Selz Capital LLC Buys 300 Shares of Alphabet Inc (NASDAQ:GOOGL)

Selz Capital LLC lifted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,800 shares of the information services provider’s stock after purchasing an additional 300 shares during the period. Alphabet makes up about 3.3% of Selz Capital LLC’s investment portfolio, making the stock its 10th biggest position. Selz Capital LLC’s holdings in Alphabet were worth $13,188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in GOOGL. Lodestar Investment Counsel LLC IL raised its stake in shares of Alphabet by 0.8% during the second quarter. Lodestar Investment Counsel LLC IL now owns 4,547 shares of the information services provider’s stock worth $4,923,000 after buying an additional 34 shares during the last quarter. Essex Financial Services Inc. raised its stake in shares of Alphabet by 4.1% during the second quarter. Essex Financial Services Inc. now owns 4,106 shares of the information services provider’s stock worth $4,446,000 after buying an additional 160 shares during the last quarter. Pacific Wealth Strategies Group Inc. raised its stake in shares of Alphabet by 2.7% during the third quarter. Pacific Wealth Strategies Group Inc. now owns 3,283 shares of the information services provider’s stock worth $4,009,000 after buying an additional 87 shares during the last quarter. Carlson Capital L P raised its stake in shares of Alphabet by 19.2% during the second quarter. Carlson Capital L P now owns 24,425 shares of the information services provider’s stock worth $26,447,000 after buying an additional 3,935 shares during the last quarter. Finally, Shellback Capital LP bought a new stake in shares of Alphabet during the fourth quarter worth approximately $6,270,000. Institutional investors own 33.50% of the company’s stock.

Shares of GOOGL stock traded up $15.00 during trading hours on Friday, hitting $1,224.47. 648,621 shares of the company were exchanged, compared to its average volume of 1,311,059. The business has a 50 day moving average of $1,206.08 and a two-hundred day moving average of $1,174.07. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 52 week low of $977.66 and a 52 week high of $1,296.97. The company has a market capitalization of $847.70 billion, a PE ratio of 25.77, a PEG ratio of 1.40 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The company had revenue of $31.71 billion during the quarter, compared to the consensus estimate of $30.90 billion. On average, research analysts forecast that Alphabet Inc will post 51.29 EPS for the current year.

A number of equities research analysts recently weighed in on GOOGL shares. Wedbush boosted their price target on shares of Alphabet from $1,350.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. They noted that the move was a valuation call. Canaccord Genuity boosted their price target on shares of Alphabet from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. upped their target price on shares of Alphabet from $1,310.00 to $1,420.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Macquarie set a $1,300.00 target price on shares of Alphabet and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Zacks Investment Research raised shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,189.00 target price for the company in a research note on Monday, July 8th. Eight investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $1,375.78.

Alphabet Company 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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