Beech Hill Advisors Inc. Decreases Stake in Alphabet Inc. (GOOGL)

Beech Hill Advisors Inc. decreased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.8% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,984 shares of the company’s stock after selling 203 shares during the period. Alphabet comprises approximately 3.4% of Beech Hill Advisors Inc.’s holdings, making the stock its 4th largest position. Beech Hill Advisors Inc.’s holdings in Alphabet were worth $5,616,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of Alphabet by 97.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 146 shares of the company’s stock worth $102,000 after buying an additional 72 shares in the last quarter. Archford Capital Strategies LLC boosted its position in shares of Alphabet by 29.8% in the second quarter. Archford Capital Strategies LLC now owns 148 shares of the company’s stock worth $104,000 after buying an additional 34 shares in the last quarter. Roble Belko & Company Inc boosted its position in shares of Alphabet by 294.9% in the second quarter. Roble Belko & Company Inc now owns 154 shares of the company’s stock worth $108,000 after buying an additional 115 shares in the last quarter. MCF Advisors LLC boosted its position in shares of Alphabet by 1.9% in the second quarter. MCF Advisors LLC now owns 159 shares of the company’s stock worth $112,000 after buying an additional 3 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new position in shares of Alphabet during the second quarter worth about $117,000. Institutional investors own 34.57% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded down 0.19% on Wednesday, hitting $824.40. The company had a trading volume of 587,224 shares. The stock has a market cap of $568.21 billion, a PE ratio of 30.17 and a beta of 0.89. The company has a 50-day moving average of $797.67 and a 200 day moving average of $786.22. Alphabet Inc. has a 12 month low of $672.66 and a 12 month high of $839.00.

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GOOGL has been the subject of several research analyst reports. Vetr upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $890.66 price target for the company in a report on Saturday, October 29th. Morgan Stanley reiterated a “buy” rating and issued a $880.00 price target on shares of Alphabet in a report on Thursday, September 29th. Cantor Fitzgerald reiterated a “buy” rating and issued a $1,000.00 price target on shares of Alphabet in a report on Wednesday, October 5th. Jefferies Group reiterated a “buy” rating and issued a $1,000.00 price target on shares of Alphabet in a report on Monday, October 3rd. Finally, Needham & Company LLC upped their price target on shares of Alphabet from $900.00 to $925.00 and gave the company a “buy” rating in a report on Friday, October 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $947.51.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOGL

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