Eldridge Investment Advisors Inc. acquired a new stake in shares of Alphabet Inc (NASDAQ:GOOG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 174 shares of the information services provider’s stock, valued at approximately $207,000.

Other large investors also recently modified their holdings of the company. Braun Bostich & Associates Inc. bought a new position in Alphabet during the 1st quarter valued at $107,000. JJJ Advisors Inc. bought a new position in Alphabet during the 2nd quarter valued at $134,000. ELM Advisors LLC bought a new position in Alphabet during the 3rd quarter valued at $138,000. Blackhawk Capital Partners LLC. lifted its stake in Alphabet by 148.6% during the 2nd quarter. Blackhawk Capital Partners LLC. now owns 174 shares of the information services provider’s stock valued at $194,000 after acquiring an additional 104 shares in the last quarter. Finally, North Point Portfolio Managers Corp OH bought a new position in Alphabet during the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 40.44% of the company’s stock.

In related news, Director Ann Mather sold 25 shares of Alphabet stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $1,199.89, for a total value of $29,997.25. Following the completion of the sale, the director now owns 1,912 shares of the company’s stock, valued at approximately $2,294,189.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 10,000 shares of Alphabet stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $1,160.42, for a total value of $11,604,200.00. Following the completion of the sale, the chief executive officer now directly owns 546 shares of the company’s stock, valued at approximately $633,589.32. The disclosure for this sale can be found here. In the last three months, insiders sold 79,437 shares of company stock valued at $87,985,547. 13.11% of the stock is currently owned by insiders.

Several brokerages have weighed in on GOOG. Barclays restated a “buy” rating on shares of Alphabet in a research note on Friday, October 26th. Wedbush began coverage on Alphabet in a research note on Wednesday, October 17th. They set an “outperform” rating on the stock. Canaccord Genuity dropped their price objective on Alphabet from $1,170.00 to $1,140.00 and set a “hold” rating on the stock in a research note on Friday, October 26th. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research note on Monday, September 24th. Finally, Piper Jaffray Companies dropped their price objective on Alphabet to $1,250.00 and set an “overweight” rating on the stock in a research note on Friday, October 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $1,301.81.

NASDAQ GOOG opened at $1,050.82 on Thursday. The firm has a market cap of $761.59 billion, a PE ratio of 24.90 and a beta of 1.15. Alphabet Inc has a one year low of $980.64 and a one year high of $1,273.89. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, topping the Zacks’ consensus estimate of $10.41 by $2.65. The company had revenue of $27.16 billion for the quarter. Alphabet had a return on equity of 19.40% and a net margin of 14.45%.

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About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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