Alphabet Inc (GOOG) Position Decreased by Moneta Group Investment Advisors LLC

Moneta Group Investment Advisors LLC lessened its holdings in Alphabet Inc (NASDAQ:GOOG) by 59.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 937 shares of the information services provider’s stock after selling 1,370 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Alphabet were worth $899,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Capital Investment Advisory Services LLC increased its stake in Alphabet by 0.4% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock worth $230,000 after buying an additional 1 shares in the last quarter. Capital Advantage Inc. increased its stake in Alphabet by 0.4% during the 2nd quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock worth $248,000 after buying an additional 1 shares in the last quarter. Foster & Motley Inc. increased its stake in Alphabet by 0.8% during the 2nd quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after buying an additional 2 shares in the last quarter. Financial Consulate Inc. increased its stake in Alphabet by 1.2% during the 2nd quarter. Financial Consulate Inc. now owns 262 shares of the information services provider’s stock worth $238,000 after buying an additional 3 shares in the last quarter. Finally, Fiduciary Financial Services of The Southwest Inc. TX increased its stake in Alphabet by 0.3% during the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 874 shares of the information services provider’s stock worth $794,000 after buying an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 34.46% of the company’s stock.

Several research firms have commented on GOOG. Vetr lowered Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price objective for the company. in a research note on Wednesday, January 10th. Morningstar reiterated a “neutral” rating on shares of Alphabet in a research note on Friday, January 19th. SunTrust Banks boosted their price objective on Alphabet to $1,250.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-six have assigned a buy rating to the company. Alphabet currently has a consensus rating of “Buy” and an average price target of $1,061.93.

Alphabet Inc (GOOG) opened at $1,051.94 on Tuesday. Alphabet Inc has a twelve month low of $803.37 and a twelve month high of $1,186.89. The company has a market capitalization of $721,031.94, a P/E ratio of 58.57 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing analysts’ consensus estimates of $10.07 by ($0.37). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The business had revenue of $32.32 billion during the quarter, compared to analyst estimates of $31.88 billion. During the same quarter in the prior year, the company posted $9.36 earnings per share. The company’s revenue was up 24.0% on a year-over-year basis.

Alphabet announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 1st that permits the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other Alphabet news, Director Ann Mather sold 38 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $1,162.61, for a total value of $44,179.18. Following the sale, the director now owns 1,829 shares of the company’s stock, valued at $2,126,413.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP James Grier Campbell sold 184 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $1,012.66, for a total value of $186,329.44. The disclosure for this sale can be found here. Insiders sold 43,671 shares of company stock worth $45,613,302 over the last quarter. 13.92% of the stock is currently owned by 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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