NBT Bank N A NY trimmed its stake in Alphabet Inc. (NASDAQ:GOOG) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,234 shares of the information services provider’s stock after selling 326 shares during the period. NBT Bank N A NY’s holdings in Alphabet were worth $5,665,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Fin Capital Inc. increased its position in Alphabet by 0.3% during the 1st quarter. Blue Fin Capital Inc. now owns 1,561 shares of the information services provider’s stock valued at $1,295,000 after buying an additional 5 shares in the last quarter. Winch Advisory Services LLC increased its position in Alphabet by 7.6% during the 1st quarter. Winch Advisory Services LLC now owns 4,091 shares of the information services provider’s stock valued at $3,394,000 after buying an additional 289 shares in the last quarter. OLD National Bancorp IN increased its position in Alphabet by 0.5% during the 1st quarter. OLD National Bancorp IN now owns 4,669 shares of the information services provider’s stock valued at $3,873,000 after buying an additional 21 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Alphabet by 4.1% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 93,288 shares of the information services provider’s stock valued at $77,388,000 after buying an additional 3,691 shares in the last quarter. Finally, C WorldWide Group Holding A S increased its position in Alphabet by 11.4% during the 1st quarter. C WorldWide Group Holding A S now owns 491,269 shares of the information services provider’s stock valued at $407,537,000 after buying an additional 50,375 shares in the last quarter. 34.73% of the stock is owned by hedge funds and other institutional investors.

GOOG has been the topic of several recent analyst reports. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,050.00 target price on shares of Alphabet in a research report on Wednesday, August 9th. MKM Partners reaffirmed a “buy” rating and set a $1,210.00 target price (up from $1,170.00) on shares of Alphabet in a research report on Thursday, August 10th. Cowen reaffirmed an “outperform” rating and set a $1,075.00 target price on shares of Alphabet in a research report on Thursday, August 10th. SunTrust Banks began coverage on Alphabet in a research note on Wednesday, August 16th. They set a “buy” rating and a $1,100.00 price target on the stock. Finally, Vetr downgraded Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,034.88 price target on the stock. in a research note on Wednesday, August 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $1,047.96.

In related news, Director Ann Mather sold 38 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $1,015.80, for a total value of $38,600.40. Following the completion of the transaction, the director now owns 1,813 shares of the company’s stock, valued at approximately $1,841,645.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $933.08, for a total value of $170,753.64. The disclosure for this sale can be found here. Insiders sold a total of 38,395 shares of company stock valued at $37,941,725 in the last ninety days. 13.92% of the stock is currently owned by insiders.

Shares of Alphabet Inc. (NASDAQ:GOOG) opened at $1,010.17 on Friday. Alphabet Inc. has a one year low of $743.10 and a one year high of $1,062.38. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $709,676.69, a PE ratio of 34.19 and a beta of 0.94.

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

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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