Alphabet Inc (GOOG) Position Lowered by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lessened its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 8.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,270 shares of the information services provider’s stock after selling 899 shares during the quarter. Alphabet makes up 1.5% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 14th biggest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Alphabet were worth $9,850,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ramsay Stattman Vela & Price Inc. raised its holdings in Alphabet by 4.1% in the third quarter. Ramsay Stattman Vela & Price Inc. now owns 4,213 shares of the information services provider’s stock worth $4,041,000 after purchasing an additional 167 shares in the last quarter. Brightworth raised its holdings in Alphabet by 176.8% in the third quarter. Brightworth now owns 775 shares of the information services provider’s stock worth $743,000 after purchasing an additional 495 shares in the last quarter. Investment Partners Ltd. OH ADV bought a new position in Alphabet in the third quarter worth $210,000. Zevin Asset Management LLC raised its holdings in Alphabet by 1.5% in the third quarter. Zevin Asset Management LLC now owns 15,663 shares of the information services provider’s stock worth $15,023,000 after purchasing an additional 235 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. bought a new position in Alphabet in the third quarter worth $28,387,000. Institutional investors own 34.63% of the company’s stock.

GOOG has been the subject of a number of research reports. UBS Group reiterated a “buy” rating and issued a $1,080.00 price objective on shares of Alphabet in a report on Monday, September 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Monday, September 11th. SunTrust Banks reiterated a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a report on Saturday, September 23rd. Robert W. Baird reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Alphabet in a report on Saturday, September 23rd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $1,100.00 price target on shares of Alphabet in a report on Saturday, September 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirty-eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $1,046.04.

Shares of Alphabet Inc (NASDAQ GOOG) opened at $1,086.40 on Friday. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet Inc has a 12-month low of $785.02 and a 12-month high of $1,093.57. The company has a market capitalization of $757,970.00, a price-to-earnings ratio of 36.19 and a beta of 0.94.

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

In other Alphabet news, Director L John Doerr sold 12,236 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 3,485 shares of the company’s stock, valued at $3,560,171.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $993.58, for a total value of $3,974,320.00. Following the completion of the transaction, the chief executive officer now directly 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 ninety days. 13.92% of the stock is currently owned by insiders.

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About Alphabet

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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