Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Reduced by Cobblestone Capital Advisors LLC NY


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Cobblestone Capital Advisors LLC NY lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,322 shares of the information services provider’s stock after selling 10 shares during the period. Alphabet comprises about 2.2% of Cobblestone Capital Advisors LLC NY’s portfolio, making the stock its 8th biggest position. Cobblestone Capital Advisors LLC NY’s holdings in Alphabet were worth $28,594,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GOOG. FMR LLC lifted its holdings in shares of Alphabet by 0.9% in the fourth quarter. FMR LLC now owns 7,753,822 shares of the information services provider’s stock valued at $13,583,766,000 after purchasing an additional 66,564 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Alphabet by 2.8% in the third quarter. Morgan Stanley now owns 2,356,998 shares of the information services provider’s stock valued at $3,463,846,000 after purchasing an additional 63,728 shares in the last quarter. Magellan Asset Management Ltd raised its position in shares of Alphabet by 0.8% in the third quarter. Magellan Asset Management Ltd now owns 1,950,852 shares of the information services provider’s stock valued at $2,866,972,000 after buying an additional 15,870 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Alphabet by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,403,302 shares of the information services provider’s stock valued at $2,062,293,000 after buying an additional 28,466 shares during the last quarter. Finally, Sanders Capital LLC raised its position in shares of Alphabet by 3.7% in the third quarter. Sanders Capital LLC now owns 1,368,059 shares of the information services provider’s stock valued at $2,200,713,000 after buying an additional 49,128 shares during the last quarter. 31.94% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of Alphabet from $2,100.00 to $2,350.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Citigroup reissued a “buy” rating on shares of Alphabet in a research report on Friday, February 12th. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 3rd. Barclays reissued a “buy” rating on shares of Alphabet in a research report on Thursday, February 4th. Finally, Jefferies Financial Group boosted their price objective on shares of Alphabet from $2,150.00 to $2,400.00 in a research report on Wednesday, February 3rd. Two equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $2,184.71.

Shares of Alphabet stock traded down $5.79 during trading hours on Tuesday, hitting $2,059.09. The company’s stock had a trading volume of 44,496 shares, compared to its average volume of 1,637,658. Alphabet Inc. has a 1-year low of $1,013.54 and a 1-year high of $2,152.68. The business has a fifty day moving average of $1,922.66 and a 200 day moving average of $1,706.52. The company has a market capitalization of $1.39 trillion, a PE ratio of 38.82, a P/E/G ratio of 1.66 and a beta of 0.98. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, February 1st. The information services provider reported $22.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $15.91 by $6.39. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. The company had revenue of $56.90 billion during the quarter, compared to analyst estimates of $52.86 billion. During the same quarter in the prior year, the business earned $15.35 earnings per share. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Alphabet Inc. will post 52.19 earnings per share for the current fiscal year.

In other news, SVP Philipp Schindler sold 1,385 shares of the company’s stock in a transaction on Wednesday, December 30th. The shares were sold at an average price of $1,762.01, for a total value of $2,440,383.85. Following the completion of the transaction, the senior vice president now directly owns 19,950 shares in the company, valued at $35,152,099.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 30 shares of the company’s stock in a transaction on Tuesday, December 15th. The shares were sold at an average price of $1,764.42, for a total transaction of $52,932.60. Following the completion of the transaction, the chief accounting officer now owns 846 shares of the company’s stock, valued at $1,492,699.32. The disclosure for this sale can be found here. Insiders sold 2,999 shares of company stock valued at $5,434,607 in the last three months. Company insiders own 12.99% of the company’s stock.

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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