Seven Bridges Advisors LLC Has $1.48 Million Position in Alphabet Inc. (GOOGL)

Seven Bridges Advisors LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 18.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,595 shares of the information services provider’s stock after selling 362 shares during the period. Alphabet accounts for about 1.3% of Seven Bridges Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Seven Bridges Advisors LLC’s holdings in Alphabet were worth $1,483,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GOOGL. Lakeview Capital Partners LLC raised its holdings in Alphabet by 7.0% in the 2nd quarter. Lakeview Capital Partners LLC now owns 1,394 shares of the information services provider’s stock worth $1,296,000 after acquiring an additional 91 shares during the period. Advisor Partners LLC raised its holdings in Alphabet by 1.4% in the 2nd quarter. Advisor Partners LLC now owns 4,512 shares of the information services provider’s stock worth $4,195,000 after acquiring an additional 62 shares during the period. Alley Co LLC raised its holdings in Alphabet by 4.2% in the 2nd quarter. Alley Co LLC now owns 3,224 shares of the information services provider’s stock worth $2,997,000 after acquiring an additional 130 shares during the period. TD Asset Management Inc. raised its holdings in Alphabet by 5.0% in the 2nd quarter. TD Asset Management Inc. now owns 313,149 shares of the information services provider’s stock worth $291,128,000 after acquiring an additional 14,787 shares during the period. Finally, Northstar Wealth Partners LLC raised its holdings in Alphabet by 3.7% in the 2nd quarter. Northstar Wealth Partners LLC now owns 696 shares of the information services provider’s stock worth $661,000 after acquiring an additional 25 shares during the period. 33.87% of the stock is owned by institutional investors and hedge funds.

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GOOGL has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) lifted their target price on shares of Alphabet from $1,125.00 to $1,175.00 in a report on Friday. Jefferies Group LLC reiterated a “buy” rating and issued a $1,200.00 target price on shares of Alphabet in a report on Tuesday, July 4th. Aegis reiterated a “buy” rating and issued a $1,090.00 target price on shares of Alphabet in a report on Monday, July 3rd. Societe Generale set a $1,210.00 target price on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Finally, Vetr downgraded shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,030.26 target price on the stock. in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $1,086.67.

Shares of Alphabet Inc. (GOOGL) opened at 1033.13 on Tuesday. The company has a market cap of $715.83 billion, a P/E ratio of 37.44 and a beta of 0.96. The firm has a 50-day moving average of $976.09 and a 200 day moving average of $956.78. Alphabet Inc. has a 52 week low of $743.59 and a 52 week high of $1,063.62.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. During the same period last year, the company earned $9.06 EPS. Equities analysts anticipate that Alphabet Inc. will post $31.99 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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