Alphabet Inc Class C (GOOG) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its holdings in shares of Alphabet Inc Class C (NASDAQ:GOOG) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 58,944 shares of the information services provider’s stock after selling 1,200 shares during the period. Alphabet Inc Class C accounts for 1.4% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 12th biggest position. Segall Bryant & Hamill LLC’s holdings in Alphabet Inc Class C were worth $61,679,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOG. Argent Trust Co grew its position in shares of Alphabet Inc Class C by 3.7% during the third quarter. Argent Trust Co now owns 2,110 shares of the information services provider’s stock worth $2,024,000 after buying an additional 75 shares in the last quarter. InterOcean Capital LLC grew its position in shares of Alphabet Inc Class C by 8.2% during the third quarter. InterOcean Capital LLC now owns 21,216 shares of the information services provider’s stock worth $20,348,000 after buying an additional 1,607 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. grew its position in shares of Alphabet Inc Class C by 87.3% during the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 828,631 shares of the information services provider’s stock worth $794,748,000 after buying an additional 386,289 shares in the last quarter. IFG Advisory LLC acquired a new stake in shares of Alphabet Inc Class C during the fourth quarter worth approximately $1,900,000. Finally, Elite Wealth Management Inc. acquired a new stake in shares of Alphabet Inc Class C during the fourth quarter worth approximately $1,151,000. 34.22% of the stock is owned by hedge funds and other institutional investors.

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GOOG has been the subject of a number of recent analyst reports. TheStreet raised shares of Alphabet Inc Class C from a “c+” rating to an “a-” rating in a research report on Monday, April 23rd. Vetr raised shares of Alphabet Inc Class C from a “hold” rating to a “buy” rating and set a $1,131.91 price target for the company in a research report on Thursday, March 1st. Morgan Stanley restated a “buy” rating on shares of Alphabet Inc Class C in a research note on Tuesday, February 27th. BidaskClub cut Alphabet Inc Class C from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet Inc Class C in a research note on Tuesday, April 10th. Six investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. Alphabet Inc Class C currently has an average rating of “Buy” and an average target price of $1,128.30.

In related news, Director Ann Mather sold 39 shares of Alphabet Inc Class C stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $1,099.06, for a total transaction of $42,863.34. Following the transaction, the director now directly owns 1,862 shares of the company’s stock, valued at $2,046,449.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet Inc Class C stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $1,089.48, for a total value of $4,357,920.00. Following the transaction, the chief executive officer now directly owns 953 shares in the company, valued at $1,038,274.44. The disclosure for this sale can be found here. Insiders have sold 53,019 shares of company stock worth $57,115,570 over the last three months. Corporate insiders own 13.11% of the company’s stock.

Shares of Alphabet Inc Class C opened at $1,119.50 on Monday, according to Marketbeat. The firm has a market cap of $777.99 billion, a PE ratio of 34.93 and a beta of 1.10. The company has a current ratio of 4.87, a quick ratio of 4.85 and a debt-to-equity ratio of 0.02. Alphabet Inc Class C has a one year low of $894.79 and a one year high of $1,186.89.

Alphabet Inc Class C (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, April 23rd. The information services provider reported $9.93 EPS for the quarter, beating analysts’ consensus estimates of $9.28 by $0.65. The company had revenue of $31.15 billion for the quarter, compared to analyst estimates of $30.28 billion. Alphabet Inc Class C had a return on equity of 15.58% and a net margin of 14.19%. The company’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the company earned $7.73 earnings per share.

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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