Gamco Investors INC. ET AL Has $5.35 Million Holdings in Alphabet Inc (GOOGL)

Gamco Investors INC. ET AL lowered its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 8.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,498 shares of the information services provider’s stock after selling 525 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Alphabet were worth $5,354,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in GOOGL. Novare Capital Management LLC grew its stake in shares of Alphabet by 0.9% during the 2nd quarter. Novare Capital Management LLC now owns 8,590 shares of the information services provider’s stock worth $7,986,000 after purchasing an additional 80 shares during the period. Camelot Portfolios LLC acquired a new position in shares of Alphabet during the 2nd quarter worth $211,000. Gardiner Nancy B grew its stake in shares of Alphabet by 5.4% during the 3rd quarter. Gardiner Nancy B now owns 1,450 shares of the information services provider’s stock worth $1,412,000 after purchasing an additional 74 shares during the period. Country Trust Bank acquired a new position in shares of Alphabet during the 2nd quarter worth $44,071,000. Finally, Anchor Capital Advisors LLC grew its stake in shares of Alphabet by 3.0% during the 2nd quarter. Anchor Capital Advisors LLC now owns 378 shares of the information services provider’s stock worth $351,000 after purchasing an additional 11 shares during the period. Institutional investors own 33.55% of the company’s stock.

Alphabet Inc (NASDAQ:GOOGL) opened at $1,130.65 on Friday. Alphabet Inc has a 1-year low of $812.05 and a 1-year high of $1,131.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The company has a market cap of $783,260.00, a P/E ratio of 37.66, a P/E/G ratio of 1.45 and a beta of 0.90.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same quarter last year, the firm 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 have recently weighed in on GOOGL. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,248.00 price target on the stock in a research note on Tuesday, January 9th. SunTrust Banks reissued a “buy” rating and issued a $1,250.00 price objective on shares of Alphabet in a research note on Friday. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,179.78 price objective on the stock in a research note on Monday, January 8th. Cowen increased their price objective on shares of Alphabet from $1,150.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Finally, Robert W. Baird reissued a “buy” rating and issued a $1,150.00 price objective on shares of Alphabet in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $1,100.06.

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About Alphabet

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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