Sage Capital Advisors llc trimmed its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,585 shares of the information services provider’s stock after selling 69 shares during the period. Alphabet accounts for 2.4% of Sage Capital Advisors llc’s portfolio, making the stock its 10th largest holding. Sage Capital Advisors llc’s holdings in Alphabet were worth $3,491,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in GOOGL. Odey Holdings AG grew its stake in Alphabet by 18.2% during the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock valued at $121,000 after acquiring an additional 20 shares in the last quarter. Stelac Advisory Services LLC purchased a new position in Alphabet during the third quarter valued at $126,000. Lloyds Banking Group plc purchased a new position in Alphabet during the second quarter valued at $133,000. Wealthcare Advisory Partners LLC purchased a new position in Alphabet during the third quarter valued at $137,000. Finally, Farmers National Bank grew its stake in Alphabet by 3.3% during the second quarter. Farmers National Bank now owns 155 shares of the information services provider’s stock valued at $144,000 after acquiring an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 34.38% of the company’s stock.
Alphabet Inc (NASDAQ:GOOGL) traded up $9.78 during trading hours on Wednesday, hitting $1,149.69. 1,613,897 shares of the stock traded hands, compared to its average volume of 2,046,889. Alphabet Inc has a twelve month low of $824.30 and a twelve month high of $1,198.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14. The company has a market cap of $798,620.00, a price-to-earnings ratio of 35.83, a P/E/G ratio of 1.21 and a beta of 0.99.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the consensus estimate of $10.12 by ($0.42). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The business had revenue of $25.87 billion during the quarter, compared to the consensus estimate of $25.65 billion. sell-side analysts expect that Alphabet Inc will post 42.52 EPS for the current fiscal year.
Alphabet declared that its Board of Directors has initiated a share repurchase program on Thursday, February 1st that permits the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization permits the information services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. William Blair reissued an “outperform” rating on shares of Alphabet in a research note on Thursday, February 1st. Vetr raised shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,243.88 price objective for the company in a research note on Monday, February 5th. Stifel Nicolaus cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,150.00 price objective for the company. in a research note on Friday, February 2nd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $1,285.00 price objective on shares of Alphabet in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $1,167.67.
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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