Community Trust & Investment Co. Has $36.09 Million Stake in Alphabet Inc (GOOG)

Community Trust & Investment Co. increased its stake in Alphabet Inc (NASDAQ:GOOG) by 1.9% in the third quarter, Holdings Channel reports. The fund owned 37,627 shares of the information services provider’s stock after purchasing an additional 697 shares during the period. Alphabet makes up about 3.9% of Community Trust & Investment Co.’s portfolio, making the stock its 3rd biggest position. Community Trust & Investment Co.’s holdings in Alphabet were worth $36,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Burt Wealth Advisors grew its holdings in shares of Alphabet by 17.2% during the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after acquiring an additional 20 shares during the period. Signature Estate & Investment Advisors LLC grew its holdings in shares of Alphabet by 3.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after acquiring an additional 5 shares during the period. Archford Capital Strategies LLC grew its holdings in shares of Alphabet by 400.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after acquiring an additional 832 shares during the period. Almanack Investment Partners LLC. grew its holdings in shares of Alphabet by 4.5% during the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after acquiring an additional 7 shares during the period. Finally, St. Johns Investment Management Company LLC grew its holdings in shares of Alphabet by 1,046.7% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after acquiring an additional 157 shares during the period. 34.65% of the stock is owned by institutional investors.

In related news, Director Ann Mather sold 38 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total value of $38,653.98. Following the transaction, the director now directly owns 1,805 shares of the company’s stock, valued at approximately $1,836,064.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $1,127.17, for a total value of $4,508,680.00. Following the completion of the transaction, the chief executive officer now directly owns 656 shares in the company, valued at $739,423.52. The disclosure for this sale can be found here. Insiders have sold a total of 36,900 shares of company stock worth $38,411,507 over the last three months. Insiders own 13.92% of the company’s stock.

GOOG has been the topic of a number of research analyst reports. Wells Fargo & Co reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. UBS Group restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Societe Generale restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Vetr downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 price target on the stock. in a research note on Thursday, December 7th. Finally, Oppenheimer restated an “outperform” rating on shares of Alphabet in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,052.31.

Alphabet Inc (GOOG) opened at $1,129.79 on Friday. The firm has a market capitalization of $786,500.88, a price-to-earnings ratio of 37.82 and a beta of 0.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc has a twelve month low of $790.52 and a twelve month high of $1,139.91.

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

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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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