Heritage Wealth Advisors Acquires Shares of 801 Alphabet Inc. (GOOGL)
Heritage Wealth Advisors acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, Holdings Channel reports. The firm acquired 801 shares of the company’s stock, valued at approximately $563,000.
A number of other institutional investors have also modified their holdings of GOOGL. SevenBridge Financial Group LLC purchased a new position in Alphabet during the first quarter worth approximately $120,000. Dividend Assets Capital LLC purchased a new position in Alphabet during the second quarter worth approximately $120,000. Peoples Financial Services CORP. raised its position in Alphabet by 2.3% in the second quarter. Peoples Financial Services CORP. now owns 221 shares of the company’s stock worth $155,000 after buying an additional 5 shares in the last quarter. Cacti Asset Management LLC purchased a new position in Alphabet during the second quarter worth approximately $162,000. Finally, Founders Capital Management LLC purchased a new position in Alphabet during the second quarter worth approximately $196,000. 34.15% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.55% during midday trading on Tuesday, hitting $799.78. The stock had a trading volume of 1,049,941 shares. Alphabet Inc. has a 52 week low of $617.84 and a 52 week high of $813.88. The company’s 50 day moving average is $799.23 and its 200 day moving average is $753.53. The firm has a market cap of $549.67 billion, a P/E ratio of 30.99 and a beta of 0.98.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. On average, equities analysts predict that Alphabet Inc. will post $34.25 earnings per share for the current fiscal year.
GOOGL has been the topic of several research analyst reports. JPMorgan Chase & Co. restated an “overweight” rating and issued a $950.00 price objective on shares of Alphabet in a research note on Friday, September 9th. Susquehanna restated a “positive” rating and issued a $930.00 price objective on shares of Alphabet in a research note on Monday, July 18th. Jefferies Group restated a “buy” rating and issued a $925.00 price objective on shares of Alphabet in a research note on Monday, July 18th. Vetr downgraded shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $803.74 price objective on the stock. in a research note on Monday, July 11th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $940.00 price objective on shares of Alphabet in a research note on Tuesday, July 5th. Two investment analysts have rated the stock with a hold rating, forty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $925.42.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
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