Bristlecone Advisors LLC Acquires 363 Shares of Alphabet Inc. (NASDAQ:GOOG)

Bristlecone Advisors LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,871 shares of the information services provider’s stock after purchasing an additional 363 shares during the period. Alphabet makes up 0.8% of Bristlecone Advisors LLC’s portfolio, making the stock its 28th biggest position. Bristlecone Advisors LLC’s holdings in Alphabet were worth $10,511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GOOG. Mattern Capital Management LLC boosted its position in shares of Alphabet by 17.1% during the third quarter. Mattern Capital Management LLC now owns 6,122 shares of the information services provider’s stock worth $1,024,000 after buying an additional 896 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Alphabet by 1.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,735,763 shares of the information services provider’s stock worth $285,918,000 after buying an additional 18,138 shares in the last quarter. First Bank & Trust boosted its stake in shares of Alphabet by 0.5% during the 3rd quarter. First Bank & Trust now owns 28,076 shares of the information services provider’s stock worth $4,694,000 after buying an additional 127 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in shares of Alphabet by 15,926.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 594,907 shares of the information services provider’s stock valued at $99,463,000 after acquiring an additional 591,195 shares in the last quarter. Finally, Viewpoint Capital Management LLC increased its position in shares of Alphabet by 16.4% in the third quarter. Viewpoint Capital Management LLC now owns 7,193 shares of the information services provider’s stock valued at $1,189,000 after acquiring an additional 1,012 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GOOG shares. UBS Group decreased their price target on Alphabet from $204.00 to $187.00 and set a “neutral” rating for the company in a research note on Monday, October 7th. Cantor Fitzgerald raised shares of Alphabet to a “hold” rating in a research note on Thursday, September 5th. Pivotal Research began coverage on shares of Alphabet in a research report on Tuesday, October 1st. They set a “buy” rating and a $215.00 price target on the stock. DA Davidson upgraded shares of Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Finally, Scotiabank began coverage on shares of Alphabet in a research note on Friday, October 11th. They set a “sector outperform” rating and a $212.00 price objective on the stock. 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $186.90.

Alphabet Stock Up 1.5 %

Alphabet stock opened at $166.99 on Monday. Alphabet Inc. has a twelve month low of $121.46 and a twelve month high of $193.31. The stock has a market cap of $2.06 trillion, a P/E ratio of 23.96, a P/E/G ratio of 1.27 and a beta of 1.04. The company’s 50-day moving average price is $163.35 and its two-hundred day moving average price is $170.12. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,835 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total transaction of $429,587.55. Following the transaction, the chief accounting officer now owns 29,182 shares in the company, valued at $4,421,948.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Amie Thuener O’toole sold 2,835 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the transaction, the chief accounting officer now directly owns 29,182 shares of the company’s stock, valued at approximately $4,421,948.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Prabhakar Raghavan sold 34,257 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at $50,765,346. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 220,426 shares of company stock worth $35,993,340. Company insiders own 12.99% of the company’s stock.

Alphabet 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.