The Alphabet Inc. (GOOG) Stake Lowered by San Francisco Sentry Investment Group CA

The Alphabet Inc. (GOOG) Stake Lowered by San Francisco Sentry Investment Group CA

San Francisco Sentry Investment Group CA lowered its position in Alphabet Inc. (NASDAQ:GOOG) by 8.8% during the second quarter, Holdings Channel reports. The institutional investor owned 4,561 shares of the company’s stock after selling 440 shares during the period. Alphabet makes up 1.9% of San Francisco Sentry Investment Group CA’s portfolio, making the stock its 7th largest position. San Francisco Sentry Investment Group CA’s holdings in Alphabet were worth $3,157,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in GOOG. Edge Asset Management Inc. raised its position in Alphabet by 54.0% in the second quarter. Edge Asset Management Inc. now owns 32,222 shares of the company’s stock worth $22,302,000 after buying an additional 11,292 shares in the last quarter. Vestor Capital LLC raised its position in Alphabet by 2.1% in the second quarter. Vestor Capital LLC now owns 11,324 shares of the company’s stock worth $7,837,000 after buying an additional 238 shares in the last quarter. Denver Investment Advisors LLC raised its position in Alphabet by 3.0% in the second quarter. Denver Investment Advisors LLC now owns 18,705 shares of the company’s stock worth $12,946,000 after buying an additional 537 shares in the last quarter. Capital Advisors Inc. OK raised its position in Alphabet by 6.5% in the second quarter. Capital Advisors Inc. OK now owns 12,952 shares of the company’s stock worth $8,964,000 after buying an additional 786 shares in the last quarter. Finally, Eaton Vance Management raised its position in Alphabet by 13.1% in the second quarter. Eaton Vance Management now owns 1,247,386 shares of the company’s stock worth $863,316,000 after buying an additional 144,525 shares in the last quarter. 34.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alphabet Inc. (NASDAQ:GOOG) traded up 0.19% during midday trading on Wednesday, hitting $784.53. 111,912 shares of the company traded hands. The stock’s 50-day moving average is $773.75 and its 200 day moving average is $740.98. The stock has a market capitalization of $539.19 billion, a P/E ratio of 30.40 and a beta of 1.03. Alphabet Inc. has a 12-month low of $641.73 and a 12-month high of $792.28.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $8.03 by $0.39. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $20.74 billion. During the same quarter in the previous year, the firm posted $6.99 earnings per share. The business’s revenue was up 21.3% on a year-over-year basis. On average, analysts expect that Alphabet Inc. will post $34.14 earnings per share for the current year.

A number of research firms recently issued reports on GOOG. Robert W. Baird reissued an “outperform” rating and set a $900.00 price target on shares of Alphabet in a report on Wednesday, October 5th. SunTrust Banks Inc. restated a “buy” rating and issued a $900.00 price objective on shares of Alphabet in a research report on Wednesday, October 5th. Needham & Company LLC set a $900.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research report on Wednesday, October 5th. Macquarie restated an “outperform” rating and issued a $975.00 price objective on shares of Alphabet in a research report on Wednesday, October 5th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $1,000.00 price objective on shares of Alphabet in a research report on Wednesday, October 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $926.55.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $739.21, for a total value of $2,956,840.00. Following the transaction, the chief executive officer now owns 3,297 shares of the company’s stock, valued at $2,437,175.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP James Grier Campbell sold 603 shares of Alphabet stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $767.18, for a total transaction of $462,609.54. The disclosure for this sale can be found here. 13.92% of the stock is currently owned by company insiders.

About Alphabet

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

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