Mayo Investment Advisers LLC Sells 975 Shares of Alphabet Inc (GOOG)

Mayo Investment Advisers LLC trimmed its holdings in Alphabet Inc (NASDAQ:GOOG) by 35.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,798 shares of the information services provider’s stock after selling 975 shares during the period. Mayo Investment Advisers LLC’s holdings in Alphabet were worth $1,634,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GOOG. Blue Fin Capital Inc. boosted its holdings in shares of Alphabet by 0.3% during the 1st quarter. Blue Fin Capital Inc. now owns 1,561 shares of the information services provider’s stock worth $1,295,000 after buying an additional 5 shares during the period. Winch Advisory Services LLC boosted its holdings in shares of Alphabet by 7.6% during the 1st quarter. Winch Advisory Services LLC now owns 4,091 shares of the information services provider’s stock worth $3,394,000 after buying an additional 289 shares during the period. OLD National Bancorp IN boosted its holdings in shares of Alphabet by 0.5% during the 1st quarter. OLD National Bancorp IN now owns 4,669 shares of the information services provider’s stock worth $3,873,000 after buying an additional 21 shares during the period. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Alphabet by 4.1% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 93,288 shares of the information services provider’s stock worth $77,388,000 after buying an additional 3,691 shares during the period. Finally, C WorldWide Group Holding A S boosted its holdings in shares of Alphabet by 11.4% during the 1st quarter. C WorldWide Group Holding A S now owns 491,269 shares of the information services provider’s stock worth $407,537,000 after buying an additional 50,375 shares during the period. 34.74% of the stock is owned by institutional investors.

Several analysts recently issued reports on the stock. SunTrust Banks assumed coverage on shares of Alphabet in a report on Wednesday, August 16th. They set a “buy” rating and a $1,100.00 price objective for the company. MKM Partners reaffirmed a “buy” rating and set a $1,210.00 price objective (up from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. BidaskClub downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Robert W. Baird reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Alphabet in a report on Saturday, September 23rd. Finally, JMP Securities reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $1,047.96.

Alphabet Inc (NASDAQ:GOOG) opened at $1,018.38 on Thursday. Alphabet Inc has a one year low of $755.80 and a one year high of $1,062.38. The stock has a market cap of $693,883.88, a price-to-earnings ratio of 33.43 and a beta of 0.93. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

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

In related news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $958.40, for a total transaction of $3,833,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director L John Doerr sold 12,236 shares of the stock in a transaction dated 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 sale, the director now owns 3,485 shares of the company’s stock, valued at approximately $3,560,171.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,396 shares of company stock valued at $38,242,981. Corporate insiders own 13.92% of the company’s stock.

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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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