Alphabet Inc (GOOG) is Chesley Taft & Associates LLC’s 3rd Largest Position

Chesley Taft & Associates LLC reduced its position in Alphabet Inc (NASDAQ:GOOG) by 0.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,510 shares of the information services provider’s stock after selling 242 shares during the quarter. Alphabet accounts for about 2.9% of Chesley Taft & Associates LLC’s holdings, making the stock its 3rd largest holding. Chesley Taft & Associates LLC’s holdings in Alphabet were worth $36,413,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Summit Trail Advisors LLC boosted its holdings in shares of Alphabet by 132,719.3% in the 1st quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock worth $18,680,000 after purchasing an additional 18,665,638 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Alphabet by 18,323.9% in the 2nd quarter. Private Advisor Group LLC now owns 954,357 shares of the information services provider’s stock worth $1,064,798,000 after purchasing an additional 949,177 shares in the last quarter. Mainstay Capital Management LLC ADV boosted its holdings in shares of Alphabet by 79,743.5% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 796,838 shares of the information services provider’s stock worth $1,009,000 after purchasing an additional 795,840 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in shares of Alphabet by 114,793.0% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 723,826 shares of the information services provider’s stock worth $642,000 after purchasing an additional 723,196 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its holdings in shares of Alphabet by 37,811.2% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 354,849 shares of the information services provider’s stock worth $1,691,000 after purchasing an additional 353,913 shares in the last quarter. Hedge funds and other institutional investors own 40.44% of the company’s stock.

A number of equities analysts have recently issued reports on GOOG shares. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, August 30th. ValuEngine upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a report on Wednesday, August 29th. Macquarie restated a “buy” rating on shares of Alphabet in a report on Monday, August 27th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Alphabet in a report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and a consensus target price of $1,301.81.

GOOG opened at $1,036.58 on Friday. The company has a market cap of $731.24 billion, a price-to-earnings 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 Inc has a one year low of $980.64 and a one year high of $1,273.89.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, beating analysts’ consensus estimates of $10.41 by $2.65. The business had revenue of $27.16 billion during the quarter. Alphabet had a return on equity of 19.40% and a net margin of 14.45%.

In other Alphabet news, CEO Sundar Pichai sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $1,041.75, for a total transaction of $10,417,500.00. Following the completion of the transaction, the chief executive officer now owns 830 shares of the company’s stock, valued at approximately $864,652.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 25 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $1,199.89, for a total value of $29,997.25. Following the transaction, the director now directly owns 1,912 shares of the company’s stock, valued at approximately $2,294,189.68. The disclosure for this sale can be found here. Insiders have sold a total of 89,437 shares of company stock valued at $98,403,047 in the last ninety days. 13.11% of the stock is currently owned by corporate insiders.

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Alphabet Profile

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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