Alphabet Inc (GOOG) Stake Decreased by Country Trust Bank

Country Trust Bank lowered its holdings in Alphabet Inc (NASDAQ:GOOG) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,291 shares of the information services provider’s stock after selling 310 shares during the quarter. Alphabet accounts for about 2.0% of Country Trust Bank’s investment portfolio, making the stock its 13th biggest holding. Country Trust Bank’s holdings in Alphabet were worth $43,439,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Burt Wealth Advisors increased its position in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after acquiring an additional 20 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its position in Alphabet by 3.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 5 shares during the last quarter. Archford Capital Strategies LLC increased its position in Alphabet by 400.0% during the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after acquiring an additional 832 shares during the last quarter. Almanack Investment Partners LLC. increased its position in Alphabet by 4.5% during the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after acquiring an additional 7 shares during the last quarter. Finally, St. Johns Investment Management Company LLC increased its position in Alphabet by 1,046.7% during the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after acquiring an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 34.63% of the company’s stock.

In related news, Director L John Doerr sold 12,236 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the completion of the transaction, the director now directly owns 3,485 shares of the company’s stock, valued at $3,560,171.45. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP James Grier Campbell sold 183 shares of the 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 value of $186,149.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,900 shares of company stock valued at $37,877,147. Corporate insiders own 13.92% of the company’s stock.

A number of analysts recently commented on the company. Vetr cut Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price objective for the company. in a research report on Wednesday. UBS Group reissued a “buy” rating on shares of Alphabet in a report on Monday, November 27th. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $1,150.00 price target on shares of Alphabet in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirty-eight have given a buy rating to the stock. Alphabet has an average rating of “Buy” and an average target price of $1,044.41.

Alphabet Inc (GOOG) opened at $1,106.26 on Wednesday. The firm has a market capitalization of $771,140.00, a PE ratio of 36.85 and a beta of 0.94. 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 Inc has a one year low of $790.52 and a one year high of $1,111.27.

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

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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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