Academy Capital Management Inc. TX Trims Holdings in Alphabet Inc (GOOG)

Academy Capital Management Inc. TX decreased its position in Alphabet Inc (NASDAQ:GOOG) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,899 shares of the information services provider’s stock after selling 128 shares during the quarter. Alphabet accounts for 3.8% of Academy Capital Management Inc. TX’s portfolio, making the stock its 13th biggest holding. Academy Capital Management Inc. TX’s holdings in Alphabet were worth $13,330,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC increased its position in shares of Alphabet by 0.4% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock valued at $230,000 after purchasing an additional 1 shares during the last quarter. Capital Advantage Inc. increased its position in shares of Alphabet by 0.4% during the 2nd quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock valued at $248,000 after purchasing an additional 1 shares during the last quarter. Foster & Motley Inc. increased its position in shares of Alphabet by 0.8% during the 2nd quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock valued at $241,000 after purchasing an additional 2 shares during the last quarter. Saratoga Research & Investment Management increased its position in shares of Alphabet by 1.2% during the 2nd quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock valued at $234,000 after purchasing an additional 3 shares during the last quarter. Finally, Edge Wealth Management LLC increased its position in shares of Alphabet by 0.9% during the 2nd quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock valued at $309,000 after purchasing an additional 3 shares during the last quarter. 34.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alphabet Inc (GOOG) opened at $1,077.14 on Tuesday. Alphabet Inc has a 1-year low of $770.41 and a 1-year high of $1,078.49. The firm has a market capitalization of $739,400.25, a price-to-earnings ratio of 35.63 and a beta of 0.93. 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 (NASDAQ:GOOG) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $27.17 billion. During the same period in the prior year, the business earned $9.06 EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year.

Several research firms have recently weighed in on GOOG. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,084.59 target price on the stock in a research report on Wednesday, November 29th. Cantor Fitzgerald reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Robert W. Baird reissued an “outperform” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Saturday, September 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $1,047.45.

In related news, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total transaction of $175,544.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 38 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total value of $36,451.88. Following the sale, the director now owns 1,797 shares of the company’s stock, valued at $1,723,790.22. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock valued at $36,837,100 over the last quarter. Company insiders own 13.92% of the company’s stock.

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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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