Alphabet Inc. (GOOG) Shares Sold by BB&T Securities LLC

BB&T Securities LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 39.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,462 shares of the information services provider’s stock after selling 30,699 shares during the period. Alphabet comprises approximately 0.6% of BB&T Securities LLC’s investment portfolio, making the stock its 29th biggest holding. BB&T Securities LLC’s holdings in Alphabet were worth $43,130,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Northeast Investment Management raised its stake in Alphabet by 4.4% in the second quarter. Northeast Investment Management now owns 12,678 shares of the information services provider’s stock valued at $11,521,000 after buying an additional 537 shares during the period. First Eagle Investment Management LLC raised its stake in Alphabet by 0.7% in the second quarter. First Eagle Investment Management LLC now owns 234,493 shares of the information services provider’s stock valued at $213,091,000 after buying an additional 1,631 shares during the period. Blair William & Co. IL raised its stake in Alphabet by 1.9% in the second quarter. Blair William & Co. IL now owns 204,531 shares of the information services provider’s stock valued at $185,864,000 after buying an additional 3,818 shares during the period. Nikko Asset Management Americas Inc. raised its stake in Alphabet by 210.9% in the second quarter. Nikko Asset Management Americas Inc. now owns 8,250 shares of the information services provider’s stock valued at $7,497,000 after buying an additional 5,596 shares during the period. Finally, Douglass Winthrop Advisors LLC raised its stake in Alphabet by 0.9% in the second quarter. Douglass Winthrop Advisors LLC now owns 48,367 shares of the information services provider’s stock valued at $43,953,000 after buying an additional 418 shares during the period. Hedge funds and other institutional investors own 34.28% of the company’s stock.

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Several analysts have issued reports on GOOG shares. Citigroup Inc. restated a “buy” rating and issued a $1,180.00 price objective on shares of Alphabet in a research note on Thursday, July 27th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 20th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-nine have assigned a buy rating to the company. Alphabet has an average rating of “Buy” and an average target price of $1,047.52.

Alphabet Inc. (NASDAQ:GOOG) opened at $1,025.75 on Tuesday. Alphabet Inc. has a 12 month low of $727.54 and a 12 month high of $1,048.39. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $714,304.06, a P/E ratio of 34.42 and a beta of 0.95.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the consensus estimate of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The business had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. During the same quarter in the prior year, the business earned $9.06 earnings per share. Alphabet’s revenue for the quarter was up 23.7% on a year-over-year basis.

In other Alphabet news, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $933.08, for a total transaction of $170,753.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $924.36, for a total transaction of $3,697,440.00. Following the sale, the chief executive officer now directly owns 1,324 shares in the company, valued at approximately $1,223,852.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,158 shares of company stock worth $25,062,399. 13.92% of the stock is owned by company insiders.

Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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