Alexander Labrunerie & CO. Inc. Has $1.94 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Alexander Labrunerie & CO. Inc. cut its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,582 shares of the information services provider’s stock after selling 107 shares during the period. Alphabet comprises about 0.9% of Alexander Labrunerie & CO. Inc.’s investment portfolio, making the stock its 27th largest position. Alexander Labrunerie & CO. Inc.’s holdings in Alphabet were worth $1,936,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GOOG. Leo Wealth LLC raised its position in Alphabet by 14.3% in the third quarter. Leo Wealth LLC now owns 22,217 shares of the information services provider’s stock worth $3,714,000 after purchasing an additional 2,782 shares in the last quarter. Eastern Bank grew its stake in shares of Alphabet by 401.8% in the 3rd quarter. Eastern Bank now owns 80,674 shares of the information services provider’s stock valued at $13,488,000 after purchasing an additional 64,597 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Alphabet by 4.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 525,718 shares of the information services provider’s stock worth $87,895,000 after buying an additional 22,695 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Alphabet during the 3rd quarter worth approximately $14,741,000. Finally, Sweeney & Michel LLC boosted its stake in Alphabet by 0.5% in the 3rd quarter. Sweeney & Michel LLC now owns 66,623 shares of the information services provider’s stock valued at $10,996,000 after buying an additional 340 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of GOOG stock opened at $164.48 on Thursday. The firm has a market cap of $2.03 trillion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a 12 month low of $121.46 and a 12 month high of $193.31. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $163.28 and a 200 day moving average price of $169.92.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The company had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. During the same quarter in the previous year, the company earned $1.44 EPS. Alphabet’s revenue was up 13.6% on a year-over-year basis. Research analysts expect that Alphabet Inc. will post 7.64 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the transaction, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total value of $230,804.28. Following the completion of the sale, the chief accounting officer now directly owns 29,183 shares of the company’s stock, valued at $4,927,257.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 220,426 shares of company stock valued at $35,993,340. Company insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GOOG shares. TD Cowen lifted their price objective on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a research report on Friday, June 28th. Cantor Fitzgerald raised shares of Alphabet to a “hold” rating in a report on Thursday, September 5th. Oppenheimer reduced their target price on Alphabet from $210.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, September 25th. Finally, Wolfe Research raised Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $186.90.

About Alphabet

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.