Palladium Partners LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,482 shares of the information services provider’s stock after acquiring an additional 145 shares during the period. Alphabet comprises approximately 2.0% of Palladium Partners LLC’s portfolio, making the stock its 10th largest position. Palladium Partners LLC’s holdings in Alphabet were worth $25,549,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in shares of Alphabet in the second quarter worth $102,000. Franklin Parlapiano Turner & Welch LLC acquired a new position in shares of Alphabet in the first quarter worth $108,000. Parkside Financial Bank & Trust grew its stake in shares of Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after acquiring an additional 36 shares in the last quarter. Delta Asset Management LLC TN grew its stake in shares of 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 acquiring an additional 2 shares in the last quarter. Finally, Farmers National Bank grew its stake in shares of 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 acquiring an additional 4 shares in the last quarter. Institutional investors and hedge funds own 33.87% of the company’s stock.
Several equities analysts have commented on GOOGL shares. Pivotal Research restated a “hold” rating and issued a $980.00 price target (down previously from $990.00) on shares of Alphabet in a research note on Monday, July 17th. Zacks Investment Research downgraded shares of Alphabet from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Needham & Company LLC reiterated a “buy” rating and set a $1,050.00 target price on shares of Alphabet in a research note on Monday, July 17th. Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,016.13 target price for the company. in a research note on Tuesday, July 18th. Finally, J P Morgan Chase & Co boosted their target price on shares of Alphabet from $1,075.00 to $1,115.00 and gave the stock an “overweight” rating in a research note on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company. Alphabet presently has an average rating of “Buy” and an average target price of $1,088.53.
Shares of Alphabet Inc. (NASDAQ GOOGL) traded down $3.57 during midday trading on Friday, reaching $1,044.15. 972,100 shares of the company were exchanged, compared to its average volume of 1,707,533. Alphabet Inc. has a 1 year low of $743.59 and a 1 year high of $1,063.62. The firm has a market capitalization of $725,476.50, a price-to-earnings ratio of 34.96, a P/E/G ratio of 1.76 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77.
Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same quarter last year, the business earned $9.06 earnings per share. analysts anticipate that Alphabet Inc. will post 32.15 EPS for the current fiscal year.
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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