Alphabet Inc (NASDAQ:GOOG) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its position in Alphabet Inc (NASDAQ:GOOG) by 9.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,523 shares of the information services provider’s stock after selling 2,358 shares during the quarter. William Blair Investment Management LLC’s holdings in Alphabet were worth $25,027,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameraudi Asset Management Inc. acquired a new position in shares of Alphabet in the 4th quarter worth approximately $207,000. Bainco International Investors boosted its position in Alphabet by 0.5% during the 4th quarter. Bainco International Investors now owns 12,372 shares of the information services provider’s stock valued at $17,972,000 after purchasing an additional 60 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Alphabet by 1,050.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,185 shares of the information services provider’s stock valued at $1,584,000 after purchasing an additional 1,082 shares during the period. Banque Cantonale Vaudoise acquired a new position in Alphabet during the 4th quarter valued at approximately $22,903,000. Finally, Cannell Peter B & Co. Inc. boosted its position in Alphabet by 1.3% during the 4th quarter. Cannell Peter B & Co. Inc. now owns 63,458 shares of the information services provider’s stock valued at $85,272,000 after purchasing an additional 788 shares during the period. Institutional investors own 33.61% of the company’s stock.

In other Alphabet news, CAO Amie Thuener O’toole sold 61 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $1,098.26, for a total value of $66,993.86. Following the completion of the transaction, the chief accounting officer now owns 388 shares of the company’s stock, valued at approximately $426,124.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 60 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,363.61, for a total value of $81,816.60. Following the completion of the transaction, the director now directly owns 592 shares of the company’s stock, valued at approximately $807,257.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 325 shares of company stock valued at $409,753. Insiders own 12.99% of the company’s stock.

A number of research firms recently issued reports on GOOG. BMO Capital Markets upgraded Alphabet from a “market perform” rating to an “outperform” rating in a research report on Monday, March 30th. Nomura Securities boosted their price objective on Alphabet from $1,560.00 to $1,680.00 in a research report on Tuesday, February 4th. DZ Bank restated a “buy” rating on shares of Alphabet in a research report on Tuesday, February 4th. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research report on Tuesday, April 28th. Finally, Cfra lifted their target price on Alphabet from $1,737.00 to $1,761.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,580.52.

NASDAQ GOOG opened at $1,410.42 on Friday. Alphabet Inc has a twelve month low of $1,013.54 and a twelve month high of $1,532.11. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.64 and a current ratio of 3.66. The stock has a market capitalization of $957.58 billion, a PE ratio of 28.46, a P/E/G ratio of 2.10 and a beta of 1.06. The stock has a 50-day simple moving average of $1,284.33 and a 200 day simple moving average of $1,331.95.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, April 28th. The information services provider reported $9.87 EPS for the quarter, missing the consensus estimate of $11.27 by ($1.40). The firm had revenue of $41.16 billion during the quarter, compared to analyst estimates of $40.29 billion. Alphabet had a net margin of 20.71% and a return on equity of 17.43%. The company’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $9.50 EPS. As a group, equities research analysts forecast that Alphabet Inc will post 41.47 EPS for the current fiscal year.

About Alphabet

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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