Sage Capital Advisors llc Buys New Holdings in Alphabet Inc (GOOGL)

Sage Capital Advisors llc bought a new position in shares of Alphabet Inc (NASDAQ:GOOGL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,654 shares of the information services provider’s stock, valued at approximately $3,397,000. Alphabet comprises about 2.5% of Sage Capital Advisors llc’s investment portfolio, making the stock its 10th largest holding.

Several other institutional investors also recently modified their holdings of GOOGL. Harbour Capital Advisors LLC boosted its holdings in shares of Alphabet by 65,026.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock worth $800,000 after purchasing an additional 742,602 shares during the last quarter. Investec Asset Management LTD lifted its holdings in Alphabet by 62.7% in the first quarter. Investec Asset Management LTD now owns 621,109 shares of the information services provider’s stock valued at $526,576,000 after acquiring an additional 239,390 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Alphabet in the second quarter valued at approximately $222,766,000. Karp Capital Management Corp lifted its holdings in Alphabet by 5,218.2% in the first quarter. Karp Capital Management Corp now owns 199,752 shares of the information services provider’s stock valued at $169,350,000 after acquiring an additional 195,996 shares during the last quarter. Finally, State Street Corp lifted its holdings in Alphabet by 1.2% in the first quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after acquiring an additional 142,214 shares during the last quarter. Institutional investors and hedge funds own 33.62% of the company’s stock.

Alphabet Inc (NASDAQ GOOGL) opened at $1,025.07 on Monday. The company has a market capitalization of $712,219.63, a price-to-earnings ratio of 34.32, a P/E/G ratio of 1.72 and a beta of 0.90. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet Inc has a twelve month low of $759.00 and a twelve month high of $1,080.00.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the consensus estimate of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same quarter in the prior year, the company posted $9.06 earnings per share. equities analysts expect that Alphabet Inc will post 32.34 EPS for the current fiscal year.

A number of research firms recently commented on GOOGL. Vetr upgraded Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 price objective on the stock in a report on Monday, November 6th. Zacks Investment Research cut Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Citigroup reiterated a “buy” rating on shares of Alphabet in a report on Monday, October 30th. Stifel Nicolaus upped their price objective on Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Pivotal Research reiterated a “hold” rating and issued a $990.00 price objective on shares of Alphabet in a report on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,088.53.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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