Cobblestone Capital Advisors LLC NY Increases Holdings in Alphabet Inc. (GOOG)

Cobblestone Capital Advisors LLC NY raised its position in Alphabet Inc. (NASDAQ:GOOG) by 0.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 13,667 shares of the information services provider’s stock after acquiring an additional 39 shares during the period. Alphabet makes up about 1.6% of Cobblestone Capital Advisors LLC NY’s holdings, making the stock its 11th largest position. Cobblestone Capital Advisors LLC NY’s holdings in Alphabet were worth $12,420,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Alphabet by 0.3% during the first quarter. State Street Corp now owns 12,067,675 shares of the information services provider’s stock valued at $10,010,859,000 after buying an additional 36,864 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in shares of Alphabet by 87,001.5% during the second quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock valued at $2,194,000 after buying an additional 1,991,465 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Alphabet by 5.8% during the second quarter. Legal & General Group Plc now owns 1,438,707 shares of the information services provider’s stock valued at $1,307,419,000 after buying an additional 79,445 shares during the last quarter. Sanders Capital LLC boosted its position in shares of Alphabet by 2.7% during the second quarter. Sanders Capital LLC now owns 1,232,175 shares of the information services provider’s stock valued at $1,221,079,000 after buying an additional 32,770 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Alphabet by 8.6% during the second quarter. Russell Investments Group Ltd. now owns 952,586 shares of the information services provider’s stock valued at $865,829,000 after buying an additional 75,587 shares during the last quarter. 34.28% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the company. Vetr cut Alphabet from a “buy” rating to a “hold” rating and set a $1,067.64 target price on the stock. in a research report on Monday. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating on shares of Alphabet in a research report on Friday, October 27th. UBS AG reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Macquarie reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have given a buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,047.52.

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Shares of Alphabet Inc. (NASDAQ GOOG) opened at $1,019.09 on Friday. The firm has a market capitalization of $722,800.00, a PE ratio of 34.35 and a beta of 0.96. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a fifty-two week low of $737.02 and a fifty-two week high of $1,048.39.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating analysts’ consensus estimates 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%. Alphabet’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.06 EPS.

In other Alphabet news, Director L John Doerr sold 12,236 shares of the company’s 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 transaction of $12,499,930.52. Following the completion of the transaction, the director now owns 3,485 shares of the company’s stock, valued at approximately $3,560,171.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,020.69, for a total value of $4,082,760.00. Following the transaction, the chief executive officer now directly owns 949 shares of the company’s stock, valued at approximately $968,634.81. The disclosure for this sale can be found here. Insiders have sold a total of 38,394 shares of company stock valued at $37,937,930 in the last ninety days. 13.92% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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