Boston Financial Mangement LLC Lowers Stake in Alphabet Inc (GOOG)

Boston Financial Mangement LLC cut its position in shares of Alphabet Inc (NASDAQ:GOOG) by 9.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,235 shares of the information services provider’s stock after selling 1,038 shares during the period. Boston Financial Mangement LLC’s holdings in Alphabet were worth $9,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd bought a new stake in Alphabet in the first quarter valued at $238,000. Good Life Advisors LLC grew its position in Alphabet by 56.0% in the first quarter. Good Life Advisors LLC now owns 415 shares of the information services provider’s stock valued at $343,000 after acquiring an additional 149 shares during the period. QUANTRES ASSET MANAGEMENT Ltd grew its position in Alphabet by 25.0% in the first quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 2,000 shares of the information services provider’s stock valued at $1,659,000 after acquiring an additional 400 shares during the period. Legal & General Group Plc grew its position in Alphabet by 4.3% in the first quarter. Legal & General Group Plc now owns 1,359,262 shares of the information services provider’s stock valued at $1,127,590,000 after acquiring an additional 55,875 shares during the period. Finally, Harbor Advisors LLC bought a new stake in Alphabet in the first quarter valued at $830,000. Institutional investors and hedge funds own 34.63% of the company’s stock.

Alphabet Inc (NASDAQ:GOOG) opened at $1,102.23 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. The stock has a market capitalization of $769,110.00, a PE ratio of 36.72 and a beta of 0.94. Alphabet Inc has a fifty-two week low of $785.02 and a fifty-two week high of $1,104.25.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data 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. The business had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. Alphabet’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the company earned $9.06 earnings per share.

GOOG has been the topic of a number of recent analyst reports. UBS Group reissued a “buy” rating and issued a $1,080.00 price objective on shares of Alphabet in a research note on Monday, September 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $1,050.00 price objective on shares of Alphabet in a research note on Monday, September 11th. SunTrust Banks reissued a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a research note on Saturday, September 23rd. Robert W. Baird reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Alphabet in a research note on Saturday, September 23rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $1,100.00 price objective 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 and thirty-eight have issued a buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and a consensus price target of $1,046.04.

In other Alphabet news, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total value of $186,149.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were 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 owns 1,471 shares of the company’s stock, valued at $1,461,556.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,900 shares of company stock valued at $37,877,147. 13.92% of the stock is owned by corporate insiders.

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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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