NORTHSTAR ASSET MANAGEMENT Co Has $2.76 Million Stock Position in Alphabet Inc. $GOOG

NORTHSTAR ASSET MANAGEMENT Co trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 6.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,530 shares of the information services provider’s stock after selling 1,065 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co’s holdings in Alphabet were worth $2,755,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOG. ACT Advisors LLC. raised its holdings in shares of Alphabet by 3.5% in the 2nd quarter. ACT Advisors LLC. now owns 1,625 shares of the information services provider’s stock worth $288,000 after buying an additional 55 shares in the last quarter. Moser Wealth Advisors LLC lifted its holdings in shares of Alphabet by 2.2% during the second quarter. Moser Wealth Advisors LLC now owns 2,545 shares of the information services provider’s stock valued at $451,000 after acquiring an additional 55 shares during the period. LongView Wealth Management boosted its stake in shares of Alphabet by 1.1% in the 2nd quarter. LongView Wealth Management now owns 5,126 shares of the information services provider’s stock valued at $909,000 after purchasing an additional 56 shares in the last quarter. Kooman & Associates grew its holdings in shares of Alphabet by 1.4% in the 2nd quarter. Kooman & Associates now owns 4,127 shares of the information services provider’s stock worth $732,000 after purchasing an additional 56 shares during the last quarter. Finally, Greenup Street Wealth Management LLC increased its position in shares of Alphabet by 0.5% during the 2nd quarter. Greenup Street Wealth Management LLC now owns 11,656 shares of the information services provider’s stock worth $2,068,000 after purchasing an additional 56 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on GOOG shares. UBS Group set a $255.00 price target on shares of Alphabet and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Robert W. Baird lifted their price target on Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Pivotal Research lifted their price target on shares of Alphabet from $245.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Oppenheimer set a $300.00 price objective on Alphabet and gave the company an “outperform” rating in a research note on Monday, October 20th. Finally, TD Cowen raised their target price on Alphabet from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $249.68.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the sale, the chief accounting officer directly owned 17,293 shares in the company, valued at $4,236,785. This represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the sale, the insider owned 42,999 shares of the company’s stock, valued at $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 246,150 shares of company stock worth $55,805,379 in the last quarter. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Up 2.7%

Shares of GOOG opened at $260.51 on Monday. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $262.51. The business’s 50 day moving average is $237.33 and its 200 day moving average is $196.91. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.15 trillion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.