts recently commented on the stock. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,080.50 price objective on the stock. in a research report on Monday, November 27th. UBS reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, November 27th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $1,150.00 price objective on shares of Alphabet in a research report on Thursday, October 19th. Pivotal Research boosted their price objective on shares of Alphabet from $940.00 to $970.00 and gave the company a “hold” rating in a research report on Thursday, October 12th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirty-nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $1,047.96.

Shares of Alphabet Inc. (NASDAQ:GOOG) opened at $1,010.17 on Friday. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The stock has a market cap of $701,867.13, a PE ratio of 33.82 and a beta of 0.94. Alphabet Inc. has a fifty-two week low of $743.10 and a fifty-two week high of $1,062.38.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $8.31 by $1.26. The company had revenue of $27.77 billion for 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%. Alphabet’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.06 EPS.

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About Alphabet

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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