Trust Co. of Oklahoma raised its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 22.4% during the third quarter, HoldingsChannel.com reports. The firm owned 972 shares of the information services provider’s stock after buying an additional 178 shares during the quarter. Trust Co. of Oklahoma’s holdings in Alphabet were worth $1,160,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Lau Associates LLC purchased a new position in shares of Alphabet during the 3rd quarter valued at about $584,000. Bank of Montreal Can raised its stake in shares of Alphabet by 1.6% during the 3rd quarter. Bank of Montreal Can now owns 1,478,458 shares of the information services provider’s stock valued at $1,764,499,000 after buying an additional 23,322 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its stake in shares of Alphabet by 2,059.9% during the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 5,443 shares of the information services provider’s stock valued at $6,496,000 after buying an additional 5,191 shares during the last quarter. Busey Trust CO raised its stake in shares of Alphabet by 1.7% during the 3rd quarter. Busey Trust CO now owns 23,680 shares of the information services provider’s stock valued at $28,260,000 after buying an additional 393 shares during the last quarter. Finally, Rathbone Brothers plc raised its stake in shares of Alphabet by 10.0% during the 3rd quarter. Rathbone Brothers plc now owns 45,815 shares of the information services provider’s stock valued at $54,679,000 after buying an additional 4,163 shares during the last quarter. Institutional investors and hedge funds own 40.44% of the company’s stock.

Shares of Alphabet stock opened at $1,036.58 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 twelve month low of $980.64 and a twelve month high of $1,273.89. The stock has a market capitalization of $743.70 billion, a P/E ratio of 24.05 and a beta of 1.15.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $10.41 by $2.65. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. The firm had revenue of $27.16 billion during the quarter.

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 transaction, the director now owns 1,912 shares in the company, valued at approximately $2,294,189.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David C. Drummond sold 5,690 shares of Alphabet stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $1,177.36, for a total value of $6,699,178.40. Following the completion of the sale, the senior vice president now owns 41,234 shares in the company, valued at $48,547,262.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,437 shares of company stock valued at $98,403,047. 13.11% of the stock is owned by company insiders.

A number of research firms have weighed in on GOOG. Barclays reiterated 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 for the company. Canaccord Genuity reduced their price objective on 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. Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a research note on Monday, September 24th. Finally, Piper Jaffray Companies reduced their price objective on Alphabet to $1,250.00 and set an “overweight” rating for the company in a research note on Friday, October 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $1,301.81.

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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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