Alphabet Inc (NASDAQ:GOOG) Shares Sold by SVA Wealth Management LLC

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SVA Wealth Management LLC lessened its position in Alphabet Inc (NASDAQ:GOOG) by 17.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,715 shares of the information services provider’s stock after selling 770 shares during the period. SVA Wealth Management LLC’s holdings in Alphabet were worth $4,016,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Alphabet by 3.1% during the 2nd quarter. BlackRock Inc. now owns 20,205,186 shares of the information services provider’s stock worth $21,839,988,000 after acquiring an additional 612,804 shares during the last quarter. Lunia Capital LP raised its position in Alphabet by 135,522.5% during the 4th quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock valued at $16,870,000 after purchasing an additional 16,857,647 shares during the last quarter. Northern Trust Corp raised its position in Alphabet by 0.8% during the 2nd quarter. Northern Trust Corp now owns 4,199,889 shares of the information services provider’s stock valued at $4,539,702,000 after purchasing an additional 31,873 shares during the last quarter. Baillie Gifford & Co. raised its position in Alphabet by 1.4% during the 2nd quarter. Baillie Gifford & Co. now owns 2,333,098 shares of the information services provider’s stock valued at $2,521,869,000 after purchasing an additional 32,481 shares during the last quarter. Finally, Jennison Associates LLC raised its position in Alphabet by 4.3% during the 4th quarter. Jennison Associates LLC now owns 1,871,132 shares of the information services provider’s stock valued at $1,937,763,000 after purchasing an additional 76,345 shares during the last quarter. 33.97% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director John L. Hennessy sold 75 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,200.00, for a total transaction of $90,000.00. Following the completion of the transaction, the director now owns 310 shares in the company, valued at approximately $372,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 27 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $1,213.14, for a total transaction of $32,754.78. Following the transaction, the director now owns 1,803 shares of the company’s stock, valued at approximately $2,187,291.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,744 shares of company stock valued at $4,480,345. Insiders own 12.99% of the company’s stock.

Shares of GOOG stock traded up $5.31 during mid-day trading on Friday, hitting $1,239.56. 1,146,976 shares of the stock were exchanged, compared to its average volume of 1,149,731. The firm has a fifty day moving average of $1,191.99 and a 200 day moving average of $1,163.91. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 52-week low of $970.11 and a 52-week high of $1,289.27. The company has a market cap of $855.83 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 1.45 and a beta of 0.98.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping the consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The firm had revenue of $38.94 billion during the quarter, compared to the consensus estimate of $38.21 billion. During the same quarter in the prior year, the firm earned $11.75 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. Equities analysts predict that Alphabet Inc will post 51.48 EPS for the current year.

A number of equities analysts have recently issued reports on the company. Cowen raised their price target on Alphabet from $1,400.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Deutsche Bank boosted their price target on Alphabet from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a report on Thursday, August 15th. UBS Group reiterated a “buy” rating on shares of Alphabet in a report on Friday, July 26th. Credit Suisse Group boosted their price target on Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Oppenheimer boosted their price target on Alphabet from $1,342.00 to $1,370.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,378.93.

About Alphabet

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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