Suffolk Capital Management LLC decreased its holdings in Alphabet Inc (NASDAQ:GOOGL) by 17.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,286 shares of the information services provider’s stock after selling 1,570 shares during the quarter. Suffolk Capital Management LLC’s holdings in Alphabet were worth $7,095,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Novare Capital Management LLC increased its position in shares of Alphabet by 0.9% during the 2nd quarter. Novare Capital Management LLC now owns 8,590 shares of the information services provider’s stock valued at $7,986,000 after purchasing an additional 80 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in shares of Alphabet during the 2nd quarter valued at about $211,000. Gardiner Nancy B increased its position in shares of Alphabet by 5.4% during the 3rd quarter. Gardiner Nancy B now owns 1,450 shares of the information services provider’s stock valued at $1,412,000 after purchasing an additional 74 shares during the last quarter. Country Trust Bank purchased a new stake in shares of Alphabet during the 2nd quarter valued at about $44,071,000. Finally, Anchor Capital Advisors LLC increased its position in shares of Alphabet by 3.0% during the 2nd quarter. Anchor Capital Advisors LLC now owns 378 shares of the information services provider’s stock valued at $351,000 after purchasing an additional 11 shares during the last quarter. 33.57% of the stock is owned by institutional investors and hedge funds.
Alphabet Inc (NASDAQ:GOOGL) opened at $1,143.50 on Friday. 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 capitalization of $794,505.00, a P/E ratio of 38.28, a PEG ratio of 1.49 and a beta of 0.89. Alphabet Inc has a 52-week low of $812.05 and a 52-week high of $1,148.88.
Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating analysts’ consensus estimates of $8.43 by $1.14. The firm had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period in the prior year, the company earned $9.06 EPS. sell-side analysts predict that Alphabet Inc will post 32.36 earnings per share for the current fiscal year.
Several research firms recently issued reports on GOOGL. Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus reissued a “buy” rating and issued a $1,150.00 target price (up from $1,075.00) on shares of Alphabet in a report on Tuesday, October 24th. Cantor Fitzgerald reissued a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a report on Tuesday, October 24th. Vetr raised shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 target price for the company in a report on Monday, November 6th. Finally, B. Riley reissued a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Monday, September 25th. One equities 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 has a consensus rating of “Buy” and a consensus price target of $1,101.79.
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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