Alphabet Inc (GOOG) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. trimmed its position in shares of Alphabet Inc (NASDAQ:GOOG) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 840,783 shares of the information services provider’s stock after selling 4,410 shares during the period. Alphabet accounts for approximately 1.3% of Prudential Financial Inc.’s portfolio, making the stock its 4th largest holding. Prudential Financial Inc. owned 0.12% of Alphabet worth $806,404,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Burt Wealth Advisors raised its position in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its stake in shares of Alphabet by 3.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after buying an additional 5 shares during the last quarter. Archford Capital Strategies LLC grew its stake in shares of Alphabet by 400.0% during the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after buying an additional 832 shares during the last quarter. Almanack Investment Partners LLC. grew its stake in shares of Alphabet by 4.5% during the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after buying an additional 7 shares during the last quarter. Finally, St. Johns Investment Management Company LLC grew its stake in shares of Alphabet by 1,046.7% during the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after buying an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Alphabet Inc (NASDAQ:GOOG) opened at $1,137.51 on Friday. 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 one year low of $790.52 and a one year high of $1,139.91. The company has a market cap of $790,343.13, a PE ratio of 38.08 and a beta of 0.93.

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

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were 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 owns 656 shares of the company’s stock, valued at $739,423.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $1,048.34, for a total transaction of $191,846.22. The disclosure for this sale can be found here. Insiders have sold 36,900 shares of company stock valued at $38,411,507 in the last three months. 13.92% of the stock is currently owned by corporate insiders.

GOOG has been the topic of several recent analyst reports. Morgan Stanley restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 20th. Wells Fargo & Co reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 6th. Piper Jaffray Companies reiterated an “overweight” rating and set a $1,150.00 target price on shares of Alphabet in a report on Thursday, October 19th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $1,052.31.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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