Alphabet Inc (GOOGL) Stake Lowered by Park National Corp OH

Park National Corp OH trimmed its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 17.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 817 shares of the information services provider’s stock after selling 171 shares during the period. Park National Corp OH’s holdings in Alphabet were worth $987,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Jaffetilchin Investment Partners LLC grew its stake in shares of Alphabet by 7.7% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 572 shares of the information services provider’s stock worth $646,000 after buying an additional 41 shares in the last quarter. M Holdings Securities Inc. boosted its stake in shares of Alphabet by 2.0% during the 2nd quarter. M Holdings Securities Inc. now owns 2,096 shares of the information services provider’s stock worth $2,367,000 after purchasing an additional 42 shares during the period. Boston Family Office LLC boosted its stake in shares of Alphabet by 1.8% during the 2nd quarter. Boston Family Office LLC now owns 2,452 shares of the information services provider’s stock worth $2,769,000 after purchasing an additional 43 shares during the period. Warren Averett Asset Management LLC boosted its stake in shares of Alphabet by 2.7% during the 2nd quarter. Warren Averett Asset Management LLC now owns 1,659 shares of the information services provider’s stock worth $1,873,000 after purchasing an additional 44 shares during the period. Finally, Hollencrest Capital Management boosted its stake in shares of Alphabet by 4.1% during the 2nd quarter. Hollencrest Capital Management now owns 1,132 shares of the information services provider’s stock worth $1,279,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 30.54% of the company’s stock.

A number of equities analysts recently commented on GOOGL shares. Morgan Stanley reaffirmed an “overweight” rating and set a $1,500.00 price target (down from $1,515.00) on shares of Alphabet in a research note on Wednesday, November 14th. Bank of America reduced their price target on shares of Alphabet from $1,390.00 to $1,350.00 and set a “buy” rating for the company in a report on Friday, October 26th. Goldman Sachs Group reduced their price objective on shares of Alphabet from $1,500.00 to $1,300.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Macquarie reiterated a “buy” rating and set a $1,250.00 price objective on shares of Alphabet in a research note on Monday, August 27th. Finally, Pivotal Research dropped their target price on shares of Alphabet from $1,080.00 to $1,010.00 and set a “hold” rating on the stock in a research report on Friday, October 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $1,330.17.

GOOGL stock opened at $1,109.65 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. Alphabet Inc has a twelve month low of $984.00 and a twelve month high of $1,291.44. The company has a market cap of $772.18 billion, a price-to-earnings ratio of 34.62, a P/E/G ratio of 1.36 and a beta of 1.06.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, topping analysts’ consensus estimates of $10.54 by $2.52. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. The company had revenue of $27.16 billion for the quarter, compared to analysts’ expectations of $27.32 billion. As a group, analysts predict that Alphabet Inc will post 45.02 earnings per share for the current year.

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Alphabet Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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