Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Kathmere Capital Management LLC

Kathmere Capital Management LLC cut its position in Alphabet Inc. (NASDAQ:GOOG) by 11.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 363 shares of the information services provider’s stock after selling 49 shares during the quarter. Kathmere Capital Management LLC’s holdings in Alphabet were worth $968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Canton Hathaway LLC lifted its position in Alphabet by 5.3% during the 3rd quarter. Canton Hathaway LLC now owns 2,035 shares of the information services provider’s stock worth $5,424,000 after acquiring an additional 102 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in shares of Alphabet by 5.2% during the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 710 shares of the information services provider’s stock worth $1,892,000 after buying an additional 35 shares in the last quarter. Winthrop Advisory Group LLC raised its stake in shares of Alphabet by 1.5% during the 3rd quarter. Winthrop Advisory Group LLC now owns 666 shares of the information services provider’s stock worth $1,775,000 after buying an additional 10 shares in the last quarter. Becker Capital Management Inc. raised its stake in shares of Alphabet by 3.7% during the 3rd quarter. Becker Capital Management Inc. now owns 1,393 shares of the information services provider’s stock worth $3,713,000 after buying an additional 50 shares in the last quarter. Finally, Appleton Partners Inc. MA raised its stake in shares of Alphabet by 0.7% during the 3rd quarter. Appleton Partners Inc. MA now owns 7,949 shares of the information services provider’s stock worth $21,187,000 after buying an additional 53 shares in the last quarter. 31.26% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:GOOG traded down $0.79 during trading hours on Thursday, hitting $2,934.35. The stock had a trading volume of 823,203 shares, compared to its average volume of 1,279,240. The company has a current ratio of 2.98, a quick ratio of 2.96 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 1-year low of $1,699.00 and a 1-year high of $3,037.00. The business has a 50 day simple moving average of $2,859.80 and a two-hundred day simple moving average of $2,705.14. The company has a market cap of $1.95 trillion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 1.07 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, October 25th. The information services provider reported $27.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $23.13 by $4.86. Alphabet had a net margin of 29.52% and a return on equity of 30.22%. The company had revenue of $65.12 billion during the quarter, compared to the consensus estimate of $63.35 billion. During the same quarter last year, the company earned $16.40 earnings per share. Alphabet’s revenue for the quarter was up 41.0% on a year-over-year basis. Research analysts expect that Alphabet Inc. will post 107.86 EPS for the current fiscal year.

GOOG has been the subject of a number of analyst reports. Susquehanna Bancshares increased their target price on Alphabet from $3,100.00 to $3,600.00 and gave the stock a “positive” rating in a research note on Wednesday, July 28th. Stifel Nicolaus increased their target price on Alphabet from $2,700.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. UBS Group reissued a “buy” rating and set a $3,190.00 target price on shares of Alphabet in a research note on Tuesday, August 10th. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $3,089.00 target price for the company in a research note on Thursday, October 14th. Finally, JPMorgan Chase & Co. increased their target price on Alphabet from $2,875.00 to $3,250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 28th. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $3,178.21.

In other news, CEO Sundar Pichai sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $2,925.63, for a total transaction of $8,776,890.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction that occurred on Tuesday, September 7th. The shares were sold at an average price of $3,802.28, for a total transaction of $760,456.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 222,928 shares of company stock valued at $501,867,436. Company insiders own 12.99% of the company’s stock.

Alphabet Profile

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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