Alphabet Inc. (GOOGL) Stake Maintained by New England Private Wealth Advisors LLC
New England Private Wealth Advisors LLC maintained its position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, Holdings Channel reports. The firm owned 1,052 shares of the company’s stock at the end of the second quarter. New England Private Wealth Advisors LLC’s holdings in Alphabet were worth $742,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in GOOGL. Dividend Assets Capital LLC acquired a new stake in Alphabet during the second quarter valued at $120,000. Peoples Financial Services CORP. boosted its stake in Alphabet by 2.3% in the second quarter. Peoples Financial Services CORP. now owns 221 shares of the company’s stock valued at $155,000 after buying an additional 5 shares during the last quarter. Cacti Asset Management LLC acquired a new stake in Alphabet during the second quarter valued at $162,000. Oakworth Capital Inc. boosted its stake in Alphabet by 4.9% in the second quarter. Oakworth Capital Inc. now owns 277 shares of the company’s stock valued at $207,000 after buying an additional 13 shares during the last quarter. Finally, Founders Capital Management LLC acquired a new stake in Alphabet during the second quarter valued at $196,000. 34.12% of the stock is owned by institutional investors and hedge funds.
Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.56% during trading on Wednesday, hitting $807.25. The stock had a trading volume of 479,370 shares. Alphabet Inc. has a 52 week low of $654.49 and a 52 week high of $819.06. The stock’s 50 day moving average is $799.87 and its 200 day moving average is $758.88. The stock has a market capitalization of $554.80 billion, a price-to-earnings ratio of 31.28 and a beta of 1.00.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, beating the 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 research analysts expect that Alphabet Inc. will post $34.26 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on GOOGL shares. JPMorgan Chase & Co. restated an “overweight” rating and set a $950.00 target price on shares of Alphabet in a research note on Friday, September 9th. Wedbush cut Alphabet from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $7.20 to $800.00 in a research note on Tuesday, September 27th. Susquehanna restated a “positive” rating and set a $930.00 target price on shares of Alphabet in a research note on Monday, July 18th. Jefferies Group reiterated a “buy” rating and issued a $925.00 price objective on shares of Alphabet in a research note on Monday, July 18th. Finally, Vetr cut Alphabet from a “strong-buy” rating to a “buy” rating and set a $803.74 price objective for the company. in a research note on Monday, July 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating, forty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $926.06.
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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