Smith Asset Management Group LP decreased its position in shares of Alphabet Inc (NASDAQ:GOOG) by 20.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,987 shares of the information services provider’s stock after selling 8,600 shares during the period. Alphabet accounts for 1.1% of Smith Asset Management Group LP’s investment portfolio, making the stock its 26th biggest holding. Smith Asset Management Group LP’s holdings in Alphabet were worth $32,597,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its holdings in shares of Alphabet by 759.0% during the 2nd quarter. Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider’s stock worth $2,911,734,000 after purchasing an additional 2,831,099 shares during the period. Harbour Capital Advisors LLC increased its holdings in shares of Alphabet by 87,001.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock worth $2,194,000 after purchasing an additional 1,991,465 shares during the period. Koch Industries Inc. increased its holdings in shares of Alphabet by 214,636.6% during the 2nd quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider’s stock worth $1,160,000 after purchasing an additional 1,161,184 shares during the period. BlackRock Inc. increased its holdings in shares of Alphabet by 4.8% during the 2nd quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock worth $16,409,850,000 after purchasing an additional 826,480 shares during the period. Finally, Capital World Investors increased its stake in Alphabet by 13.9% in the second quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock valued at $5,789,842,000 after acquiring an additional 776,853 shares during the period. 34.65% of the stock is owned by hedge funds and other institutional investors.

In other news, Director L John Doerr sold 12,236 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the transaction, the director now directly owns 3,485 shares in the company, valued at $3,560,171.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $993.58, for a total transaction of $3,974,320.00. Following the transaction, the chief executive officer now owns 1,471 shares in the company, valued at $1,461,556.18. The disclosure for this sale can be found here. Insiders have sold 36,900 shares of company stock worth $37,877,147 over the last quarter. 13.92% of the stock is owned by company insiders.

A number of research firms recently weighed in on GOOG. Vetr cut shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 target price on the stock. in a research note on Wednesday, January 10th. SunTrust Banks upped their target price on shares of Alphabet to $1,250.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Cantor Fitzgerald reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Saturday, September 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $1,052.31.

Shares of Alphabet Inc (GOOG) opened at $1,122.26 on Tuesday. 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 cap of $782,650.00, a PE ratio of 37.38 and a beta of 0.94. Alphabet Inc has a 52 week low of $790.52 and a 52 week high of $1,124.29.

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

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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