Alphabet Inc (GOOGL) Holdings Trimmed by Rand Wealth LLC

Rand Wealth LLC cut its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,309 shares of the information services provider’s stock after selling 128 shares during the period. Rand Wealth LLC’s holdings in Alphabet were worth $2,248,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Koch Industries Inc. increased its position in shares of Alphabet by 181,219.4% during the 2nd quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock valued at $1,085,000 after purchasing an additional 1,085,504 shares during the last quarter. Harbour Capital Advisors LLC increased its position 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 valued at $800,000 after purchasing an additional 742,602 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Alphabet by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after purchasing an additional 662,279 shares during the last quarter. BlackRock Inc. increased its position in shares of Alphabet by 3.1% during the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after purchasing an additional 567,337 shares during the last quarter. Finally, FMR LLC increased its position in shares of Alphabet by 2.1% during the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock valued at $16,406,366,000 after purchasing an additional 367,634 shares during the last quarter. Institutional investors and hedge funds own 33.53% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Bank of America reaffirmed a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Tuesday, September 26th. B. Riley reissued a “buy” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Monday, September 25th. Wells Fargo & Co reissued an “outperform” rating and issued a $1,250.00 price objective on shares of Alphabet in a report on Wednesday, September 27th. Cantor Fitzgerald reissued a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a report on Thursday, September 21st. Finally, Susquehanna Bancshares reissued a “positive” rating and issued a $1,200.00 price objective on shares of Alphabet in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $1,089.17.

Shares of Alphabet Inc (NASDAQ GOOGL) opened at $1,068.86 on Friday. The stock has a market capitalization of $739,590.00, a PE ratio of 35.60, a PEG ratio of 1.80 and a beta of 0.90. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet Inc has a 12-month low of $789.62 and a 12-month high of $1,086.49.

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, beating the Zacks’ consensus estimate of $8.43 by $1.14. The firm 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 quarter last year, the company posted $9.06 EPS. sell-side analysts forecast that Alphabet Inc will post 32.34 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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