Alpha Cubed Investments LLC Sells 53 Shares of Alphabet Inc (GOOGL)

Alpha Cubed Investments LLC lessened its holdings in Alphabet Inc (NASDAQ:GOOGL) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,904 shares of the information services provider’s stock after selling 53 shares during the period. Alphabet comprises approximately 1.6% of Alpha Cubed Investments LLC’s holdings, making the stock its 24th biggest position. Alpha Cubed Investments LLC’s holdings in Alphabet were worth $10,617,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GOOGL. State of Alaska Department of Revenue purchased a new stake in Alphabet in the 2nd quarter worth approximately $102,000. Parkside Financial Bank & Trust increased its holdings in Alphabet by 39.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after acquiring an additional 36 shares in the last quarter. Odey Holdings AG increased its holdings in Alphabet by 18.2% in the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after acquiring an additional 20 shares in the last quarter. Farmers National Bank increased its holdings in Alphabet by 2.7% in the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after acquiring an additional 4 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. increased its holdings in Alphabet by 58.3% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock worth $129,000 after acquiring an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 33.53% of the company’s stock.

GOOGL has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $1,075.00 price objective on shares of Alphabet in a report on Monday, September 25th. UBS reaffirmed a “buy” rating and set a $1,080.00 price objective on shares of Alphabet in a report on Friday, September 8th. Jefferies Group reaffirmed a “buy” rating and set a $1,200.00 price objective on shares of Alphabet in a report on Tuesday, October 10th. They noted that the move was a valuation call. Mizuho reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, October 17th. Finally, Vetr lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price objective for the company. in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $1,089.17.

Shares of Alphabet Inc (GOOGL) opened at $1,068.86 on Friday. The stock has a market capitalization of $740,870.00, a price-to-earnings ratio of 35.60, a P/E/G ratio of 1.80 and a beta of 0.90. Alphabet Inc has a 52-week low of $789.62 and a 52-week high of $1,086.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.43 by $1.14. The company had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period last year, the company earned $9.06 earnings per share. analysts anticipate that Alphabet Inc will post 32.34 EPS for the current year.

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Alphabet 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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