Northstar Asset Management Inc. Decreases Position in Alphabet Inc. $GOOG

Northstar Asset Management Inc. cut its stake in Alphabet Inc. (NASDAQ:GOOG) by 30.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,993 shares of the information services provider’s stock after selling 1,731 shares during the quarter. Northstar Asset Management Inc.’s holdings in Alphabet were worth $708,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. Brighton Jones LLC lifted its stake in Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after buying an additional 6,410 shares in the last quarter. Revisor Wealth Management LLC lifted its stake in Alphabet by 107.9% in the 1st quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider’s stock worth $572,000 after purchasing an additional 1,899 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Alphabet by 6.2% in the 1st quarter. Golden State Wealth Management LLC now owns 10,160 shares of the information services provider’s stock worth $1,587,000 after purchasing an additional 594 shares in the last quarter. Guardian Asset Advisors LLC lifted its stake in Alphabet by 7.5% in the 1st quarter. Guardian Asset Advisors LLC now owns 14,525 shares of the information services provider’s stock worth $2,272,000 after purchasing an additional 1,009 shares in the last quarter. Finally, Westfuller Advisors LLC lifted its stake in Alphabet by 50.2% in the 1st quarter. Westfuller Advisors LLC now owns 4,303 shares of the information services provider’s stock worth $672,000 after purchasing an additional 1,439 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Up 3.6%

Alphabet stock opened at $269.93 on Tuesday. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $270.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a 50 day moving average price of $238.65 and a 200 day moving average price of $197.67. The company has a market capitalization of $3.26 trillion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 17,816 shares of Alphabet stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $247.42, for a total value of $4,408,034.72. Following the completion of the sale, the insider owned 42,985 shares in the company, valued at approximately $10,635,348.70. This trade represents a 29.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total transaction of $8,129,875.00. Following the completion of the sale, the chief executive officer owned 2,369,619 shares of the company’s stock, valued at $592,760,192.85. This trade represents a 1.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 246,150 shares of company stock worth $55,805,379 in the last three months. Company insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GOOG shares. Phillip Securities lowered shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, September 8th. Roth Capital reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Cowen restated a “buy” rating on shares of Alphabet in a report on Wednesday, October 8th. DA Davidson set a $825.00 price target on shares of Alphabet in a report on Monday. Finally, Morgan Stanley raised their price target on shares of Alphabet from $210.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $280.45.

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.