Price Wealth Management Inc. Grows Position in Alphabet Inc (GOOGL)

Price Wealth Management Inc. increased its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 74.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 180 shares of the information services provider’s stock after purchasing an additional 77 shares during the period. Price Wealth Management Inc.’s holdings in Alphabet were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GOOGL. Jaffetilchin Investment Partners LLC increased its stake in shares of Alphabet by 7.7% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 572 shares of the information services provider’s stock valued at $646,000 after purchasing an additional 41 shares during the last quarter. Boston Family Office LLC increased its stake in shares of Alphabet by 1.8% in the 2nd quarter. Boston Family Office LLC now owns 2,452 shares of the information services provider’s stock valued at $2,769,000 after purchasing an additional 43 shares during the last quarter. Warren Averett Asset Management LLC increased its stake in shares of Alphabet by 2.7% in the 2nd quarter. Warren Averett Asset Management LLC now owns 1,659 shares of the information services provider’s stock valued at $1,873,000 after purchasing an additional 44 shares during the last quarter. Hollencrest Capital Management increased its stake in shares of Alphabet by 4.1% in the 2nd quarter. Hollencrest Capital Management now owns 1,132 shares of the information services provider’s stock valued at $1,279,000 after purchasing an additional 45 shares during the last quarter. Finally, West Chester Capital Advisors Inc. increased its stake in shares of Alphabet by 11.5% in the 2nd quarter. West Chester Capital Advisors Inc. now owns 437 shares of the information services provider’s stock valued at $494,000 after purchasing an additional 45 shares during the last quarter. 33.42% of the stock is owned by institutional investors and hedge funds.

GOOGL has been the topic of a number of research reports. Monness Crespi & Hardt boosted their price objective on Alphabet from $1,306.00 to $1,415.00 and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Canaccord Genuity restated a “hold” rating and set a $1,170.00 price objective (up previously from $1,050.00) on shares of Alphabet in a research report on Tuesday, July 24th. Mizuho restated a “positive” rating and set a $1,460.00 price objective on shares of Alphabet in a research report on Tuesday, July 24th. Citigroup restated a “buy” rating and set a $1,400.00 price objective (up previously from $1,350.00) on shares of Alphabet in a research report on Tuesday, July 24th. Finally, Macquarie restated a “buy” rating and set a $1,200.00 price objective on shares of Alphabet in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $1,333.29.

NASDAQ GOOGL opened at $1,068.27 on Friday. Alphabet Inc has a 12 month low of $984.00 and a 12 month high of $1,291.44. The stock has a market capitalization of $743.38 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of 1.31 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, beating analysts’ consensus estimates of $10.54 by $2.52. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. The firm had revenue of $27.16 billion for the quarter, compared to analyst estimates of $27.32 billion. Equities research analysts expect that Alphabet Inc will post 45.24 EPS for the current year.

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Alphabet Company Profile

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.

Further Reading: Cost of Equity For A Business, Investors

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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