Arrow Financial Corp Cuts Holdings in Alphabet Inc (GOOG)

Arrow Financial Corp lowered its position in Alphabet Inc (NASDAQ:GOOG) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,966 shares of the information services provider’s stock after selling 241 shares during the quarter. Arrow Financial Corp’s holdings in Alphabet were worth $2,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOG. Burt Wealth Advisors boosted its stake in shares of Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 20 shares during the period. Signature Estate & Investment Advisors LLC boosted its stake in shares of Alphabet by 3.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 5 shares during the period. Archford Capital Strategies LLC boosted its stake in shares of Alphabet by 400.0% during the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after purchasing an additional 832 shares during the period. Almanack Investment Partners LLC. boosted its stake in shares of Alphabet by 4.5% during the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after purchasing an additional 7 shares during the period. Finally, St. Johns Investment Management Company LLC boosted its stake in shares of Alphabet by 1,046.7% during the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 157 shares during the period. 34.74% of the stock is owned by institutional investors and hedge funds.

In other news, Director Ann Mather sold 38 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total transaction of $36,451.88. Following the completion of the transaction, the director now directly owns 1,797 shares in the company, valued at $1,723,790.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $924.36, for a total value of $3,697,440.00. Following the transaction, the chief executive officer now owns 1,324 shares of the company’s stock, valued at $1,223,852.64. The disclosure for this sale can be found here. Insiders have sold 36,900 shares of company stock valued at $36,837,100 over the last 90 days. Corporate insiders own 13.92% of the company’s stock.

Alphabet Inc (NASDAQ GOOG) opened at $1,077.14 on Tuesday. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $739,400.25, a price-to-earnings ratio of 35.63 and a beta of 0.93. Alphabet Inc has a twelve month low of $770.41 and a twelve month high of $1,078.49.

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, topping analysts’ consensus estimates of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The business had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. During the same quarter in the prior year, the company earned $9.06 earnings per share. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year.

A number of analysts recently commented on the company. Vetr lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,080.50 price target for the company. in a research note on Monday, November 27th. UBS reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, November 27th. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $1,150.00 price target on shares of Alphabet in a research note on Thursday, October 19th. Finally, Pivotal Research raised their price target on Alphabet from $940.00 to $970.00 and gave the stock a “hold” rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have given a buy rating to the company. Alphabet has a consensus rating of “Buy” and a consensus price target of $1,047.45.

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Alphabet Profile

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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