Cobblestone Capital Advisors LLC NY increased its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,838 shares of the information services provider’s stock after acquiring an additional 171 shares during the quarter. Alphabet makes up 1.6% of Cobblestone Capital Advisors LLC NY’s investment portfolio, making the stock its 12th largest position. Cobblestone Capital Advisors LLC NY’s holdings in Alphabet were worth $13,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Alphabet by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 20,440,038 shares of the information services provider’s stock worth $18,574,476,000 after buying an additional 589,654 shares during the last quarter. BlackRock Inc. grew its position in shares of Alphabet by 4.8% in the 2nd quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock worth $16,409,850,000 after buying an additional 826,480 shares during the last quarter. FMR LLC grew its position in shares of Alphabet by 0.4% in the 2nd quarter. FMR LLC now owns 13,971,679 shares of the information services provider’s stock worth $12,696,484,000 after buying an additional 62,507 shares during the last quarter. Capital World Investors grew its position in shares of Alphabet by 13.9% in the 2nd quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock worth $5,789,842,000 after buying an additional 776,853 shares during the last quarter. Finally, Capital Research Global Investors grew its position in shares of Alphabet by 3.2% in the 2nd quarter. Capital Research Global Investors now owns 4,983,431 shares of the information services provider’s stock worth $4,528,593,000 after buying an additional 155,151 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

A number of brokerages have recently weighed in on GOOG. BidaskClub upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. JMP Securities reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Cantor Fitzgerald reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Vetr lowered Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price objective on the stock. in a research report on Wednesday, January 10th. Finally, UBS Group reiterated a “buy” rating on shares of Alphabet in a research report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company. Alphabet currently has an average rating of “Buy” and an average price target of $1,052.31.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,018.97, for a total value of $4,075,880.00. Following the completion of the sale, the chief executive officer now owns 1,699 shares of the company’s stock, valued at approximately $1,731,230.03. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP James Grier Campbell sold 183 shares of Alphabet stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $1,048.34, for a total value of $191,846.22. The disclosure for this sale can be found here. Insiders have sold 36,900 shares of company stock valued at $38,411,507 in the last quarter. 13.92% of the stock is owned by company insiders.

Alphabet Inc (NASDAQ GOOG) opened at $1,137.51 on Monday. The stock has a market capitalization of $792,410.00, a price-to-earnings ratio of 37.89 and a beta of 0.94. Alphabet Inc has a one year low of $790.52 and a one year 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 announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $8.31 by $1.26. The business 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%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.06 earnings per share.

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Alphabet 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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