R. G. Niederhoffer Capital Management Inc. Reduces Stake in Alphabet Inc (GOOG)

R. G. Niederhoffer Capital Management Inc. lowered its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 21.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,100 shares of the information services provider’s stock after selling 300 shares during the period. Alphabet accounts for 6.8% of R. G. Niederhoffer Capital Management Inc.’s holdings, making the stock its biggest position. R. G. Niederhoffer Capital Management Inc.’s holdings in Alphabet were worth $1,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Burt Wealth Advisors raised its stake in Alphabet by 17.2% in the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after acquiring an additional 20 shares during the period. Signature Estate & Investment Advisors LLC raised its stake in Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 5 shares during the period. Archford Capital Strategies LLC raised its stake in Alphabet by 400.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after acquiring an additional 832 shares during the period. Almanack Investment Partners LLC. raised its stake in Alphabet by 4.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after acquiring an additional 7 shares during the period. Finally, St. Johns Investment Management Company LLC raised its stake in Alphabet by 1,046.7% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after acquiring an additional 157 shares during the period. Institutional investors own 34.62% of the company’s stock.

A number of research firms recently weighed in on GOOG. Morningstar restated a “neutral” rating on shares of Alphabet in a research note on Friday. SunTrust Banks increased their price target on Alphabet to $1,250.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Friday, January 12th. Vetr cut Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price target on the stock. in a research note on Wednesday, January 10th. Finally, BidaskClub upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $1,052.31.

Shares of Alphabet Inc (NASDAQ GOOG) opened at $1,137.51 on Monday. The stock has a market capitalization of $792,410.00, a price-to-earnings ratio of 37.89 and a beta of 0.94. Alphabet Inc has a 1-year low of $790.52 and a 1-year high of $1,139.91. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

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

In related news, Director Ann Mather sold 38 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total value of $38,653.98. Following the sale, the director now directly owns 1,805 shares of the company’s stock, valued at $1,836,064.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $1,127.17, for a total value of $4,508,680.00. Following the completion of the sale, the chief executive officer now directly owns 656 shares in the company, valued at $739,423.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,900 shares of company stock worth $38,411,507. 13.92% of the stock is currently owned by insiders.

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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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