Exxonmobil Investment Management Inc. TX lowered its position in Alphabet Inc. (NASDAQ:GOOG) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,452 shares of the company’s stock after selling 1,002 shares during the period. Alphabet makes up approximately 1.2% of Exxonmobil Investment Management Inc. TX’s investment portfolio, making the stock its 13th largest position. Exxonmobil Investment Management Inc. TX’s holdings in Alphabet were worth $58,648,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Alphabet by 1.2% in the second quarter. Vanguard Group Inc. now owns 18,237,076 shares of the company’s stock worth $12,621,879,000 after buying an additional 221,141 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Alphabet by 0.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,758,701 shares of the company’s stock valued at $5,369,797,000 after buying an additional 64,853 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Alphabet by 1.3% in the second quarter. BlackRock Fund Advisors now owns 3,765,984 shares of the company’s stock valued at $2,606,438,000 after buying an additional 47,436 shares in the last quarter. Janus Capital Management LLC boosted its stake in Alphabet by 1.4% in the second quarter. Janus Capital Management LLC now owns 3,527,197 shares of the company’s stock valued at $2,441,123,000 after buying an additional 49,943 shares in the last quarter. Finally, Capital World Investors boosted its stake in Alphabet by 5.5% in the second quarter. Capital World Investors now owns 3,394,165 shares of the company’s stock valued at $2,349,102,000 after buying an additional 176,954 shares in the last quarter. Institutional investors own 34.27% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Shares of Alphabet Inc. (NASDAQ:GOOG) traded up 1.4619% on Monday, reaching $772.8149. The company’s stock had a trading volume of 1,345,082 shares. The stock has a market capitalization of $532.65 billion, a PE ratio of 28.2854 and a beta of 1.01. Alphabet Inc. has a 1-year low of $663.06 and a 1-year high of $816.68. The stock has a 50-day moving average of $778.79 and a 200 day moving average of $751.79.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 27th. The company reported $9.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $8.62 by $0.44. The firm earned $22.45 billion during the quarter, compared to analyst estimates of $13.17 billion. Alphabet had a return on equity of 15.08% and a net margin of 22.29%. Alphabet’s revenue was up 20.2% compared to the same quarter last year. During the same period last year, the business posted $7.35 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post $34.42 EPS for the current year.

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Several equities research analysts recently commented on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $900.00 price target on shares of Alphabet in a report on Monday, October 24th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $1,025.00 price target on shares of Alphabet in a report on Wednesday, October 26th. Vetr cut Alphabet from a “buy” rating to a “hold” rating and set a $829.20 price target for the company. in a report on Wednesday, October 19th. Nomura reaffirmed an “outperform” rating and issued a $925.00 price target on shares of Alphabet in a report on Monday, October 24th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $970.00 target price on shares of Alphabet in a research note on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and forty-four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $940.42.

In other Alphabet news, CEO Lawrence Page sold 16,670 shares of Alphabet stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $827.79, for a total transaction of $13,799,259.30. Following the completion of the sale, the chief executive officer now directly owns 105,670 shares of the company’s stock, valued at approximately $87,472,569.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $756.63, for a total value of $3,026,520.00. Following the sale, the chief executive officer now directly owns 42,779 shares of the company’s stock, valued at $32,367,874.77. The disclosure for this sale can be found here. 13.92% of the stock is owned by corporate insiders.

About Alphabet

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

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