Ballentine Partners LLC Has $2.15 Million Stake in Alphabet Inc (GOOG)

Ballentine Partners LLC decreased its position in Alphabet Inc (NASDAQ:GOOG) by 55.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,238 shares of the information services provider’s stock after selling 2,811 shares during the quarter. Ballentine Partners LLC’s holdings in Alphabet were worth $2,147,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Burt Wealth Advisors lifted its position in 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 buying an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its position in 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 buying an additional 5 shares in the last quarter. Archford Capital Strategies LLC lifted its position in 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 buying an additional 832 shares in the last quarter. Almanack Investment Partners LLC. lifted its position in 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 buying an additional 7 shares in the last quarter. Finally, St. Johns Investment Management Company LLC lifted its position in 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 buying an additional 157 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director L John Doerr sold 12,236 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the completion of the sale, the director now directly owns 3,485 shares of the company’s stock, valued at approximately $3,560,171.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 38 shares of the 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 $38,653.98. Following the sale, the director now directly owns 1,805 shares of the company’s stock, valued at $1,836,064.05. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock worth $38,411,507 over the last quarter. 13.92% of the stock is currently owned by corporate insiders.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,137.51 on Friday. The firm has a market cap of $797,830.00, a P/E ratio of 37.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc has a 52-week low of $790.52 and a 52-week high of $1,139.91.

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

GOOG has been the topic of several research reports. Deutsche Bank reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, October 25th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,067.64 price target on the stock. in a research report on Monday, November 20th. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 20th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,052.31.

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Alphabet 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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