Alphabet Inc (GOOG) Holdings Trimmed by Sei Investments Co.

Sei Investments Co. lessened its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,791 shares of the information services provider’s stock after selling 3,838 shares during the period. Alphabet comprises approximately 0.8% of Sei Investments Co.’s holdings, making the stock its 17th largest holding. Sei Investments Co.’s holdings in Alphabet were worth $212,151,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Trust Co. of Virginia VA lifted its position in Alphabet by 7.2% in the 2nd quarter. Trust Co. of Virginia VA now owns 614 shares of the information services provider’s stock valued at $685,000 after acquiring an additional 41 shares in the last quarter. Good Life Advisors LLC raised its stake in Alphabet by 8.7% during the 2nd quarter. Good Life Advisors LLC now owns 526 shares of the information services provider’s stock valued at $580,000 after buying an additional 42 shares during the last quarter. Lakeview Capital Partners LLC raised its stake in Alphabet by 11.0% during the 2nd quarter. Lakeview Capital Partners LLC now owns 423 shares of the information services provider’s stock valued at $472,000 after buying an additional 42 shares during the last quarter. Belpointe Asset Management LLC raised its stake in Alphabet by 2.1% during the 2nd quarter. Belpointe Asset Management LLC now owns 2,099 shares of the information services provider’s stock valued at $2,342,000 after buying an additional 43 shares during the last quarter. Finally, Evermay Wealth Management LLC raised its stake in Alphabet by 10.1% during the 2nd quarter. Evermay Wealth Management LLC now owns 478 shares of the information services provider’s stock valued at $533,000 after buying an additional 44 shares during the last quarter. Institutional investors own 42.14% of the company’s stock.

In other Alphabet news, CEO Sundar Pichai sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $1,038.35, for a total value of $10,383,500.00. Following the completion of the sale, the chief executive officer now directly owns 519 shares in the company, valued at $538,903.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 194 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $1,120.68, for a total transaction of $217,411.92. Following the completion of the sale, the director now owns 1,797 shares of the company’s stock, valued at $2,013,861.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,897 shares of company stock worth $64,948,799. 13.11% of the stock is currently owned by corporate insiders.

Shares of NASDAQ GOOG opened at $1,120.16 on Thursday. The stock has a market capitalization of $780.34 billion, a price-to-earnings ratio of 23.05 and a beta of 1.06. Alphabet Inc has a 1 year low of $970.11 and a 1 year high of $1,273.89. The company has a quick ratio of 3.89, a current ratio of 3.92 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping the Zacks’ consensus estimate of $10.86 by $1.91. The business had revenue of $39.28 billion for the quarter, compared to analyst estimates of $38.91 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period last year, the company posted $9.70 earnings per share.

A number of equities research analysts have weighed in on the stock. Raymond James reiterated an “outperform” rating and set a $1,300.00 target price (down from $1,405.00) on shares of Alphabet in a research note on Friday, October 26th. Nomura restated a “buy” rating on shares of Alphabet in a research note on Tuesday, December 4th. Barclays restated a “buy” rating on shares of Alphabet in a research note on Friday, October 26th. DZ Bank restated a “buy” rating on shares of Alphabet in a research note on Thursday, October 18th. Finally, Wedbush started coverage on Alphabet in a research note on Wednesday, October 17th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-nine have issued a buy rating to the company. Alphabet presently has an average rating of “Buy” and an average target price of $1,327.66.

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Alphabet Profile

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 (NASDAQ:GOOG)

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