Bristol John W & Co. Inc. NY cut its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 11.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,206 shares of the information services provider’s stock after selling 11,158 shares during the quarter. Alphabet comprises 2.2% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its 15th biggest holding. Bristol John W & Co. Inc. NY’s holdings in Alphabet were worth $75,612,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GOOG. Blue Fin Capital Inc. increased its holdings in shares of Alphabet by 0.3% during the 1st quarter. Blue Fin Capital Inc. now owns 1,561 shares of the information services provider’s stock worth $1,295,000 after acquiring an additional 5 shares during the last quarter. Winch Advisory Services LLC increased its holdings in shares of Alphabet by 7.6% during the 1st quarter. Winch Advisory Services LLC now owns 4,091 shares of the information services provider’s stock worth $3,394,000 after acquiring an additional 289 shares during the last quarter. OLD National Bancorp IN increased its holdings in shares of Alphabet by 0.5% during the 1st quarter. OLD National Bancorp IN now owns 4,669 shares of the information services provider’s stock worth $3,873,000 after acquiring an additional 21 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Alphabet by 4.1% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 93,288 shares of the information services provider’s stock worth $77,388,000 after acquiring an additional 3,691 shares during the last quarter. Finally, C WorldWide Group Holding A S increased its holdings in shares of 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 worth $407,537,000 after acquiring an additional 50,375 shares during the last quarter. 34.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alphabet Inc (NASDAQ GOOG) opened at $1,037.05 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. Alphabet Inc has a 1 year low of $770.41 and a 1 year high of $1,062.38. The firm has a market capitalization of $716,291.25, a price-to-earnings ratio of 34.51 and a beta of 0.93.

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

A number of research analysts have commented on GOOG shares. SunTrust Banks started coverage on Alphabet in a report on Wednesday, August 16th. They issued a “buy” rating and a $1,100.00 price objective on the stock. Vetr lowered Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,034.88 price objective on the stock. in a report on Wednesday, August 16th. BidaskClub lowered Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. UBS reaffirmed an “overweight” rating on shares of Alphabet in a report on Thursday, August 24th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $1,100.00 price objective on shares of Alphabet in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have issued a buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and an average price target of $1,047.45.

In related news, Director Ann Mather sold 38 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total transaction of $36,451.88. Following the completion of the sale, the director now directly owns 1,797 shares in the company, valued at approximately $1,723,790.22. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total value of $175,544.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,396 shares of company stock valued at $38,242,981. 13.92% of the stock is owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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