Fulton Breakefield Broenniman LLC lessened its stake in Alphabet Inc (NASDAQ:GOOG) by 6.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 705 shares of the information services provider’s stock after selling 46 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Alphabet were worth $943,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its holdings in Alphabet by 6,515.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,039,672 shares of the information services provider’s stock valued at $3,285,612,000 after buying an additional 2,993,722 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Alphabet by 6.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,480,467 shares of the information services provider’s stock worth $12,409,352,000 after acquiring an additional 674,924 shares during the period. BlackRock Inc. lifted its holdings in shares of Alphabet by 3.1% during the 2nd quarter. BlackRock Inc. now owns 20,205,186 shares of the information services provider’s stock worth $21,839,988,000 after acquiring an additional 612,804 shares during the period. Vanguard Group Inc. boosted its position in shares of Alphabet by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 22,708,312 shares of the information services provider’s stock valued at $24,545,641,000 after acquiring an additional 259,979 shares in the last quarter. Finally, Generation Investment Management LLP boosted its position in shares of Alphabet by 24.5% during the 3rd quarter. Generation Investment Management LLP now owns 1,142,934 shares of the information services provider’s stock valued at $1,393,237,000 after acquiring an additional 224,907 shares in the last quarter. Institutional investors and hedge funds own 33.79% of the company’s stock.

In other Alphabet news, CAO Amie Thuener O’toole sold 54 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $1,276.45, for a total value of $68,928.30. Following the completion of the sale, the chief accounting officer now owns 388 shares in the company, valued at approximately $495,262.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 25 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $1,265.00, for a total transaction of $31,625.00. Following the completion of the transaction, the director now directly owns 1,823 shares of the company’s stock, valued at $2,306,095. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,344,673 shares of company stock valued at $316,380,721. Corporate insiders own 12.99% of the company’s stock.

Shares of NASDAQ GOOG traded down $8.35 during mid-day trading on Tuesday, hitting $1,430.88. 1,558,885 shares of the stock were exchanged, compared to its average volume of 1,544,639. Alphabet Inc has a twelve month low of $1,025.00 and a twelve month high of $1,441.80. The stock’s fifty day simple moving average is $1,353.81 and its two-hundred day simple moving average is $1,246.11. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78. The company has a market cap of $986.06 billion, a P/E ratio of 30.12, a PEG ratio of 1.56 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the consensus estimate of $12.57 by ($2.45). The business had revenue of $40.50 billion during the quarter, compared to analyst estimates of $40.17 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The firm’s revenue was up 20.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $13.06 earnings per share. As a group, equities research analysts predict that Alphabet Inc will post 49.03 earnings per share for the current fiscal year.

Several research firms recently issued reports on GOOG. Barclays reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, October 29th. Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research note on Monday, October 28th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, October 29th. Guggenheim upped their price objective on Alphabet from $1,425.00 to $1,525.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Piper Jaffray Companies assumed coverage on Alphabet in a report on Tuesday, December 3rd. They issued an “overweight” rating and a $1,500.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twenty-three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $1,486.44.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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