Thompson Investment Management Inc. reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 316 shares of the information services provider’s stock after selling 8 shares during the period. Thompson Investment Management Inc.’s holdings in Alphabet were worth $287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Riggs Asset Managment Co. Inc. grew its holdings in shares of Alphabet by 39.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock worth $128,000 after purchasing an additional 40 shares during the last quarter. Farmers National Bank grew its holdings in shares of Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after purchasing an additional 21 shares during the last quarter. St. Johns Investment Management Company LLC grew its holdings in shares of Alphabet by 1,046.7% in the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after purchasing an additional 157 shares during the last quarter. Catamount Wealth Management grew its holdings in shares of Alphabet by 5.8% in the second quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock worth $165,000 after purchasing an additional 10 shares during the last quarter. Finally, Cribstone Capital Management LLC grew its holdings in shares of Alphabet by 5.7% in the second quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock worth $167,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 34.43% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This article was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/11/20/thompson-investment-management-inc-sells-8-shares-of-alphabet-inc-goog.html.

Several brokerages have recently issued reports on GOOG. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Canaccord Genuity restated a “hold” rating and issued a $1,000.00 target price on shares of Alphabet in a report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, B. Riley restated a “buy” rating and issued a $1,050.00 target price (up previously from $1,032.00) on shares of Alphabet in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have given a buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,047.52.

Alphabet Inc. (GOOG) opened at $1,019.09 on Monday. Alphabet Inc. has a 12-month low of $737.02 and a 12-month high of $1,048.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The firm has a market capitalization of $708,064.81, a PE ratio of 34.12 and a beta of 0.95.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share 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 firm had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $27.17 billion. During the same period in the previous year, the firm earned $9.06 EPS. The business’s quarterly revenue was up 23.7% on a year-over-year basis.

In related news, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $933.08, for a total value of $170,753.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director L John Doerr sold 12,236 shares of the business’s 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 value of $12,499,930.52. Following the completion of the transaction, the director now directly owns 3,485 shares in the company, valued at $3,560,171.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,394 shares of company stock worth $37,937,930. Insiders own 13.92% of the company’s stock.

Alphabet Company 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.

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. (NASDAQ:GOOG).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Stock Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related stocks with our FREE daily email newsletter.