1,180 Shares in Alphabet Inc (GOOG) Purchased by Canton Hathaway LLC

Canton Hathaway LLC purchased a new stake in shares of Alphabet Inc (NASDAQ:GOOG) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,180 shares of the information services provider’s stock, valued at approximately $1,408,000. Alphabet comprises approximately 0.9% of Canton Hathaway LLC’s investment portfolio, making the stock its 12th largest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GOOG. Summit Trail Advisors LLC raised its position in Alphabet by 132,719.3% during the 1st quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock valued at $18,680,000 after purchasing an additional 18,665,638 shares during the last quarter. Private Advisor Group LLC raised its position in Alphabet by 18,323.9% during the 2nd quarter. Private Advisor Group LLC now owns 954,357 shares of the information services provider’s stock valued at $1,064,798,000 after purchasing an additional 949,177 shares during the last quarter. Mainstay Capital Management LLC ADV raised its position in Alphabet by 79,743.5% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 796,838 shares of the information services provider’s stock valued at $1,009,000 after purchasing an additional 795,840 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in Alphabet by 114,793.0% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 723,826 shares of the information services provider’s stock valued at $642,000 after purchasing an additional 723,196 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its position in Alphabet by 37,811.2% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 354,849 shares of the information services provider’s stock valued at $1,691,000 after purchasing an additional 353,913 shares during the last quarter. 40.44% of the stock is owned by institutional investors and hedge funds.

In related news, SVP David C. Drummond sold 5,690 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $1,177.36, for a total transaction of $6,699,178.40. Following the completion of the transaction, the senior vice president now owns 41,234 shares of the company’s stock, valued at approximately $48,547,262.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Amie Thuener O’toole sold 80 shares of the firm’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $1,190.96, for a total value of $95,276.80. Following the transaction, the vice president now directly owns 388 shares of the company’s stock, valued at approximately $462,092.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,437 shares of company stock valued at $98,403,047. 13.11% of the stock is owned by corporate insiders.

Shares of NASDAQ:GOOG opened at $1,036.58 on Friday. Alphabet Inc has a 52-week low of $980.64 and a 52-week high of $1,273.89. The company has a market capitalization of $731.24 billion, a PE ratio of 23.65 and a beta of 1.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $10.41 by $2.65. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. The company had revenue of $27.16 billion during the quarter.

A number of research analysts have commented on GOOG shares. Macquarie reaffirmed a “buy” rating on shares of Alphabet in a research report on Thursday, September 27th. increased their target price on Alphabet to $1,375.00 and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Credit Suisse Group reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 26th. JMP Securities reissued a “buy” rating on shares of Alphabet in a research report on Monday, November 19th. Finally, Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, September 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and an average price target of $1,301.81.

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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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