Amica Mutual Insurance Co. Cuts Holdings in Alphabet Inc (GOOG)

Amica Mutual Insurance Co. reduced its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 6.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,593 shares of the information services provider’s stock after selling 1,328 shares during the quarter. Alphabet comprises approximately 2.3% of Amica Mutual Insurance Co.’s holdings, making the stock its 5th biggest position. Amica Mutual Insurance Co.’s holdings in Alphabet were worth $22,190,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ironwood Financial llc grew its position in shares of Alphabet by 111.1% during the 3rd quarter. Ironwood Financial llc now owns 95 shares of the information services provider’s stock valued at $113,000 after acquiring an additional 50 shares during the period. Patton Albertson Miller Group LLC acquired a new stake in shares of Alphabet during the 3rd quarter valued at about $116,000. ELM Advisors LLC acquired a new stake in shares of Alphabet during the 3rd quarter valued at about $138,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Alphabet during the 3rd quarter valued at about $161,000. Finally, Blackhawk Capital Partners LLC. grew its position in shares of Alphabet by 148.6% during the 2nd quarter. Blackhawk Capital Partners LLC. now owns 174 shares of the information services provider’s stock valued at $194,000 after acquiring an additional 104 shares during the period. 34.12% of the stock is currently owned by institutional investors.

Get Alphabet alerts:

GOOG opened at $1,132.80 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. Alphabet Inc has a 1-year low of $970.11 and a 1-year high of $1,273.89. The company has a market capitalization of $772.95 billion, a price-to-earnings ratio of 24.99 and a beta of 1.06.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $10.86 by $1.91. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. The business had revenue of $39.28 billion for the quarter, compared to analyst estimates of $38.91 billion. During the same period last year, the company posted $9.70 EPS. The business’s revenue was up 21.5% on a year-over-year basis.

In other Alphabet news, VP Amie Thuener O’toole sold 80 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $1,103.12, for a total value of $88,249.60. Following the transaction, the vice president now directly owns 388 shares of the company’s stock, valued at approximately $428,010.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 194 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $1,120.68, for a total transaction of $217,411.92. Following the completion of the transaction, the director now directly owns 1,797 shares in the company, valued at $2,013,861.96. The disclosure for this sale can be found here. Insiders sold a total of 89,495 shares of company stock worth $94,244,736 over the last three months. Corporate insiders own 13.11% of the company’s stock.

GOOG has been the topic of a number of analyst reports. BidaskClub upgraded Alphabet from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 13th. Barclays reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 26th. DZ Bank reaffirmed a “buy” rating on shares of Alphabet in a research note on Thursday, October 18th. ValuEngine lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Nomura reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, October 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $1,311.71.

COPYRIGHT VIOLATION NOTICE: “Amica Mutual Insurance Co. Cuts Holdings in Alphabet Inc (GOOG)” was reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.tickerreport.com/banking-finance/4126419/amica-mutual-insurance-co-cuts-holdings-in-alphabet-inc-goog.html.

Alphabet Profile

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.

Recommended Story: Google Finance Portfolio Tips and Tricks

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).