WestEnd Advisors LLC trimmed its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 13.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,064 shares of the information services provider’s stock after selling 7,781 shares during the quarter. Alphabet makes up about 4.4% of WestEnd Advisors LLC’s portfolio, making the stock its 14th biggest holding. WestEnd Advisors LLC’s holdings in Alphabet were worth $50,696,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. BKD Wealth Advisors LLC grew its stake in Alphabet by 36.8% in the 2nd quarter. BKD Wealth Advisors LLC now owns 2,526 shares of the information services provider’s stock valued at $2,348,000 after acquiring an additional 679 shares during the period. Highwater Wealth Management LLC acquired a new stake in Alphabet in the 2nd quarter valued at $244,000. Hellman Jordan Management Co. Inc. MA acquired a new stake in Alphabet in the 2nd quarter valued at $1,267,000. Capital One National Association grew its stake in Alphabet by 11.7% in the 2nd quarter. Capital One National Association now owns 10,150 shares of the information services provider’s stock valued at $9,436,000 after acquiring an additional 1,065 shares during the period. Finally, Farmers Trust Co. grew its stake in Alphabet by 0.4% in the 2nd quarter. Farmers Trust Co. now owns 5,526 shares of the information services provider’s stock valued at $5,137,000 after acquiring an additional 22 shares during the period. 33.57% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on GOOGL shares. Stifel Nicolaus reissued a “buy” rating and issued a $1,075.00 price target on shares of Alphabet in a research note on Monday, September 25th. Jefferies Group reaffirmed a “buy” rating and set a $1,200.00 target price on shares of Alphabet in a research note on Tuesday, October 10th. They noted that the move was a valuation call. Mizuho reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, October 17th. Vetr cut 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 note on Friday, October 6th. Finally, Evercore ISI started coverage on shares of Alphabet in a research note on Tuesday, December 5th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $1,098.90.
Shares of Alphabet Inc (NASDAQ:GOOGL) opened at $1,135.97 on Friday. The stock has a market cap of $787,110.00, a PE ratio of 37.84, a P/E/G ratio of 1.49 and a beta of 0.90. Alphabet Inc has a fifty-two week low of $812.05 and a fifty-two week high of $1,148.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.43 by $1.14. The firm had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same period in the previous year, the firm earned $9.06 EPS. equities analysts predict that Alphabet Inc will post 32.36 earnings per share for the current year.
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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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