Alphabet Inc Class C (NASDAQ:GOOG) is Violich Capital Management Inc.’s 3rd Largest Position

Violich Capital Management Inc. lessened its holdings in shares of Alphabet Inc Class C (NASDAQ:GOOG) by 0.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,735 shares of the information services provider’s stock after selling 124 shares during the period. Alphabet Inc Class C accounts for about 5.2% of Violich Capital Management Inc.’s portfolio, making the stock its 3rd largest position. Violich Capital Management Inc.’s holdings in Alphabet Inc Class C were worth $19,331,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Cetera Advisors LLC lifted its stake in shares of Alphabet Inc Class C by 6.3% during the first quarter. Cetera Advisors LLC now owns 5,149 shares of the information services provider’s stock valued at $5,181,000 after acquiring an additional 303 shares during the period. MainStreet Investment Advisors LLC acquired a new position in Alphabet Inc Class C in the fourth quarter valued at about $1,219,000. Rockefeller Capital Management L.P. acquired a new position in Alphabet Inc Class C in the first quarter valued at about $182,757,000. IFG Advisory LLC acquired a new position in Alphabet Inc Class C in the fourth quarter valued at about $1,900,000. Finally, Elite Wealth Management Inc. acquired a new position in Alphabet Inc Class C in the fourth quarter valued at about $1,151,000. Institutional investors own 34.28% of the company’s stock.

Shares of Alphabet Inc Class C traded down $11.49, reaching $1,237.61, during mid-day trading on Friday, according to MarketBeat. 1,100,538 shares of the company’s stock were exchanged, compared to its average volume of 1,644,928. The firm has a market cap of $869.31 billion, a P/E ratio of 30.50 and a beta of 1.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13. Alphabet Inc Class C has a twelve month low of $903.40 and a twelve month high of $1,273.89.

Alphabet Inc Class C (NASDAQ:GOOG) last released its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping the Zacks’ consensus estimate of $9.66 by $2.09. The company had revenue of $32.66 billion for the quarter, compared to analyst estimates of $32.13 billion. Alphabet Inc Class C had a return on equity of 18.24% and a net margin of 13.16%. Alphabet Inc Class C’s revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm posted $5.01 earnings per share.

Several equities analysts have weighed in on the company. Piper Jaffray Companies reissued a “buy” rating and issued a $1,400.00 target price on shares of Alphabet Inc Class C in a research note on Tuesday, July 24th. Robert W. Baird reissued a “buy” rating on shares of Alphabet Inc Class C in a research note on Tuesday, July 24th. BidaskClub lowered Alphabet Inc Class C from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 3rd. Raymond James reissued an “outperform” rating and issued a $1,405.00 target price (up previously from $1,240.00) on shares of Alphabet Inc Class C in a research note on Tuesday, July 24th. Finally, Atlantic Securities reissued a “buy” rating on shares of Alphabet Inc Class C in a research note on Tuesday, July 24th. Two analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Alphabet Inc Class C has a consensus rating of “Buy” and an average target price of $1,245.96.

In related news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $1,077.94, for a total transaction of $4,311,760.00. Following the completion of the transaction, the chief executive officer now directly owns 601 shares in the company, valued at $647,841.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Amie Thuener O’toole sold 72 shares of the stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $1,122.33, for a total value of $80,807.76. Following the transaction, the vice president now owns 388 shares of the company’s stock, valued at $435,464.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,670 shares of company stock valued at $96,074,702. 13.11% of the stock is owned by corporate insiders.

About Alphabet Inc Class C

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet Inc Class C (NASDAQ:GOOG)

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