Vestmark Advisory Solutions Inc. Reduces Stock Holdings in Alphabet Inc (NASDAQ:GOOG)

Vestmark Advisory Solutions Inc. reduced its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,888 shares of the information services provider’s stock after selling 78 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Alphabet were worth $2,301,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Neville Rodie & Shaw Inc. grew its holdings in shares of Alphabet by 0.8% during the second quarter. Neville Rodie & Shaw Inc. now owns 11,850 shares of the information services provider’s stock worth $12,809,000 after buying an additional 90 shares in the last quarter. Bath Savings Trust Co grew its holdings in shares of Alphabet by 9.7% during the second quarter. Bath Savings Trust Co now owns 417 shares of the information services provider’s stock worth $451,000 after buying an additional 37 shares in the last quarter. Thomasville National Bank grew its holdings in shares of Alphabet by 3.5% during the second quarter. Thomasville National Bank now owns 12,739 shares of the information services provider’s stock worth $13,770,000 after buying an additional 426 shares in the last quarter. Park National Corp OH grew its holdings in shares of Alphabet by 2.6% during the second quarter. Park National Corp OH now owns 763 shares of the information services provider’s stock worth $824,000 after buying an additional 19 shares in the last quarter. Finally, LVM Capital Management Ltd. MI grew its holdings in shares of Alphabet by 13.4% during the second quarter. LVM Capital Management Ltd. MI now owns 422 shares of the information services provider’s stock worth $456,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 33.78% of the company’s stock.

In other Alphabet news, Director Ann Mather sold 50 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $1,276.45, for a total value of $63,822.50. Following the transaction, the director now owns 1,823 shares of the company’s stock, valued at $2,326,968.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 54 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $1,276.45, for a total transaction of $68,928.30. Following the completion of the transaction, the chief accounting officer now directly owns 388 shares in the company, valued at approximately $495,262.60. The disclosure for this sale can be found here. Insiders sold 32,043 shares of company stock worth $40,364,988 in the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

NASDAQ GOOG traded down $12.18 during trading hours on Monday, reaching $1,299.19. The company had a trading volume of 1,012,085 shares, compared to its average volume of 1,444,602. The stock has a 50-day moving average of $1,244.69 and a 200 day moving average of $1,180.33. Alphabet Inc has a 1-year low of $970.11 and a 1-year high of $1,323.74. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $895.89 billion, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 1.58 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the Zacks’ consensus estimate of $12.57 by ($2.45). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The company had revenue of $40.50 billion during the quarter, compared to analyst estimates of $40.17 billion. During the same period in the previous year, the company earned $13.06 EPS. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. As a group, sell-side analysts predict that Alphabet Inc will post 49.05 EPS for the current year.

A number of research firms have recently issued reports on GOOG. Oppenheimer upped their target price on shares of Alphabet from $1,370.00 to $1,530.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, November 4th. Guggenheim upped their target price on shares of Alphabet from $1,425.00 to $1,525.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, November 4th. Finally, Raymond James upped their target price on shares of Alphabet from $1,360.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,460.27.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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