Scholtz & Company LLC Reduces Position in Alphabet Inc (GOOGL)

Scholtz & Company LLC lessened its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 2.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,044 shares of the information services provider’s stock after selling 119 shares during the period. Alphabet accounts for about 4.0% of Scholtz & Company LLC’s portfolio, making the stock its 2nd largest position. Scholtz & Company LLC’s holdings in Alphabet were worth $4,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in GOOGL. Pure Financial Advisors Inc. increased its stake in Alphabet by 0.4% during the 2nd quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock valued at $258,000 after purchasing an additional 1 shares in the last quarter. Baystate Wealth Management LLC increased its stake in Alphabet by 0.7% during the 2nd quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock valued at $288,000 after purchasing an additional 2 shares in the last quarter. First Bank & Trust increased its stake in Alphabet by 0.3% during the 2nd quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock valued at $710,000 after purchasing an additional 2 shares in the last quarter. RB Capital Management LLC increased its stake in Alphabet by 0.4% during the 2nd quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock valued at $654,000 after purchasing an additional 3 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of Alphabet by 0.7% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 422 shares of the information services provider’s stock worth $392,000 after acquiring an additional 3 shares in the last quarter. Institutional investors own 33.62% of the company’s stock.

Several research firms have recently issued reports on GOOGL. Evercore ISI began coverage on shares of Alphabet in a research note on Tuesday, December 5th. They issued an “outperform” rating for the company. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,055.90 target price for the company in a research note on Monday, December 4th. Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Citigroup reiterated a “buy” rating on shares of Alphabet in a research note on Monday, October 30th. Finally, Stifel Nicolaus upped their target price on shares of Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $1,089.17.

Shares of Alphabet Inc (NASDAQ GOOGL) opened at $1,051.97 on Tuesday. The company has a market cap of $729,110.31, a PE ratio of 35.13, a price-to-earnings-growth ratio of 1.76 and a beta of 0.89. Alphabet Inc has a fifty-two week low of $789.62 and a fifty-two week high of $1,080.00. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The business had revenue of $22.27 billion for the quarter, compared to the consensus estimate 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 prior year, the firm earned $9.06 earnings per share. equities research analysts anticipate that Alphabet Inc will post 32.34 EPS for the current year.

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Alphabet Company Profile

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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