NBT Bank N A NY cut its stake in Alphabet Inc. (NASDAQ:GOOGL) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,448 shares of the company’s stock after selling 274 shares during the period. NBT Bank N A NY’s holdings in Alphabet were worth $3,577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. Moore Capital Management LP boosted its stake in Alphabet by 80.9% in the first quarter. Moore Capital Management LP now owns 166,000 shares of the company’s stock valued at $126,641,000 after buying an additional 74,234 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Alphabet by 5.9% in the first quarter. Jones Financial Companies Lllp now owns 15,042 shares of the company’s stock valued at $11,476,000 after buying an additional 840 shares during the last quarter. Westend Capital Management LLC boosted its stake in Alphabet by 10.1% in the first quarter. Westend Capital Management LLC now owns 4,195 shares of the company’s stock valued at $3,200,000 after buying an additional 385 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Alphabet during the first quarter valued at about $1,396,000. Finally, Steinberg Global Asset Management boosted its stake in Alphabet by 3.2% in the first quarter. Steinberg Global Asset Management now owns 1,419 shares of the company’s stock valued at $1,082,000 after buying an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 34.63% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Alphabet Inc. (NASDAQ:GOOGL) traded up 0.46% on Tuesday, hitting $789.44. 1,561,793 shares of the company’s stock were exchanged. Alphabet Inc. has a 12-month low of $672.66 and a 12-month high of $839.00. The company has a market cap of $544.11 billion, a PE ratio of 28.89 and a beta of 0.92. The company’s 50-day moving average price is $799.78 and its 200-day moving average price is $772.81.

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Several equities analysts have recently issued reports on GOOGL shares. Canaccord Genuity reiterated a “buy” rating and set a $900.00 target price on shares of Alphabet in a report on Monday, October 24th. Nomura reiterated a “buy” rating and set a $925.00 target price on shares of Alphabet in a report on Wednesday, October 26th. RBC Capital Markets reiterated an “outperform” rating and set a $1,025.00 target price on shares of Alphabet in a report on Wednesday, October 26th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $930.00 target price on shares of Alphabet in a report on Thursday, October 20th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $970.00 target price on shares of Alphabet in a report on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $940.44.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOGL

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