Sei Investments Co. Sells 44,314 Shares of Alphabet Inc (GOOG)

Sei Investments Co. cut its holdings in Alphabet Inc (NASDAQ:GOOG) by 15.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 242,264 shares of the information services provider’s stock after selling 44,314 shares during the period. Alphabet makes up 0.8% of Sei Investments Co.’s portfolio, making the stock its 11th largest position. Sei Investments Co.’s holdings in Alphabet were worth $232,359,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. RB Capital Management LLC increased its position in shares of Alphabet by 9.2% in the second quarter. RB Capital Management LLC now owns 1,335 shares of the information services provider’s stock valued at $1,213,000 after acquiring an additional 112 shares during the period. Iberiabank Corp increased its position in shares of Alphabet by 20.0% in the second quarter. Iberiabank Corp now owns 1,601 shares of the information services provider’s stock valued at $1,455,000 after acquiring an additional 267 shares during the period. Capital Investment Advisors LLC increased its position in shares of Alphabet by 4.5% in the second quarter. Capital Investment Advisors LLC now owns 1,560 shares of the information services provider’s stock valued at $1,418,000 after acquiring an additional 67 shares during the period. New England Research & Management Inc. increased its position in shares of Alphabet by 3.3% in the second quarter. New England Research & Management Inc. now owns 782 shares of the information services provider’s stock valued at $711,000 after acquiring an additional 25 shares during the period. Finally, Carlson Capital Management purchased a new position in shares of Alphabet in the second quarter valued at about $280,000. 34.65% of the stock is owned by institutional investors and hedge funds.

GOOG has been the topic of a number of analyst reports. Deutsche Bank restated a “buy” rating on shares of Alphabet in a research report on Wednesday, October 25th. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,067.64 price objective on the stock. in a research report on Monday, November 20th. Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research report on Friday, October 20th. Finally, Morgan Stanley restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $1,052.31.

In other news, Director L John Doerr sold 12,236 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the transaction, the director now owns 3,485 shares in the company, valued at $3,560,171.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $1,002.86, for a total transaction of $4,011,440.00. Following the completion of the transaction, the chief executive officer now owns 1,178 shares in the company, valued at approximately $1,181,369.08. The disclosure for this sale can be found here. Insiders have sold 36,900 shares of company stock worth $38,411,507 in the last three months. 13.92% of the stock is currently owned by insiders.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,137.51 on Friday. Alphabet Inc has a 52 week low of $790.52 and a 52 week high of $1,139.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The company has a market cap of $790,343.13, a PE ratio of 38.08 and a beta of 0.93.

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

COPYRIGHT VIOLATION NOTICE: “Sei Investments Co. Sells 44,314 Shares of Alphabet Inc (GOOG)” was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.truebluetribune.com/2018/01/21/sei-investments-co-sells-44314-shares-of-alphabet-inc-goog.html.

About Alphabet

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.

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.

Latest News

Leave a Reply