Alphabet Inc (NASDAQ:GOOGL) Shares Sold by Legacy Bridge LLC

Legacy Bridge LLC lowered its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 10.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 221 shares of the information services provider’s stock after selling 27 shares during the period. Legacy Bridge LLC’s holdings in Alphabet were worth $270,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GOOGL. Lodestar Investment Counsel LLC IL increased its holdings in shares of Alphabet by 0.8% in the 2nd quarter. Lodestar Investment Counsel LLC IL now owns 4,547 shares of the information services provider’s stock valued at $4,923,000 after purchasing an additional 34 shares in the last quarter. Essex Financial Services Inc. increased its holdings in shares of Alphabet by 4.1% in the 2nd quarter. Essex Financial Services Inc. now owns 4,106 shares of the information services provider’s stock valued at $4,446,000 after purchasing an additional 160 shares in the last quarter. Pacific Wealth Strategies Group Inc. increased its holdings in shares of Alphabet by 2.7% in the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 3,283 shares of the information services provider’s stock valued at $4,009,000 after purchasing an additional 87 shares in the last quarter. Carlson Capital L P increased its holdings in shares of Alphabet by 19.2% in the 2nd quarter. Carlson Capital L P now owns 24,425 shares of the information services provider’s stock valued at $26,447,000 after purchasing an additional 3,935 shares in the last quarter. Finally, Hemenway Trust Co LLC increased its holdings in shares of Alphabet by 2.1% in the 2nd quarter. Hemenway Trust Co LLC now owns 18,121 shares of the information services provider’s stock valued at $19,621,000 after purchasing an additional 378 shares in the last quarter. Institutional investors own 33.52% of the company’s stock.

GOOGL opened at $1,243.00 on Thursday. The firm has a market capitalization of $861.90 billion, a P/E ratio of 26.16, a P/E/G ratio of 1.43 and a beta of 0.99. The firm’s 50 day moving average is $1,212.98 and its 200-day moving average is $1,175.12. Alphabet Inc has a 52-week low of $977.66 and a 52-week high of $1,296.97. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.49 by $2.72. The company had revenue of $31.71 billion for the quarter, compared to analyst estimates of $30.90 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. Equities analysts expect that Alphabet Inc will post 51.29 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. Credit Suisse Group increased their price target on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. JMP Securities increased their price target on shares of Alphabet to $1,450.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Nomura reiterated a “buy” rating and issued a $1,400.00 price target (up previously from $1,300.00) on shares of Alphabet in a report on Friday, July 26th. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, July 13th. Finally, MKM Partners reaffirmed a “buy” rating and set a $1,450.00 price target on shares of Alphabet in a research note on Friday, August 2nd. Eight analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $1,375.78.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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