Global Retirement Partners LLC trimmed its stake in Alphabet Inc (NASDAQ:GOOGL) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,348 shares of the information services provider’s stock after selling 177 shares during the period. Global Retirement Partners LLC’s holdings in Alphabet were worth $3,145,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Roof Eidam & Maycock ADV purchased a new stake in shares of Alphabet in the 3rd quarter worth about $33,000. Garrett Wealth Advisory Group LLC purchased a new stake in shares of Alphabet in the 3rd quarter worth about $39,000. Regal Wealth Group Inc. lifted its position in shares of Alphabet by 55.2% in the 4th quarter. Regal Wealth Group Inc. now owns 45 shares of the information services provider’s stock worth $60,000 after purchasing an additional 16 shares during the period. Vista Private Wealth Partners. LLC purchased a new stake in shares of Alphabet in the 3rd quarter worth about $60,000. Finally, Investors Research Corp lifted its position in shares of Alphabet by 72.4% in the 3rd quarter. Investors Research Corp now owns 50 shares of the information services provider’s stock worth $61,000 after purchasing an additional 21 shares during the period. 33.92% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the stock. Guggenheim dropped their target price on shares of Alphabet from $1,525.00 to $1,460.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Stifel Nicolaus raised shares of Alphabet from a “hold” rating to a “buy” rating and raised their target price for the stock from $1,325.00 to $1,525.00 in a research report on Thursday, December 5th. Credit Suisse Group reiterated an “outperform” rating and issued a $1,700.00 price target (up from $1,500.00) on shares of Alphabet in a research note on Wednesday, October 23rd. They noted that the move was a valuation call. BMO Capital Markets set a $1,245.00 price target on shares of Alphabet and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Bank of America reiterated a “buy” rating and issued a $1,450.00 price target on shares of Alphabet in a research note on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and forty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $1,459.49.
Shares of GOOGL stock opened at $1,484.69 on Friday. The company has a 50 day moving average price of $1,384.27 and a 200-day moving average price of $1,263.24. Alphabet Inc has a 52 week low of $1,027.03 and a 52 week high of $1,500.58. The firm has a market capitalization of $1,023.61 billion, a PE ratio of 30.29, a P/E/G ratio of 1.62 and a beta of 1.01. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results 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 return on equity of 18.34% and a net margin of 21.04%. The company had revenue of $33.01 billion during the quarter, compared to the consensus estimate of $32.84 billion. During the same quarter in the prior year, the firm earned $13.06 earnings per share. Analysts anticipate that Alphabet Inc will post 49.03 earnings per share for the current year.
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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