Stonebridge Capital Management Inc. Acquires 77 Shares of Alphabet Inc (GOOG)

Stonebridge Capital Management Inc. grew its holdings in Alphabet Inc (NASDAQ:GOOG) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,874 shares of the information services provider’s stock after acquiring an additional 77 shares during the period. Alphabet comprises 1.4% of Stonebridge Capital Management Inc.’s holdings, making the stock its 22nd biggest position. Stonebridge Capital Management Inc.’s holdings in Alphabet were worth $3,715,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GOOG. Burt Wealth Advisors boosted its holdings in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after buying an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in Alphabet by 3.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after buying an additional 5 shares in the last quarter. Almanack Investment Partners LLC. boosted its holdings in Alphabet by 4.5% during the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after buying an additional 7 shares in the last quarter. St. Johns Investment Management Company LLC boosted its holdings in 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 worth $156,000 after buying an additional 157 shares in the last quarter. Finally, Catamount Wealth Management boosted its holdings in Alphabet by 5.8% during the second quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock worth $165,000 after buying an additional 10 shares in the last quarter. 34.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,102.61 on Thursday. The company has a market cap of $768,340.00, a PE ratio of 36.73 and a beta of 0.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc has a 12-month low of $790.52 and a 12-month high of $1,111.27.

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

In other news, Director Ann Mather sold 38 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $1,048.34, for a total value of $39,836.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $993.58, for a total transaction of $3,974,320.00. Following the completion of the sale, the chief executive officer now owns 1,471 shares of the company’s stock, valued at $1,461,556.18. The disclosure for this sale can be found here. Insiders sold 36,900 shares of company stock valued at $37,877,147 over the last quarter. Company insiders own 13.92% of the company’s stock.

A number of analysts recently issued reports on the stock. BidaskClub raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Vetr downgraded shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price target on the stock. in a report on Wednesday. Finally, UBS Group reissued a “buy” rating on shares of Alphabet in a report on Monday, November 27th. Two 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 assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $1,044.41.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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