Halsey Associates Inc. CT Cuts Stake in Alphabet Inc (GOOG)

Halsey Associates Inc. CT cut its position in shares of Alphabet Inc (NASDAQ:GOOG) by 2.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,635 shares of the information services provider’s stock after selling 550 shares during the period. Alphabet accounts for about 4.0% of Halsey Associates Inc. CT’s investment portfolio, making the stock its 5th largest position. Halsey Associates Inc. CT’s holdings in Alphabet were worth $20,790,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Trail Advisors LLC increased its holdings in shares of Alphabet by 132,719.3% during the 1st quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock valued at $18,680,000 after acquiring an additional 18,665,638 shares during the last quarter. Magellan Asset Management Ltd increased its holdings in shares of Alphabet by 684.2% during the 1st quarter. Magellan Asset Management Ltd now owns 2,114,849 shares of the information services provider’s stock valued at $2,182,080,000 after acquiring an additional 1,845,160 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Alphabet by 18,323.9% during the 2nd quarter. Private Advisor Group LLC now owns 954,357 shares of the information services provider’s stock valued at $1,064,798,000 after acquiring an additional 949,177 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of Alphabet by 114,793.0% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 723,826 shares of the information services provider’s stock valued at $642,000 after acquiring an additional 723,196 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its holdings in shares of Alphabet by 37,811.2% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 354,849 shares of the information services provider’s stock valued at $1,691,000 after acquiring an additional 353,913 shares during the last quarter. 33.96% of the stock is owned by institutional investors.

In other news, CAO Amie Thuener O’toole sold 80 shares of Alphabet stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $1,193.80, for a total transaction of $95,504.00. Following the sale, the chief accounting officer now owns 388 shares of the company’s stock, valued at approximately $463,194.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 24 shares of Alphabet stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $1,206.20, for a total value of $28,948.80. Following the sale, the director now directly owns 1,898 shares in the company, valued at approximately $2,289,367.60. The disclosure for this sale can be found here. Insiders have sold a total of 89,267 shares of company stock worth $99,725,538 in the last three months. 13.11% of the stock is owned by insiders.

GOOG has been the topic of a number of analyst reports. Barclays reissued a “buy” rating on shares of Alphabet in a report on Friday, September 14th. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a report on Wednesday, August 29th. DZ Bank reaffirmed a “buy” rating on shares of Alphabet in a report on Thursday, October 18th. ValuEngine lowered Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Macquarie reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, September 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $1,301.81.

Shares of NASDAQ:GOOG opened at $1,037.61 on Friday. Alphabet Inc has a 1-year low of $980.64 and a 1-year high of $1,273.89. The company has a market cap of $722.05 billion, a PE ratio of 23.35 and a beta of 1.16. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $10.41 by $2.65. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. The company had revenue of $27.16 billion for the quarter.

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About Alphabet

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 (NASDAQ:GOOG)

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