Victory Capital Management Inc. Has $75.91 Million Holdings in Alphabet Inc. (GOOG)

Victory Capital Management Inc. cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 15.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 83,532 shares of the information services provider’s stock after selling 15,614 shares during the quarter. Victory Capital Management Inc.’s holdings in Alphabet were worth $75,909,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Capital Investment Advisory Services LLC lifted its holdings in shares of Alphabet by 0.4% during the second quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock valued at $230,000 after acquiring an additional 1 shares during the period. Foster & Motley Inc. lifted its holdings in shares of Alphabet by 0.8% during the second quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock valued at $241,000 after acquiring an additional 2 shares during the period. Gradient Investments LLC lifted its holdings in shares of Alphabet by 0.6% during the second quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock valued at $460,000 after acquiring an additional 3 shares during the period. Saratoga Research & Investment Management lifted its holdings in shares of Alphabet by 1.2% during the second quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock valued at $234,000 after acquiring an additional 3 shares during the period. Finally, Edge Wealth Management LLC lifted its holdings in shares of Alphabet by 0.9% during the second quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock valued at $309,000 after acquiring an additional 3 shares during the period. 34.43% of the stock is owned by institutional investors.

Alphabet Inc. (NASDAQ GOOG) opened at $1,019.09 on Monday. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1-year low of $737.02 and a 1-year high of $1,048.39. The company has a market capitalization of $708,064.81, a price-to-earnings ratio of 34.12 and a beta of 0.95.

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

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In other news, Director L John Doerr sold 12,236 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the sale, the director now directly owns 3,485 shares of the company’s stock, valued at approximately $3,560,171.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $931.44, for a total value of $3,725,760.00. Following the sale, the chief executive officer now directly owns 1,618 shares in the company, valued at $1,507,069.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,394 shares of company stock worth $37,937,930. Insiders own 13.92% of the company’s stock.

A number of research firms recently issued reports on GOOG. UBS AG reaffirmed a “buy” rating and issued a $1,080.00 price target on shares of Alphabet in a report on Tuesday, July 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,100.00 price target (up from $1,050.00) on shares of Alphabet in a report on Tuesday, July 25th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Finally, JMP Securities reaffirmed an “outperform” rating and issued a $1,077.00 price target on shares of Alphabet in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $1,047.52.

Alphabet Company 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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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