Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,891 shares of the information services provider’s stock after selling 2,386 shares during the period. Alphabet accounts for 0.8% of Pacer Advisors Inc.’s investment portfolio, making the stock its 14th biggest position. Pacer Advisors Inc.’s holdings in Alphabet were worth $47,353,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Nottingham Advisors Inc. increased its stake in shares of Alphabet by 0.5% in the fourth quarter. Nottingham Advisors Inc. now owns 917 shares of the information services provider’s stock worth $1,606,000 after acquiring an additional 5 shares during the last quarter. AlphaCore Capital LLC increased its stake in shares of Alphabet by 4.0% in the fourth quarter. AlphaCore Capital LLC now owns 131 shares of the information services provider’s stock worth $229,000 after acquiring an additional 5 shares during the last quarter. CWS Financial Advisors LLC increased its stake in shares of Alphabet by 3.2% in the fourth quarter. CWS Financial Advisors LLC now owns 162 shares of the information services provider’s stock worth $284,000 after acquiring an additional 5 shares during the last quarter. Ironwood Wealth Management LLC. increased its stake in shares of Alphabet by 8.7% in the third quarter. Ironwood Wealth Management LLC. now owns 75 shares of the information services provider’s stock worth $110,000 after acquiring an additional 6 shares during the last quarter. Finally, Albert D Mason Inc. increased its position in Alphabet by 0.6% during the fourth quarter. Albert D Mason Inc. now owns 1,068 shares of the information services provider’s stock worth $1,871,000 after buying an additional 6 shares during the last quarter. 31.94% of the stock is owned by institutional investors.

GOOG has been the topic of several analyst reports. Evercore ISI initiated coverage on shares of Alphabet in a research report on Tuesday. They set an “outperform” rating and a $2,525.00 target price on the stock. Cowen increased their target price on shares of Alphabet from $2,200.00 to $2,400.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 3rd. Canaccord Genuity upped their price target on shares of Alphabet from $2,250.00 to $2,400.00 and gave the company a “buy” rating in a report on Wednesday, February 3rd. They noted that the move was a valuation call. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 3rd. Finally, Credit Suisse Group restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 3rd. One research analyst has rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and an average price target of $2,244.11.

GOOG traded up $15.46 during midday trading on Thursday, reaching $2,265.14. 29,715 shares of the company’s stock were exchanged, compared to its average volume of 1,599,775. The firm has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 43.84, a price-to-earnings-growth ratio of 1.66 and a beta of 0.98. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a one year low of $1,187.60 and a one year high of $2,255.00. The business has a 50-day simple moving average of $2,078.40 and a two-hundred day simple moving average of $1,819.99.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, February 1st. The information services provider reported $22.30 EPS for the quarter, topping analysts’ consensus estimates of $15.91 by $6.39. The firm had revenue of $56.90 billion during the quarter, compared to analysts’ expectations of $52.86 billion. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter last year, the company earned $15.35 earnings per share. As a group, research analysts anticipate that Alphabet Inc. will post 52.19 EPS for the current fiscal year.

In other news, CAO Amie Thuener O’toole sold 30 shares of the firm’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $2,152.94, for a total transaction of $64,588.20. Following the completion of the sale, the chief accounting officer now owns 966 shares of the company’s stock, valued at $2,079,740.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Philipp Schindler sold 1,385 shares of the firm’s stock in a transaction that occurred on Monday, February 1st. The stock was sold at an average price of $1,852.09, for a total transaction of $2,565,144.65. Following the sale, the senior vice president now directly owns 18,712 shares of the company’s stock, valued at approximately $34,656,308.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,034 shares of company stock valued at $28,870,417. Corporate insiders own 12.99% of the company’s stock.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

Featured Story: Intrinsic Value

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.