USA Financial Portformulas Corp Has $3.28 Million Position in Alphabet Inc (GOOGL)

USA Financial Portformulas Corp lowered its holdings in Alphabet Inc (NASDAQ:GOOGL) by 43.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,366 shares of the information services provider’s stock after selling 2,609 shares during the quarter. USA Financial Portformulas Corp’s holdings in Alphabet were worth $3,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in Alphabet during the second quarter worth about $102,000. Parkside Financial Bank & Trust grew its stake in Alphabet by 39.6% during the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after buying an additional 36 shares during the last quarter. Odey Holdings AG grew its stake in Alphabet by 18.2% during the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after buying an additional 20 shares during the last quarter. Lloyds Banking Group plc bought a new stake in Alphabet during the second quarter worth about $133,000. Finally, Farmers National Bank grew its stake in Alphabet by 3.3% during the second quarter. Farmers National Bank now owns 155 shares of the information services provider’s stock worth $144,000 after buying an additional 5 shares during the last quarter. 33.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alphabet Inc (GOOGL) opened at $1,130.65 on Tuesday. Alphabet Inc has a 12 month low of $812.05 and a 12 month high of $1,131.30. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The company has a market cap of $785,576.81, a P/E ratio of 37.85, a price-to-earnings-growth ratio of 1.48 and a beta of 0.89.

Alphabet (NASDAQ:GOOGL) last issued its 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 during the quarter, compared to the consensus estimate of $21.94 billion. During the same quarter in the prior year, the firm earned $9.06 earnings per share. equities research analysts forecast that Alphabet Inc will post 32.34 EPS for the current fiscal year.

Several analysts have weighed in on GOOGL shares. Vetr raised shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,046.78 price objective on the stock in a research note on Monday, September 18th. Citigroup reaffirmed a “buy” rating and set a $1,180.00 price objective on shares of Alphabet in a research note on Wednesday, September 20th. Susquehanna Bancshares reaffirmed a “positive” rating and set a $1,200.00 price objective on shares of Alphabet in a research note on Thursday, September 21st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a research note on Thursday, September 21st. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a research note on Saturday, September 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $1,098.50.

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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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