American Capital Management Inc. trimmed its position in Alphabet Inc (NASDAQ:GOOGL) by 24.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,680 shares of the information services provider’s stock after selling 540 shares during the quarter. American Capital Management Inc.’s holdings in Alphabet were worth $1,636,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new position in shares of Alphabet during the second quarter worth approximately $102,000. Parkside Financial Bank & Trust increased its holdings in shares of Alphabet by 39.6% during the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after purchasing an additional 36 shares during the period. Odey Holdings AG increased its holdings in shares of Alphabet by 18.2% during the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after purchasing an additional 20 shares during the period. Lloyds Banking Group plc bought a new position in shares of Alphabet during the second quarter worth approximately $133,000. Finally, Farmers National Bank increased its holdings in shares of Alphabet by 2.7% during the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after purchasing an additional 4 shares during the period. 33.55% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on the stock. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,137.28 target price on the stock. in a report on Thursday. Cowen raised their target price on shares of Alphabet from $1,150.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday. Robert W. Baird reaffirmed a “buy” rating and set a $1,150.00 target price on shares of Alphabet in a report on Tuesday. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,199.00 target price on the stock in a report on Tuesday, December 26th. Finally, Evercore ISI assumed coverage on shares of Alphabet in a research report on Tuesday, December 5th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $1,096.47.
Alphabet Inc (NASDAQ GOOGL) opened at $1,095.76 on Friday. The company has a market cap of $758,160.00, a price-to-earnings ratio of 36.50, a PEG ratio of 1.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc has a fifty-two week low of $805.92 and a fifty-two week high of $1,104.08.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping analysts’ consensus estimates of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same quarter in the previous year, the business earned $9.06 earnings per share. research analysts forecast 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.
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