Alphabet Inc. (GOOG) Holdings Trimmed by Tradition Capital Management LLC

Tradition Capital Management LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,049 shares of the information services provider’s stock after selling 103 shares during the period. Tradition Capital Management LLC’s holdings in Alphabet were worth $2,144,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GOOG. Beach Investment Management LLC. bought a new stake in shares of Alphabet during the 2nd quarter worth $268,000. Modera Wealth Management LLC raised its stake in shares of Alphabet by 4.3% during the 2nd quarter. Modera Wealth Management LLC now owns 600 shares of the information services provider’s stock worth $545,000 after purchasing an additional 25 shares during the period. State of Tennessee Treasury Department raised its stake in shares of Alphabet by 0.9% during the 2nd quarter. State of Tennessee Treasury Department now owns 225,063 shares of the information services provider’s stock worth $204,522,000 after purchasing an additional 1,920 shares during the period. Pictet & Cie Europe SA raised its stake in shares of Alphabet by 6.1% during the 2nd quarter. Pictet & Cie Europe SA now owns 20,004 shares of the information services provider’s stock worth $18,178,000 after purchasing an additional 1,155 shares during the period. Finally, Community Bank & Trust Waco Texas raised its stake in shares of Alphabet by 20.0% during the 2nd quarter. Community Bank & Trust Waco Texas now owns 1,015 shares of the information services provider’s stock worth $922,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 34.84% of the company’s stock.

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In other news, VP James Grier Campbell sold 238 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $1,162.61, for a total transaction of $276,701.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $1,018.01, for a total value of $4,072,040.00. Following the transaction, the chief executive officer now directly owns 967 shares of the company’s stock, valued at approximately $984,415.67. The disclosure for this sale can be found here. Insiders have sold 54,410 shares of company stock valued at $58,408,136 in the last three months. 13.92% of the stock is owned by insiders.



Shares of NASDAQ GOOG opened at $1,072.08 on Thursday. Alphabet Inc. has a 12 month low of $836.29 and a 12 month high of $1,186.89. The company has a quick ratio of 5.11, a current ratio of 5.14 and a debt-to-equity ratio of 0.03. The stock has a market cap of $746,308.13, a PE ratio of 33.56 and a beta of 1.08.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $10.07 by ($0.37). Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The business had revenue of $32.32 billion for the quarter, compared to analysts’ expectations of $31.88 billion. During the same period in the previous year, the firm posted $9.36 EPS. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year.

Alphabet declared that its Board of Directors has approved a stock buyback program on Thursday, February 1st that allows the company to buyback $8.59 billion in shares. This buyback authorization allows the information services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

A number of research firms have recently commented on GOOG. Vetr cut Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,177.20 target price on the stock. in a research note on Wednesday. JPMorgan Chase restated a “buy” rating on shares of Alphabet in a research note on Tuesday, April 10th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Tuesday, April 10th. BidaskClub cut Alphabet from a “buy” rating to a “hold” rating in a research note on Saturday, April 7th. Finally, Pivotal Research lowered their price objective on Alphabet from $1,110.00 to $1,040.00 and set a “hold” rating on the stock in a research note on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-four have issued a buy rating to the company. Alphabet currently has an average rating of “Buy” and an average target price of $1,088.68.

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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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