Northeast Financial Consultants Inc increased its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,106 shares of the information services provider’s stock after purchasing an additional 488 shares during the quarter. Alphabet makes up approximately 1.7% of Northeast Financial Consultants Inc’s holdings, making the stock its 14th largest holding. Northeast Financial Consultants Inc’s holdings in Alphabet were worth $6,094,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GOOG. Sadoff Investment Management LLC acquired a new stake in shares of Alphabet in the 2nd quarter worth about $281,000. State of Wisconsin Investment Board increased its stake in Alphabet by 14.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 283,588 shares of the information services provider’s stock valued at $316,385,000 after buying an additional 36,473 shares during the last quarter. Traynor Capital Management Inc. increased its stake in Alphabet by 3.1% in the 2nd quarter. Traynor Capital Management Inc. now owns 6,942 shares of the information services provider’s stock valued at $7,822,000 after buying an additional 207 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in Alphabet by 3.6% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 6,680 shares of the information services provider’s stock valued at $7,453,000 after buying an additional 235 shares during the last quarter. Finally, Global Financial Private Capital LLC increased its stake in Alphabet by 7.9% in the 2nd quarter. Global Financial Private Capital LLC now owns 893 shares of the information services provider’s stock valued at $996,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 34.09% of the company’s stock.

Several research firms have commented on GOOG. Barclays reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 26th. Wedbush began coverage on shares of Alphabet in a research note on Wednesday, October 17th. They issued an “outperform” rating for the company. Canaccord Genuity decreased their price objective on shares of Alphabet from $1,170.00 to $1,140.00 and set a “hold” rating for the company in a research note on Friday, October 26th. Piper Jaffray Companies decreased their price objective on shares of Alphabet to $1,250.00 and set an “overweight” rating for the company in a research note on Friday, October 26th. Finally, Deutsche Bank decreased their price objective on shares of Alphabet from $1,350.00 to $1,300.00 and set a “buy” rating for the company in a research note on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-nine have issued a buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and an average target price of $1,300.16.

In other news, VP Amie Thuener O’toole sold 80 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $1,103.12, for a total transaction of $88,249.60. Following the completion of the sale, the vice president now owns 388 shares in the company, valued at approximately $428,010.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 194 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $1,120.68, for a total transaction of $217,411.92. Following the sale, the director now owns 1,797 shares of the company’s stock, valued at approximately $2,013,861.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,366 shares of company stock valued at $94,101,185. 13.11% of the stock is currently owned by company insiders.

Shares of GOOG stock opened at $1,116.37 on Friday. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 12-month low of $970.11 and a 12-month high of $1,273.89. The company has a market cap of $757.85 billion, a PE ratio of 24.51 and a beta of 1.07.

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Alphabet 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 (NASDAQ:GOOG)

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