Alphabet Inc (GOOG) Shares Sold by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC cut its stake in Alphabet Inc (NASDAQ:GOOG) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,240 shares of the information services provider’s stock after selling 60 shares during the quarter. Hardman Johnston Global Advisors LLC’s holdings in Alphabet were worth $19,412,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Investment Advisory Services LLC increased its position in Alphabet by 0.4% during the second quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock worth $230,000 after acquiring an additional 1 shares during the period. Capital Advantage Inc. increased its position in Alphabet by 0.4% during the second quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock worth $248,000 after acquiring an additional 1 shares during the period. Foster & Motley Inc. increased its position in Alphabet by 0.8% during the second quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after acquiring an additional 2 shares during the period. Saratoga Research & Investment Management increased its position in Alphabet by 1.2% during the second quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock worth $234,000 after acquiring an additional 3 shares during the period. Finally, Edge Wealth Management LLC increased its position in Alphabet by 0.9% during the second quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock worth $309,000 after acquiring an additional 3 shares during the period. 34.63% of the stock is currently owned by institutional investors.

Shares of Alphabet Inc (GOOG) opened at $1,086.40 on Friday. Alphabet Inc has a one year low of $785.02 and a one year high of $1,093.57. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The firm has a market cap of $757,970.00, a P/E ratio of 36.19 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share 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 for the quarter, compared to the consensus estimate of $27.17 billion. During the same period last year, the company posted $9.06 EPS. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year.

In other news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $993.58, for a total value of $3,974,320.00. Following the sale, the chief executive officer now directly owns 1,471 shares in the company, valued at approximately $1,461,556.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director L John Doerr sold 12,236 shares of Alphabet stock in a transaction that occurred on 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 in the company, valued at $3,560,171.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,900 shares of company stock worth $37,877,147. 13.92% of the stock is currently owned by corporate insiders.

A number of equities analysts recently commented on GOOG shares. UBS Group reaffirmed a “buy” rating and set a $1,080.00 price target on shares of Alphabet in a research report on Monday, September 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,050.00 price target on shares of Alphabet in a research report on Monday, September 11th. SunTrust Banks reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Saturday, September 23rd. Robert W. Baird reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Saturday, September 23rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Saturday, September 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirty-eight have given a buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and a consensus price target of $1,046.04.

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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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