Alpha Cubed Investments LLC lessened its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,913 shares of the information services provider’s stock after selling 219 shares during the period. Alphabet makes up 1.8% of Alpha Cubed Investments LLC’s portfolio, making the stock its 21st biggest position. Alpha Cubed Investments LLC’s holdings in Alphabet were worth $17,296,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Pacific Wealth Strategies Group Inc. lifted its stake in Alphabet by 2.7% in the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 3,283 shares of the information services provider’s stock valued at $4,009,000 after acquiring an additional 87 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Alphabet by 1.3% during the 3rd quarter. LS Investment Advisors LLC now owns 11,835 shares of the information services provider’s stock worth $14,452,000 after purchasing an additional 151 shares in the last quarter. Prentiss Smith & Co. Inc. bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $201,000. Arjuna Capital raised its stake in shares of Alphabet by 3.4% during the 2nd quarter. Arjuna Capital now owns 5,206 shares of the information services provider’s stock worth $5,637,000 after purchasing an additional 170 shares in the last quarter. Finally, Michael & Susan Dell Foundation raised its stake in shares of Alphabet by 107.8% during the 3rd quarter. Michael & Susan Dell Foundation now owns 5,127 shares of the information services provider’s stock worth $6,261,000 after purchasing an additional 2,660 shares in the last quarter. Institutional investors and hedge funds own 33.55% of the company’s stock.
Shares of NASDAQ GOOGL opened at $1,479.52 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75. The stock’s fifty day moving average price is $1,362.77 and its two-hundred day moving average price is $1,252.10. Alphabet Inc has a one year low of $1,027.03 and a one year high of $1,480.55. The firm has a market cap of $1,000.16 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 1.59 and a beta of 1.01.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing analysts’ consensus estimates of $12.42 by ($2.30). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The firm had revenue of $33.01 billion during the quarter, compared to analyst estimates of $32.84 billion. During the same period in the prior year, the company earned $13.06 earnings per share. On average, equities analysts anticipate that Alphabet Inc will post 49.03 earnings per share for the current fiscal year.
GOOGL has been the topic of a number of analyst reports. Royal Bank of Canada upped their price objective on Alphabet from $1,425.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. Barclays reiterated a “buy” rating and set a $1,400.00 price objective on shares of Alphabet in a research note on Tuesday, October 29th. Pivotal Research reiterated a “buy” rating and set a $1,650.00 price objective on shares of Alphabet in a research note on Friday. Piper Jaffray Companies initiated coverage on Alphabet in a research note on Tuesday, December 3rd. They set an “overweight” rating and a $1,500.00 price objective on the stock. Finally, Evercore ISI reiterated a “positive” rating and set a $1,600.00 price objective (up previously from $1,350.00) on shares of Alphabet in a research note on Monday, January 13th. Six analysts have rated the stock with a hold rating and forty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $1,451.70.
Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.
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