Academy Capital Management Inc. TX Has $15.20 Million Position in Alphabet Inc Class C (GOOG)

Academy Capital Management Inc. TX trimmed its holdings in Alphabet Inc Class C (NASDAQ:GOOG) by 0.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 13,623 shares of the information services provider’s stock after selling 107 shares during the period. Alphabet Inc Class C makes up about 3.8% of Academy Capital Management Inc. TX’s holdings, making the stock its 11th largest holding. Academy Capital Management Inc. TX’s holdings in Alphabet Inc Class C were worth $15,198,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Smart Portfolios LLC purchased a new position in shares of Alphabet Inc Class C during the first quarter worth $103,000. Braun Bostich & Associates Inc. purchased a new position in Alphabet Inc Class C in the first quarter valued at $107,000. Litman Gregory Asset Management LLC purchased a new position in Alphabet Inc Class C in the first quarter valued at $113,000. JJJ Advisors Inc. purchased a new position in Alphabet Inc Class C in the second quarter valued at $134,000. Finally, WealthShield LLC purchased a new position in Alphabet Inc Class C in the fourth quarter valued at $144,000. Institutional investors own 34.31% of the company’s stock.

In other Alphabet Inc Class C news, VP Amie Thuener O’toole sold 73 shares of the firm’s stock in a transaction on Tuesday, July 3rd. The stock was sold at an average price of $1,135.82, for a total value of $82,914.86. Following the sale, the vice president now directly owns 388 shares in the company, valued at $440,698.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $1,179.07, for a total value of $11,790,700.00. Following the completion of the sale, the chief executive officer now owns 587 shares in the company, valued at $692,114.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,362 shares of company stock worth $105,611,408. 13.11% of the stock is owned by insiders.

Alphabet Inc Class C stock opened at $1,175.33 on Friday. Alphabet Inc Class C has a 1-year low of $909.70 and a 1-year high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.13 and a current ratio of 4.15. The firm has a market capitalization of $819.38 billion, a price-to-earnings ratio of 28.75 and a beta of 1.11.

Alphabet Inc Class C (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $9.66 by $2.09. Alphabet Inc Class C had a return on equity of 18.24% and a net margin of 13.16%. The company had revenue of $32.66 billion for the quarter, compared to analysts’ expectations of $32.13 billion. During the same period last year, the firm earned $5.01 earnings per share. Alphabet Inc Class C’s quarterly revenue was up 25.6% on a year-over-year basis.

GOOG has been the subject of a number of recent research reports. Goldman Sachs Group reiterated a “$1,186.96” rating on shares of Alphabet Inc Class C in a report on Thursday, July 19th. JPMorgan Chase & Co. reiterated a “$1,195.88” rating on shares of Alphabet Inc Class C in a report on Wednesday, July 18th. UBS Group reiterated a “$1,195.88” rating on shares of Alphabet Inc Class C in a report on Wednesday, July 18th. Macquarie reiterated a “$1,205.50” rating on shares of Alphabet Inc Class C in a report on Monday, July 23rd. Finally, Credit Suisse Group reiterated a “$1,205.50” rating on shares of Alphabet Inc Class C in a report on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have given a buy rating to the company. Alphabet Inc Class C currently has a consensus rating of “Buy” and an average target price of $1,255.72.

About Alphabet Inc Class C

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 Inc Class C (NASDAQ:GOOG)

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