Alphabet Inc (GOOG) Shares Sold by Meag Munich Ergo Kapitalanlagegesellschaft MBH

Meag Munich Ergo Kapitalanlagegesellschaft MBH cut its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 14.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,001 shares of the information services provider’s stock after selling 6,204 shares during the period. Alphabet makes up about 1.5% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings, making the stock its 7th biggest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Alphabet were worth $36,194,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Capital Investment Advisory Services LLC raised its position 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 worth $230,000 after purchasing an additional 1 shares during the period. Capital Advantage Inc. raised its position in Alphabet by 0.4% during the second quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock valued at $248,000 after buying an additional 1 shares during the period. Foster & Motley Inc. raised its position in 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 buying an additional 2 shares during the period. Saratoga Research & Investment Management raised its position in 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 buying an additional 3 shares during the period. Finally, Edge Wealth Management LLC raised its position in 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 buying an additional 3 shares during the period. 34.62% of the stock is currently owned by institutional investors.

GOOG has been the topic of several recent analyst reports. Wells Fargo & Co reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. UBS Group reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Societe Generale reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Vetr lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 price target on the stock. in a research report on Thursday, December 7th. Finally, Oppenheimer reissued an “outperform” rating on shares of Alphabet in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and an average target price of $1,052.31.

In other news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,018.97, for a total transaction of $4,075,880.00. Following the completion of the sale, the chief executive officer now owns 1,699 shares in the company, valued at approximately $1,731,230.03. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 38 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total value of $38,653.98. Following the sale, the director now owns 1,805 shares of the company’s stock, valued at approximately $1,836,064.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,900 shares of company stock valued at $38,411,507. 13.92% of the stock is currently owned by corporate insiders.

Shares of Alphabet Inc (NASDAQ GOOG) opened at $1,137.51 on Monday. The stock has a market capitalization of $792,410.00, a PE ratio of 37.89 and a beta of 0.94. 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.

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

COPYRIGHT VIOLATION NOTICE: This report was originally published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.truebluetribune.com/2018/01/22/alphabet-inc-goog-shares-sold-by-meag-munich-ergo-kapitalanlagegesellschaft-mbh.html.

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)

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