Capital Advisors Ltd. LLC Trims Holdings in Alphabet Inc (NASDAQ:GOOGL)

Capital Advisors Ltd. LLC trimmed its position in Alphabet Inc (NASDAQ:GOOGL) by 70.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33 shares of the information services provider’s stock after selling 78 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Alphabet were worth $40,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Hollencrest Capital Management grew its holdings in Alphabet by 4.0% during the 3rd quarter. Hollencrest Capital Management now owns 1,156 shares of the information services provider’s stock valued at $1,412,000 after buying an additional 44 shares in the last quarter. Fiduciary Financial Services of The Southwest Inc. TX grew its holdings in Alphabet by 2.8% during the 3rd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 2,576 shares of the information services provider’s stock valued at $3,146,000 after buying an additional 69 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Alphabet by 2.4% during the 3rd quarter. Rhumbline Advisers now owns 515,455 shares of the information services provider’s stock valued at $629,443,000 after acquiring an additional 12,251 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Alphabet by 150.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 5,000 shares of the information services provider’s stock valued at $6,106,000 after acquiring an additional 3,000 shares during the last quarter. Finally, FormulaFolio Investments LLC boosted its position in shares of Alphabet by 4.5% during the 3rd quarter. FormulaFolio Investments LLC now owns 1,254 shares of the information services provider’s stock valued at $1,531,000 after acquiring an additional 54 shares during the last quarter. 33.53% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the company. Oppenheimer set a $1,370.00 target price on Alphabet and gave the company a “buy” rating in a research report on Friday, July 26th. FBN Securities set a $1,400.00 target price on Alphabet and gave the company a “buy” rating in a research report on Friday, July 26th. KeyCorp reiterated an “overweight” rating and set a $1,516.00 target price (up from $1,430.00) on shares of Alphabet in a research report on Friday, July 26th. JPMorgan Chase & Co. increased their target price on Alphabet from $1,310.00 to $1,420.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Finally, Bank of America reiterated a “buy” rating and set a $1,450.00 target price on shares of Alphabet in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $1,382.73.

Shares of GOOGL opened at $1,259.11 on Friday. The company has a market cap of $872.75 billion, a PE ratio of 26.50, a P/E/G ratio of 1.46 and a beta of 0.99. The business has a fifty day moving average of $1,223.29 and a 200 day moving average of $1,177.19. Alphabet Inc has a 52-week low of $977.66 and a 52-week high of $1,296.97. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.49 by $2.72. The company had revenue of $31.71 billion during the quarter, compared to the consensus estimate of $30.90 billion. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. As a group, research analysts anticipate that Alphabet Inc will post 51.22 earnings per share for the current fiscal year.

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.

Featured Story: Percentage Decliners

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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