Clearstead Advisors LLC cut its stake in Alphabet Inc (NASDAQ:GOOG) by 6.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,227 shares of the information services provider’s stock after selling 143 shares during the period. Clearstead Advisors LLC’s holdings in Alphabet were worth $2,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ironwood Financial llc boosted its stake in shares of Alphabet by 111.1% during the 3rd quarter. Ironwood Financial llc now owns 95 shares of the information services provider’s stock worth $113,000 after buying an additional 50 shares during the last quarter. Patton Albertson Miller Group LLC acquired a new position in shares of Alphabet during the 3rd quarter worth about $116,000. ELM Advisors LLC acquired a new position in shares of Alphabet during the 3rd quarter worth about $138,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Alphabet during the 3rd quarter worth about $161,000. Finally, Drexel Morgan & Co. acquired a new position in shares of Alphabet during the 3rd quarter worth about $201,000. 34.12% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on GOOG shares. Stifel Nicolaus restated a “buy” rating on shares of Alphabet in a research note on Friday, October 26th. UBS Group restated a “buy” rating on shares of Alphabet in a research note on Monday, January 14th. Canaccord Genuity reduced their price objective on shares of Alphabet from $1,170.00 to $1,140.00 and set a “hold” rating for the company in a research note on Friday, October 26th. Deutsche Bank restated a “buy” rating and set a $1,375.00 price objective (up from $1,350.00) on shares of Alphabet in a research note on Tuesday, October 23rd. Finally, Macquarie restated a “buy” rating on shares of Alphabet in a research note on Friday, October 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and a consensus price target of $1,327.66.

Shares of GOOG stock opened at $1,095.06 on Monday. The company has a current ratio of 3.92, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $762.03 billion, a PE ratio of 23.05 and a beta of 1.06. Alphabet Inc has a 52-week low of $970.11 and a 52-week high of $1,273.89.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $10.86 by $1.91. The company had revenue of $39.28 billion for the quarter, compared to analysts’ expectations of $38.91 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. Alphabet’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.70 EPS.

In other Alphabet news, Director L John Doerr sold 11,908 shares of the stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $1,049.76, for a total value of $12,500,542.08. Following the transaction, the director now directly owns 3,485 shares of the company’s stock, valued at approximately $3,658,413.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 10,000 shares of the stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $1,038.35, for a total transaction of $10,383,500.00. Following the completion of the transaction, the chief executive officer now directly owns 519 shares in the company, valued at $538,903.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,805 shares of company stock worth $77,449,341. 13.11% of the stock is owned by insiders.

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About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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