Stoneridge Investment Partners LLC decreased its stake in Alphabet Inc (NASDAQ:GOOG) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,252 shares of the information services provider’s stock after selling 539 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in Alphabet were worth $6,955,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GOOG. Vanguard Group Inc. boosted its stake in shares of Alphabet by 3.0% in the second quarter. Vanguard Group Inc. now owns 20,440,038 shares of the information services provider’s stock worth $18,574,476,000 after acquiring an additional 589,654 shares during the period. BlackRock Inc. boosted its stake in shares of Alphabet by 4.8% in the second quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock worth $16,409,850,000 after acquiring an additional 826,480 shares during the period. FMR LLC boosted its stake in shares of Alphabet by 0.4% in the second quarter. FMR LLC now owns 13,971,679 shares of the information services provider’s stock worth $12,696,484,000 after acquiring an additional 62,507 shares during the period. Capital World Investors boosted its stake in shares of Alphabet by 13.9% in the second quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock worth $5,789,842,000 after acquiring an additional 776,853 shares during the period. Finally, Capital Research Global Investors boosted its stake in shares of Alphabet by 3.2% in the second quarter. Capital Research Global Investors now owns 4,983,431 shares of the information services provider’s stock worth $4,528,593,000 after acquiring an additional 155,151 shares during the period. Institutional investors and hedge funds own 34.63% of the company’s stock.

Shares of Alphabet Inc (GOOG) opened at $1,122.26 on Friday. The stock has a market capitalization of $782,650.00, a P/E ratio of 37.38 and a beta of 0.94. Alphabet Inc has a one year low of $790.52 and a one year high of $1,124.29. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

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

In other news, Director Ann Mather sold 38 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total value of $38,653.98. Following the sale, the director now directly owns 1,805 shares in the company, valued at $1,836,064.05. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director L John Doerr sold 12,236 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the completion of the sale, the director now owns 3,485 shares in the company, valued at $3,560,171.45. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock valued at $37,877,147 over the last ninety days. Corporate insiders own 13.92% of the company’s stock.

A number of equities analysts have recently weighed in on GOOG shares. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Deutsche Bank reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, October 25th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 20th. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, September 29th. Finally, Bank of America reaffirmed a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,052.31.

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About Alphabet

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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