Cambridge Trust Co. trimmed its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 36.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,953 shares of the information services provider’s stock after selling 6,895 shares during the quarter. Cambridge Trust Co.’s holdings in Alphabet were worth $11,464,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GOOG. Xact Kapitalforvaltning AB grew its stake in Alphabet by 1.4% in the second quarter. Xact Kapitalforvaltning AB now owns 60,763 shares of the information services provider’s stock worth $55,217,000 after purchasing an additional 827 shares in the last quarter. Centre Asset Management LLC grew its stake in Alphabet by 2.3% in the second quarter. Centre Asset Management LLC now owns 12,699 shares of the information services provider’s stock worth $11,540,000 after purchasing an additional 280 shares in the last quarter. Curbstone Financial Management Corp grew its stake in Alphabet by 0.6% in the second quarter. Curbstone Financial Management Corp now owns 1,587 shares of the information services provider’s stock worth $1,442,000 after purchasing an additional 10 shares in the last quarter. Norman Fields Gottscho Capital Management LLC grew its stake in Alphabet by 1.9% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 2,150 shares of the information services provider’s stock worth $1,954,000 after purchasing an additional 40 shares in the last quarter. Finally, Trust Co grew its stake in Alphabet by 1.0% in the first quarter. Trust Co now owns 5,110 shares of the information services provider’s stock worth $4,239,000 after purchasing an additional 51 shares in the last quarter. 34.63% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $993.58, for a total transaction of $3,974,320.00. Following the completion of the transaction, the chief executive officer now directly owns 1,471 shares in the company, valued at $1,461,556.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 38 shares of the business’s stock in a transaction that occurred on 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 directly owns 1,805 shares in the company, valued at approximately $1,836,064.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,900 shares of company stock valued at $37,877,147. Insiders own 13.92% of the company’s stock.

A number of research firms recently commented on GOOG. UBS Group reiterated a “buy” rating on shares of Alphabet in a research note on Thursday. BidaskClub upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. SunTrust Banks lifted their price target on Alphabet to $1,250.00 and gave the stock a “buy” rating in a research note on Friday. Vetr downgraded Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price target for the company. in a research note on Wednesday. Finally, Bank of America reiterated a “buy” rating and issued a $1,100.00 price target on shares of Alphabet in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $1,052.31.

Alphabet Inc (NASDAQ GOOG) opened at $1,122.26 on Friday. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $782,040.00, a P/E ratio of 37.38 and a beta of 0.94. Alphabet Inc has a 52-week low of $790.52 and a 52-week high of $1,124.29.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.31 by $1.26. The business 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 business’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm posted $9.06 earnings per share.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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