Parisi Gray Wealth Management Purchases 39 Shares of Alphabet Inc (NASDAQ:GOOGL)

Parisi Gray Wealth Management lifted its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 2.4% in the 3rd quarter, Holdings Channel reports. The fund owned 1,637 shares of the information services provider’s stock after buying an additional 39 shares during the quarter. Alphabet accounts for approximately 1.3% of Parisi Gray Wealth Management’s holdings, making the stock its 16th largest position. Parisi Gray Wealth Management’s holdings in Alphabet were worth $1,999,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV lifted its holdings in Alphabet by 7.8% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 125 shares of the information services provider’s stock worth $140,000 after purchasing an additional 9 shares in the last quarter. Copperwynd Financial LLC lifted its holdings in Alphabet by 2.1% during the 2nd quarter. Copperwynd Financial LLC now owns 448 shares of the information services provider’s stock worth $485,000 after purchasing an additional 9 shares in the last quarter. Pensionmark Financial Group LLC lifted its holdings in Alphabet by 4.5% during the 2nd quarter. Pensionmark Financial Group LLC now owns 210 shares of the information services provider’s stock worth $251,000 after purchasing an additional 9 shares in the last quarter. Thomasville National Bank lifted its holdings in Alphabet by 5.0% during the 2nd quarter. Thomasville National Bank now owns 212 shares of the information services provider’s stock worth $230,000 after purchasing an additional 10 shares in the last quarter. Finally, Curbstone Financial Management Corp raised its holdings in shares of Alphabet by 1.6% in the 2nd quarter. Curbstone Financial Management Corp now owns 634 shares of the information services provider’s stock valued at $686,000 after acquiring an additional 10 shares in the last quarter. Institutional investors own 33.50% of the company’s stock.

GOOGL has been the topic of several recent analyst reports. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, July 13th. Cowen set a $1,500.00 price target on Alphabet and gave the company a “buy” rating in a report on Friday, July 26th. Zacks Investment Research raised Alphabet from a “sell” rating to a “hold” rating and set a $1,189.00 price target on the stock in a report on Monday, July 8th. JPMorgan Chase & Co. raised their price target on Alphabet from $1,310.00 to $1,420.00 and gave the company a “positive” rating in a report on Friday, July 26th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $1,450.00 price target on shares of Alphabet in a report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and an average target price of $1,375.78.

GOOGL traded up $12.27 on Wednesday, hitting $1,202.40. 547,917 shares of the company were exchanged, compared to its average volume of 1,566,896. The firm has a fifty day simple moving average of $1,205.66 and a two-hundred day simple moving average of $1,174.22. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98. Alphabet Inc has a 12 month low of $977.66 and a 12 month high of $1,296.97. The stock has a market capitalization of $832.27 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.42 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The business had revenue of $31.71 billion for the quarter, compared to analyst estimates of $30.90 billion. On average, equities analysts expect that Alphabet Inc will post 51.29 earnings per share for the current year.

About Alphabet

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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