Cortland Associates Inc. MO Sells 908 Shares of Alphabet Inc. (GOOGL)

Cortland Associates Inc. MO lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,207 shares of the information services provider’s stock after selling 908 shares during the quarter. Alphabet makes up about 8.1% of Cortland Associates Inc. MO’s investment portfolio, making the stock its 5th largest holding. Cortland Associates Inc. MO’s holdings in Alphabet were worth $42,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Alphabet in the second quarter worth $102,000. Franklin Parlapiano Turner & Welch LLC acquired a new position in Alphabet in the first quarter worth $108,000. Delta Asset Management LLC TN boosted its holdings in Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after purchasing an additional 2 shares during the period. Farmers National Bank boosted its holdings in Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after purchasing an additional 4 shares during the period. Finally, Riggs Asset Managment Co. Inc. boosted its holdings in Alphabet by 58.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock worth $129,000 after purchasing an additional 56 shares during the period. 33.85% of the stock is owned by institutional investors and hedge funds.

Shares of Alphabet Inc. (NASDAQ GOOGL) opened at 987.80 on Wednesday. The company has a market cap of $684.43 billion, a PE ratio of 35.80 and a beta of 0.96. Alphabet Inc. has a 52 week low of $743.59 and a 52 week high of $1,008.61. The company has a 50 day moving average price of $951.32 and a 200 day moving average price of $940.49.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.25 by ($3.24). The firm had revenue of $20.92 billion for the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same quarter in the previous year, the business posted $8.42 earnings per share. On average, equities analysts expect that Alphabet Inc. will post $30.59 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Cortland Associates Inc. MO Sells 908 Shares of Alphabet Inc. (GOOGL)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/11/cortland-associates-inc-mo-sells-908-shares-of-alphabet-inc-googl.html.

A number of research firms have commented on GOOGL. B. Riley reaffirmed a “buy” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Sunday, July 30th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $1,200.00 price objective on shares of Alphabet in a report on Tuesday. They noted that the move was a valuation call. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Sunday. Cowen and Company reaffirmed an “outperform” rating and issued a $1,075.00 price objective on shares of Alphabet in a report on Thursday, August 10th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,058.31.

Alphabet Company Profile

Alphabet Inc is a holding

Other hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Alphabet in the second quarter worth $102,000. Franklin Parlapiano Turner & Welch LLC acquired a new position in Alphabet in the first quarter worth $108,000. Delta Asset Management LLC TN boosted its holdings in Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after purchasing an additional 2 shares during the period. Farmers National Bank boosted its holdings in Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after purchasing an additional 4 shares during the period. Finally, Riggs Asset Managment Co. Inc. boosted its holdings in Alphabet by 58.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock worth $129,000 after purchasing an additional 56 shares during the period. 33.85% of the stock is owned by institutional investors and hedge funds.

Shares of Alphabet Inc. (NASDAQ GOOGL) opened at 987.80 on Wednesday. The company has a market cap of $684.43 billion, a PE ratio of 35.80 and a beta of 0.96. Alphabet Inc. has a 52 week low of $743.59 and a 52 week high of $1,008.61. The company has a 50 day moving average price of $951.32 and a 200 day moving average price of $940.49.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.25 by ($3.24). The firm had revenue of $20.92 billion for the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same quarter in the previous year, the business posted $8.42 earnings per share. On average, equities analysts expect that Alphabet Inc. will post $30.59 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Cortland Associates Inc. MO Sells 908 Shares of Alphabet Inc. (GOOGL)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/11/cortland-associates-inc-mo-sells-908-shares-of-alphabet-inc-googl.html.

A number of research firms have commented on GOOGL. B. Riley reaffirmed a “buy” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Sunday, July 30th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $1,200.00 price objective on shares of Alphabet in a report on Tuesday. They noted that the move was a valuation call. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Sunday. Cowen and Company reaffirmed an “outperform” rating and issued a $1,075.00 price objective on shares of Alphabet in a report on Thursday, August 10th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,058.31.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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