Winslow Capital Management LLC Sells 9,868 Shares of Alphabet Inc (GOOG)

Winslow Capital Management LLC trimmed its position in shares of Alphabet Inc (NASDAQ:GOOG) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 449,029 shares of the information services provider’s stock after selling 9,868 shares during the period. Alphabet comprises approximately 2.7% of Winslow Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Winslow Capital Management LLC owned about 0.06% of Alphabet worth $535,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in GOOG. Garner Asset Management Corp increased its position in Alphabet by 27.8% during the third quarter. Garner Asset Management Corp now owns 993 shares of the information services provider’s stock worth $1,185,000 after buying an additional 216 shares during the last quarter. Rice Partnership LLC increased its position in Alphabet by 21.7% during the second quarter. Rice Partnership LLC now owns 544 shares of the information services provider’s stock worth $607,000 after buying an additional 97 shares during the last quarter. Jennison Associates LLC increased its position in Alphabet by 8.0% during the third quarter. Jennison Associates LLC now owns 1,794,787 shares of the information services provider’s stock worth $2,142,024,000 after buying an additional 132,781 shares during the last quarter. Schmidt P J Investment Management Inc. increased its position in Alphabet by 1.5% during the third quarter. Schmidt P J Investment Management Inc. now owns 5,166 shares of the information services provider’s stock worth $6,165,000 after buying an additional 78 shares during the last quarter. Finally, C WorldWide Group Holding A S increased its position in Alphabet by 0.3% during the third quarter. C WorldWide Group Holding A S now owns 485,671 shares of the information services provider’s stock worth $579,633,000 after buying an additional 1,466 shares during the last quarter. Institutional investors and hedge funds own 34.12% of the company’s stock.

In related news, VP Amie Thuener O’toole sold 80 shares of Alphabet stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $1,103.12, for a total transaction of $88,249.60. Following the sale, the vice president now directly owns 388 shares of the company’s stock, valued at $428,010.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ann Mather sold 40 shares of Alphabet stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $1,113.10, for a total value of $44,524.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,495 shares of company stock worth $83,512,036. 13.11% of the stock is owned by company insiders.

Several equities analysts have commented on GOOG shares. BidaskClub raised shares of Alphabet from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 13th. Barclays reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 26th. DZ Bank reaffirmed a “buy” rating on shares of Alphabet in a research report on Thursday, October 18th. ValuEngine downgraded Alphabet from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, Nomura reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, October 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,327.66.

GOOG stock opened at $1,145.99 on Wednesday. Alphabet Inc has a twelve month low of $970.11 and a twelve month high of $1,273.89. The stock has a market cap of $788.29 billion, a P/E ratio of 24.99 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share for the quarter, topping analysts’ consensus estimates of $10.86 by $1.91. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. The business had revenue of $39.28 billion for the quarter, compared to the consensus estimate of $38.91 billion. During the same period last year, the business earned $9.70 earnings per share. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year.

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About Alphabet

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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