Integrated Advisors Network LLC Sells 130 Shares of Alphabet Inc. (NASDAQ:GOOG)

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Integrated Advisors Network LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,370 shares of the information services provider’s stock after selling 130 shares during the period. Integrated Advisors Network LLC’s holdings in Alphabet were worth $2,013,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GOOG. BlackRock Inc. lifted its stake in Alphabet by 0.4% during the second quarter. BlackRock Inc. now owns 20,335,553 shares of the information services provider’s stock worth $28,746,541,000 after purchasing an additional 71,328 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Alphabet by 10.1% during the second quarter. Bank of New York Mellon Corp now owns 3,723,037 shares of the information services provider’s stock worth $5,262,923,000 after purchasing an additional 340,937 shares during the last quarter. Swiss National Bank lifted its stake in Alphabet by 1.1% during the second quarter. Swiss National Bank now owns 1,213,596 shares of the information services provider’s stock worth $1,715,551,000 after purchasing an additional 13,600 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Alphabet by 5.4% during the second quarter. Principal Financial Group Inc. now owns 785,123 shares of the information services provider’s stock worth $1,109,860,000 after purchasing an additional 40,159 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in Alphabet by 101.3% during the second quarter. Nordea Investment Management AB now owns 669,872 shares of the information services provider’s stock worth $930,532,000 after purchasing an additional 337,121 shares during the last quarter. 32.42% of the stock is owned by institutional investors.

GOOG has been the topic of several analyst reports. UBS Group reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 30th. Oppenheimer reiterated a “buy” rating and issued a $1,800.00 price objective on shares of Alphabet in a report on Friday, October 30th. Barclays lifted their price objective on Alphabet from $1,800.00 to $1,900.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 30th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, October 20th. Three research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $1,786.86.

In other news, Director Ann Mather sold 22 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $1,484.27, for a total value of $32,653.94. Following the sale, the director now directly owns 1,134 shares of the company’s stock, valued at approximately $1,683,162.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 60 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $1,473.43, for a total value of $88,405.80. Following the completion of the sale, the director now directly owns 548 shares in the company, valued at $807,439.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 162 shares of company stock worth $245,920. Insiders own 12.99% of the company’s stock.

Shares of GOOG stock traded down $11.78 during midday trading on Tuesday, reaching $1,769.60. 11,451 shares of the stock were exchanged, compared to its average volume of 1,951,778. Alphabet Inc. has a 1 year low of $1,013.54 and a 1 year high of $1,818.06. The company’s 50 day moving average is $1,598.14 and its two-hundred day moving average is $1,506.21. The company has a current ratio of 3.41, a quick ratio of 3.39 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1,204.97 billion, a PE ratio of 34.42, a price-to-earnings-growth ratio of 2.04 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, November 3rd. The information services provider reported $16.40 earnings per share for the quarter, topping analysts’ consensus estimates of $11.35 by $5.05. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. The firm had revenue of $46.17 billion for the quarter, compared to the consensus estimate of $42.84 billion. During the same quarter in the prior year, the business earned $10.12 EPS. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, equities analysts expect that Alphabet Inc. will post 50.53 EPS for the current fiscal year.

Alphabet 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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