Bristol John W & Co. Inc. NY lifted its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 0.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 69,609 shares of the information services provider’s stock after purchasing an additional 573 shares during the period. Alphabet accounts for about 2.3% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its 18th largest position. Bristol John W & Co. Inc. NY’s holdings in Alphabet were worth $102,297,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Verition Fund Management LLC bought a new stake in shares of Alphabet during the second quarter worth $11,845,000. Adams Asset Advisors LLC acquired a new position in shares of Alphabet during the second quarter valued at $1,484,000. Telemus Capital LLC lifted its stake in shares of Alphabet by 2.6% during the second quarter. Telemus Capital LLC now owns 7,909 shares of the information services provider’s stock valued at $12,193,000 after acquiring an additional 198 shares during the period. Ashfield Capital Partners LLC lifted its stake in shares of Alphabet by 6.7% during the second quarter. Ashfield Capital Partners LLC now owns 14,950 shares of the information services provider’s stock valued at $21,133,000 after acquiring an additional 944 shares during the period. Finally, Diversified Trust Co lifted its stake in shares of Alphabet by 6.9% during the second quarter. Diversified Trust Co now owns 2,229 shares of the information services provider’s stock valued at $3,151,000 after acquiring an additional 143 shares during the period. Institutional investors own 32.42% of the company’s stock.

In other Alphabet news, Director Ann Mather sold 22 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $1,484.27, for a total value of $32,653.94. Following the completion of the transaction, the director now directly owns 1,134 shares in the company, valued at $1,683,162.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 60 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $1,473.43, for a total value of $88,405.80. Following the completion of the sale, the director now directly owns 548 shares of the company’s stock, valued at $807,439.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142 shares of company stock valued at $213,357. Corporate insiders own 12.99% of the company’s stock.

Several brokerages have recently issued reports on GOOG. Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, July 31st. Pivotal Research upped their price target on Alphabet from $1,575.00 to $1,725.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Barclays reissued a “buy” rating on shares of Alphabet in a research note on Monday, August 3rd. Zacks Investment Research lowered Alphabet from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Robert W. Baird increased their target price on Alphabet from $1,650.00 to $1,675.00 in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Alphabet has an average rating of “Buy” and an average price target of $1,714.70.

Shares of NASDAQ:GOOG traded up $4.20 during mid-day trading on Tuesday, reaching $1,594.65. 75,611 shares of the stock were exchanged, compared to its average volume of 1,943,186. The company has a quick ratio of 3.40, a current ratio of 3.41 and a debt-to-equity ratio of 0.02. The stock’s 50 day simple moving average is $1,516.14 and its 200-day simple moving average is $1,459.88. The company has a market cap of $1,081.77 billion, a P/E ratio of 35.13, a P/E/G ratio of 2.11 and a beta of 1.10. Alphabet Inc has a one year low of $1,013.54 and a one year high of $1,733.18.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 30th. The information services provider reported $10.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $8.43 by $1.70. The firm had revenue of $31.60 billion during the quarter, compared to the consensus estimate of $30.58 billion. Alphabet had a return on equity of 15.62% and a net margin of 18.99%. Analysts anticipate that Alphabet Inc will post 44.93 EPS for the current fiscal year.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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