Alphabet Inc (GOOGL) Position Decreased by Fulton Bank N.A.

Fulton Bank N.A. cut its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,749 shares of the information services provider’s stock after selling 130 shares during the quarter. Fulton Bank N.A.’s holdings in Alphabet were worth $4,625,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new position in Alphabet in the 2nd quarter valued at $102,000. Franklin Parlapiano Turner & Welch LLC acquired a new position in Alphabet in the 1st quarter valued at $108,000. Parkside Financial Bank & Trust grew its holdings in Alphabet by 39.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after buying an additional 36 shares in the last quarter. Odey Holdings AG lifted its position in shares of Alphabet by 18.2% during the 2nd 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 during the period. Finally, Farmers National Bank lifted its position in shares of Alphabet by 2.7% during the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after acquiring an additional 4 shares during the period. 33.62% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Inc (GOOGL) opened at $1,072.00 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The company has a market capitalization of $752,300.00, a PE ratio of 35.40, a price-to-earnings-growth ratio of 1.78 and a beta of 0.90. Alphabet Inc has a 1 year low of $789.62 and a 1 year high of $1,080.00.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the consensus estimate 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 last year, the company earned $9.06 earnings per share. equities research analysts anticipate that Alphabet Inc will post 32.34 EPS for the current fiscal year.

A number of research firms have recently weighed in on GOOGL. UBS reiterated an “overweight” rating on shares of Alphabet in a research report on Thursday, August 24th. Stifel Nicolaus upped their target price on Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Bank of America reiterated a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Tuesday, September 26th. Robert W. Baird reiterated an “outperform” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Saturday, August 26th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $1,150.00 target price on shares of Alphabet in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and a consensus price target of $1,089.17.

TRADEMARK VIOLATION WARNING: “Alphabet Inc (GOOGL) Position Decreased by Fulton Bank N.A.” was posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://transcriptdaily.com/2017/12/17/alphabet-inc-googl-position-decreased-by-fulton-bank-n-a.html.

Alphabet 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)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply