Alphabet Inc (GOOGL) Position Trimmed by Perigon Wealth Management LLC

Perigon Wealth Management LLC reduced its position in Alphabet Inc (NASDAQ:GOOGL) by 14.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,363 shares of the information services provider’s stock after selling 591 shares during the quarter. Perigon Wealth Management LLC’s holdings in Alphabet were worth $3,127,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GOOGL. Koch Industries Inc. raised its position in Alphabet by 181,219.4% in the 2nd quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock worth $1,085,000 after purchasing an additional 1,085,504 shares during the period. Harbour Capital Advisors LLC raised its position in Alphabet by 65,026.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock worth $800,000 after purchasing an additional 742,602 shares during the period. Vanguard Group Inc. increased its position in shares of Alphabet by 3.3% during the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after acquiring an additional 662,279 shares during the period. BlackRock Inc. increased its position in shares of Alphabet by 3.1% during the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after acquiring an additional 567,337 shares during the period. Finally, FMR LLC increased its position in shares of Alphabet by 2.1% during the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after acquiring an additional 367,634 shares during the period. 33.62% of the stock is currently owned by institutional investors.

Shares of Alphabet Inc (NASDAQ GOOGL) opened at $1,072.00 on Friday. Alphabet Inc has a one year low of $789.62 and a one year high of $1,080.00. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. The company has a market cap of $741,880.00, a price-to-earnings ratio of 35.20, a PEG ratio of 1.77 and a beta of 0.90.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. During the same period in the previous year, the firm posted $9.06 earnings per share. research analysts predict that Alphabet Inc will post 32.34 EPS for the current fiscal year.

A number of equities analysts have recently commented on GOOGL shares. SunTrust Banks reaffirmed a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Saturday, September 23rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Tuesday, October 24th. Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Vetr lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 target price on the stock. in a research report on Friday, October 6th. Finally, Citigroup reaffirmed a “buy” rating and set a $1,180.00 target price on shares of Alphabet in a research report on Tuesday, October 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $1,089.17.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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