Glynn Capital Management LLC Sells 1,187 Shares of Alphabet Inc (GOOG)

Glynn Capital Management LLC reduced its position in shares of Alphabet Inc (NASDAQ:GOOG) by 45.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,433 shares of the information services provider’s stock after selling 1,187 shares during the period. Alphabet comprises about 0.3% of Glynn Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. Glynn Capital Management LLC’s holdings in Alphabet were worth $1,374,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Capital Investment Advisory Services LLC raised its holdings 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 acquiring an additional 1 shares in the last quarter. Capital Advantage Inc. raised its holdings in Alphabet by 0.4% during the second quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock worth $248,000 after acquiring an additional 1 shares in the last quarter. Foster & Motley Inc. raised its holdings in Alphabet by 0.8% during the second quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after acquiring an additional 2 shares in the last quarter. Saratoga Research & Investment Management raised its holdings in Alphabet by 1.2% during the second quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock worth $234,000 after acquiring an additional 3 shares in the last quarter. Finally, Edge Wealth Management LLC raised its holdings in Alphabet by 0.9% during the second quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock worth $309,000 after acquiring an additional 3 shares in the last quarter. 34.64% of the stock is owned by institutional investors.

Several analysts recently issued reports on the company. Robert W. Baird reiterated an “outperform” rating and set a $1,100.00 target price on shares of Alphabet in a report on Saturday, September 23rd. JMP Securities reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Cantor Fitzgerald reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Monness Crespi & Hardt reiterated a “buy” rating on shares of Alphabet in a report on Saturday, August 26th. Finally, UBS reiterated an “overweight” rating on shares of Alphabet in a report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirty-eight have given a buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and a consensus target price of $1,046.24.

Shares of Alphabet Inc (NASDAQ GOOG) opened at $1,063.63 on Friday. Alphabet Inc has a twelve month low of $770.41 and a twelve month high of $1,078.49. The firm has a market capitalization of $739,928.31, a price-to-earnings ratio of 35.65 and a beta of 0.93. 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 announced its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Zacks’ 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 company 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 company earned $9.06 EPS. Alphabet’s revenue was up 23.7% compared to the same quarter last year.

In related news, VP James Grier Campbell sold 183 shares of the firm’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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $958.40, for a total value of $3,833,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,900 shares of company stock valued at $37,430,220. 13.92% of the stock is owned by corporate insiders.

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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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