Sawyer & Company Inc Sells 18 Shares of Alphabet Inc (NASDAQ:GOOG)

Sawyer & Company Inc lessened its holdings in Alphabet Inc (NASDAQ:GOOG) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,092 shares of the information services provider’s stock after selling 18 shares during the period. Sawyer & Company Inc’s holdings in Alphabet were worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOG. Marietta Wealth Management LLC grew its holdings in Alphabet by 48.5% in the 2nd quarter. Marietta Wealth Management LLC now owns 643 shares of the information services provider’s stock valued at $695,000 after buying an additional 210 shares in the last quarter. Curbstone Financial Management Corp grew its holdings in Alphabet by 4.3% in the 2nd quarter. Curbstone Financial Management Corp now owns 3,412 shares of the information services provider’s stock valued at $3,688,000 after buying an additional 140 shares in the last quarter. Veritas Investment Management LLP grew its holdings in Alphabet by 2.8% in the 2nd quarter. Veritas Investment Management LLP now owns 34,098 shares of the information services provider’s stock valued at $36,853,000 after buying an additional 936 shares in the last quarter. FTB Advisors Inc. grew its holdings in Alphabet by 5.5% in the 2nd quarter. FTB Advisors Inc. now owns 3,401 shares of the information services provider’s stock valued at $3,676,000 after buying an additional 177 shares in the last quarter. Finally, Gryphon Financial Partners LLC grew its holdings in Alphabet by 88.0% in the 2nd quarter. Gryphon Financial Partners LLC now owns 549 shares of the information services provider’s stock valued at $594,000 after buying an additional 257 shares in the last quarter. Institutional investors and hedge funds own 33.82% of the company’s stock.

NASDAQ:GOOG traded down $7.62 during trading hours on Friday, hitting $1,245.45. The company’s stock had a trading volume of 771,165 shares, compared to its average volume of 1,314,776. The stock has a fifty day simple moving average of $1,213.85 and a 200-day simple moving average of $1,173.20. The company has a market capitalization of $861.90 billion, a P/E ratio of 26.21, a PEG ratio of 1.45 and a beta of 0.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 3.96. Alphabet Inc has a twelve month low of $970.11 and a twelve month high of $1,289.27.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, beating the consensus estimate of $11.49 by $2.72. The business had revenue of $38.94 billion for the quarter, compared to analyst estimates of $38.21 billion. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. Alphabet’s revenue was up 19.3% compared to the same quarter last year. During the same period last year, the firm posted $11.75 earnings per share. On average, equities analysts predict that Alphabet Inc will post 51.42 EPS for the current fiscal year.

Several analysts have recently issued reports on GOOG shares. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Friday. Wedbush increased their target price on Alphabet from $1,350.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Bank of America reissued a “buy” rating and set a $1,450.00 target price (up from $1,350.00) on shares of Alphabet in a report on Friday, July 26th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a report on Friday, July 26th. Finally, BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $1,378.33.

In other Alphabet news, Director John L. Hennessy sold 75 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $1,238.57, for a total value of $92,892.75. Following the completion of the transaction, the director now directly owns 276 shares in the company, valued at $341,845.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David C. Drummond sold 1,600 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $1,179.44, for a total value of $1,887,104.00. Following the completion of the transaction, the senior vice president now owns 44,482 shares of the company’s stock, valued at $52,463,850.08. The disclosure for this sale can be found here. Insiders sold 5,391 shares of company stock valued at $6,502,992 over the last quarter. Corporate insiders own 12.99% of the company’s stock.

Alphabet Company 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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