Alphabet Inc. (GOOGL) Shares Sold by Wealthsource Partners LLC
Wealthsource Partners LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 12.5% during the second quarter, Holdings Channel reports. The firm owned 595 shares of the company’s stock after selling 85 shares during the period. Wealthsource Partners LLC’s holdings in Alphabet were worth $419,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. boosted its stake in Alphabet by 144.9% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 169 shares of the company’s stock valued at $119,000 after buying an additional 100 shares during the last quarter. SevenBridge Financial Group LLC acquired a new stake in Alphabet during the first quarter valued at $120,000. 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. Finally, Cacti Asset Management LLC acquired a new stake in Alphabet during the second quarter valued at $162,000. Institutional investors and hedge funds own 34.12% of the company’s stock.
Shares of Alphabet Inc. (NASDAQ:GOOGL) traded down 0.30% during trading on Friday, hitting $800.71. 1,163,899 shares of the company’s stock were exchanged. Alphabet Inc. has a one year low of $667.24 and a one year high of $819.06. The firm has a 50-day moving average price of $799.75 and a 200-day moving average price of $759.77. The stock has a market cap of $550.31 billion, a P/E ratio of 31.02 and a beta of 1.00.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, July 28th. The company reported $8.42 EPS for the quarter, topping analysts’ consensus estimates of $8.04 by $0.38. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. Equities research analysts expect that Alphabet Inc. will post $34.11 EPS for the current fiscal year.
GOOGL has been the subject of several research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $1,000.00 price target on shares of Alphabet in a report on Tuesday, June 28th. Deutsche Bank AG reiterated a “buy” rating on shares of Alphabet in a report on Sunday, July 10th. Robert W. Baird reiterated a “buy” rating on shares of Alphabet in a report on Sunday, July 17th. Credit Suisse Group AG reiterated a “buy” rating and set a $920.00 price target on shares of Alphabet in a report on Sunday, July 17th. Finally, Bank of America Corp. restated a “buy” rating and issued a $925.00 price objective on shares of Alphabet in a report on Sunday, July 17th. One equities research 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 stock. The stock presently has an average rating of “Buy” and an average price target 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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