Achmea Investment Management B.V. Trims Stake in Alphabet Inc Class C (GOOG)

Achmea Investment Management B.V. trimmed its position in Alphabet Inc Class C (NASDAQ:GOOG) by 7.7% during the 2nd quarter, Holdings Channel reports. The firm owned 27,908 shares of the information services provider’s stock after selling 2,343 shares during the quarter. Alphabet Inc Class C accounts for about 1.1% of Achmea Investment Management B.V.’s investment portfolio, making the stock its 15th largest holding. Achmea Investment Management B.V.’s holdings in Alphabet Inc Class C were worth $31,133,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of GOOG. Summit Trail Advisors LLC increased its holdings in shares of Alphabet Inc Class C by 132,719.3% in the first quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock worth $18,680,000 after purchasing an additional 18,665,638 shares during the last quarter. Magellan Asset Management Ltd increased its holdings in shares of Alphabet Inc Class C by 684.2% in the first quarter. Magellan Asset Management Ltd now owns 2,114,849 shares of the information services provider’s stock worth $2,182,080,000 after purchasing an additional 1,845,160 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of Alphabet Inc Class C by 114,793.0% in the second quarter. Cornerstone Wealth Management LLC now owns 723,826 shares of the information services provider’s stock worth $642,000 after purchasing an additional 723,196 shares during the last quarter. BlackRock Inc. grew its position in Alphabet Inc Class C by 1.9% in the first quarter. BlackRock Inc. now owns 19,071,440 shares of the information services provider’s stock worth $19,677,721,000 after acquiring an additional 352,952 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its position in Alphabet Inc Class C by 25.5% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 997,418 shares of the information services provider’s stock worth $1,043,696,000 after acquiring an additional 202,975 shares in the last quarter. 34.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:GOOG opened at $1,172.53 on Friday. Alphabet Inc Class C has a 1 year low of $909.70 and a 1 year high of $1,273.89. The company has a market cap of $809.26 billion, a price-to-earnings ratio of 28.40 and a beta of 1.11. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02.

Alphabet Inc Class C (NASDAQ:GOOG) last announced its earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $9.66 by $2.09. Alphabet Inc Class C had a return on equity of 18.24% and a net margin of 13.16%. The business had revenue of $32.66 billion during the quarter, compared to analyst estimates of $32.13 billion. During the same quarter in the previous year, the business earned $5.01 earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year.

GOOG has been the subject of several recent research reports. BidaskClub upgraded Alphabet Inc Class C from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 26th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet Inc Class C in a research report on Tuesday, August 7th. Goldman Sachs Group reiterated a “$1,186.96” rating on shares of Alphabet Inc Class C in a research report on Thursday, July 19th. Piper Jaffray Companies reiterated a “buy” rating and issued a $1,400.00 price target on shares of Alphabet Inc Class C in a research report on Tuesday, July 24th. Finally, Macquarie reiterated a “$1,205.50” rating on shares of Alphabet Inc Class C in a research report on Monday, July 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the company. Alphabet Inc Class C has a consensus rating of “Buy” and a consensus target price of $1,255.72.

In other Alphabet Inc Class C news, Director Ann Mather sold 24 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $1,100.00, for a total transaction of $26,400.00. Following the completion of the transaction, the director now owns 1,870 shares in the company, valued at $2,057,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Amie Thuener O’toole sold 73 shares of the business’s stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $1,135.82, for a total value of $82,914.86. Following the transaction, the vice president now owns 388 shares of the company’s stock, valued at approximately $440,698.16. The disclosure for this sale can be found here. Insiders have sold 88,362 shares of company stock valued at $105,611,408 in the last 90 days. Company insiders own 13.11% of the company’s stock.

Alphabet Inc Class C Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

Further Reading: Return on Investment (ROI) Defined, Explained

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc Class C (NASDAQ:GOOG).

Institutional Ownership by Quarter for Alphabet Inc Class C (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Inc Class C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc Class C and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit