Alphabet Inc (GOOG) Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP reduced its position in shares of Alphabet Inc (NASDAQ:GOOG) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,152 shares of the information services provider’s stock after selling 173 shares during the period. Brandes Investment Partners LP’s holdings in Alphabet were worth $9,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. HC Financial Advisors Inc. bought a new stake in Alphabet during the fourth quarter worth $1,156,000. Rockefeller Capital Management L.P. acquired a new position in shares of Alphabet in the first quarter valued at $182,757,000. Pegasus Partners Ltd. increased its holdings in shares of Alphabet by 2.6% in the first quarter. Pegasus Partners Ltd. now owns 4,144 shares of the information services provider’s stock valued at $4,276,000 after purchasing an additional 104 shares during the last quarter. Sustainable Growth Advisers LP increased its holdings in shares of Alphabet by 3.3% in the first quarter. Sustainable Growth Advisers LP now owns 294,288 shares of the information services provider’s stock valued at $303,643,000 after purchasing an additional 9,428 shares during the last quarter. Finally, Findlay Park Partners LLP increased its holdings in shares of Alphabet by 40.2% in the first quarter. Findlay Park Partners LLP now owns 342,799 shares of the information services provider’s stock valued at $353,697,000 after purchasing an additional 98,224 shares during the last quarter. Institutional investors and hedge funds own 34.16% of the company’s stock.

GOOG stock opened at $1,066.15 on Friday. 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 Inc has a 52 week low of $980.64 and a 52 week high of $1,273.89. The stock has a market capitalization of $734.71 billion, a P/E ratio of 23.76 and a beta of 1.16.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $10.41 by $2.65. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. The business had revenue of $27.16 billion for the quarter.

In related news, CEO Sundar Pichai sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $1,073.27, for a total value of $10,732,700.00. Following the transaction, the chief executive officer now directly owns 844 shares in the company, valued at $905,839.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David C. Drummond sold 5,690 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $1,244.09, for a total transaction of $7,078,872.10. Following the completion of the transaction, the senior vice president now owns 41,234 shares in the company, valued at $51,298,807.06. The disclosure for this sale can be found here. Insiders sold 87,621 shares of company stock worth $102,660,942 over the last 90 days. 13.11% of the stock is currently owned by corporate insiders.

GOOG has been the topic of several research reports. Barclays reiterated a “buy” rating on shares of Alphabet in a report on Friday, September 14th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, August 29th. ValuEngine downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Macquarie reiterated a “buy” rating on shares of Alphabet in a report on Monday, September 10th. Finally, BidaskClub downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average target price of $1,301.81.

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Alphabet Company Profile

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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