NBT Bank N A NY cut its holdings in shares of Alphabet Inc Class C (NASDAQ:GOOG) by 7.5% during the 2nd quarter, Holdings Channel reports. The firm owned 5,130 shares of the information services provider’s stock after selling 415 shares during the quarter. Alphabet Inc Class C makes up approximately 1.0% of NBT Bank N A NY’s portfolio, making the stock its 28th biggest holding. NBT Bank N A NY’s holdings in Alphabet Inc Class C were worth $5,723,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GOOG. Summit Trail Advisors LLC increased its holdings in Alphabet Inc Class C by 132,719.3% during the 1st quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock worth $18,680,000 after purchasing an additional 18,665,638 shares during the last quarter. Magellan Asset Management Ltd increased its holdings in Alphabet Inc Class C by 684.2% during the 1st quarter. Magellan Asset Management Ltd now owns 2,114,849 shares of the information services provider’s stock worth $2,182,080,000 after purchasing an additional 1,845,160 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in Alphabet Inc Class C by 114,793.0% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 723,826 shares of the information services provider’s stock worth $642,000 after purchasing an additional 723,196 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Alphabet Inc Class C by 1.9% in the 1st quarter. BlackRock Inc. now owns 19,071,440 shares of the information services provider’s stock valued at $19,677,721,000 after acquiring an additional 352,952 shares during the last quarter. Finally, TT International increased its holdings in shares of Alphabet Inc Class C by 2,493.6% in the 1st quarter. TT International now owns 205,000 shares of the information services provider’s stock valued at $15,178,000 after acquiring an additional 197,096 shares during the last quarter. Institutional investors own 34.20% of the company’s stock.

NASDAQ:GOOG opened at $1,166.09 on Monday. Alphabet Inc Class C has a 12-month low of $909.70 and a 12-month high of $1,273.89. The company has a market cap of $811.54 billion, a P/E ratio of 28.48 and a beta of 1.11. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02.

Alphabet Inc Class C (NASDAQ:GOOG) last released its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $9.66 by $2.09. Alphabet Inc Class C had a return on equity of 18.24% and a net margin of 13.16%. The business had revenue of $32.66 billion during the quarter, compared to analyst estimates of $32.13 billion. During the same quarter in the previous year, the firm posted $5.01 EPS. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year.

In other Alphabet Inc Class C news, VP Amie Thuener O’toole sold 73 shares of the business’s stock in a transaction on Tuesday, July 3rd. The stock was sold at an average price of $1,135.82, for a total transaction of $82,914.86. Following the completion of the transaction, the vice president now owns 388 shares in the company, valued at approximately $440,698.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 10,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 546 shares of the company’s stock, valued at approximately $633,589.32. The disclosure for this sale can be found here. Insiders have sold a total of 88,362 shares of company stock valued at $105,424,908 in the last 90 days. Insiders own 13.11% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Oppenheimer reiterated a “buy” rating on shares of Alphabet Inc Class C in a report on Wednesday, July 25th. Cowen boosted their price target on Alphabet Inc Class C from $1,245.00 to $1,350.00 and gave the company an “outperform” rating in a report on Friday, July 13th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet Inc Class C in a report on Tuesday, July 24th. Barclays reiterated a “buy” rating on shares of Alphabet Inc Class C in a report on Monday, August 20th. Finally, UBS Group reiterated a “buy” rating on shares of Alphabet Inc Class C in a report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the stock. Alphabet Inc Class C presently has an average rating of “Buy” and an average target price of $1,276.48.

Alphabet Inc Class C Company Profile

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 Inc Class C (NASDAQ:GOOG)

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