Quantitative Systematic Strategies LLC Has $656,000 Stake in Alphabet Inc (GOOGL)
Quantitative Systematic Strategies LLC cut its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 77.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 674 shares of the information services provider’s stock after selling 2,379 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Alphabet were worth $656,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in shares of Alphabet during the second quarter worth about $102,000. Franklin Parlapiano Turner & Welch LLC purchased a new stake in Alphabet in the first quarter worth approximately $108,000. Parkside Financial Bank & Trust boosted its stake in Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after buying an additional 36 shares in the last quarter. Odey Holdings AG boosted its stake in Alphabet by 18.2% in the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after buying an additional 20 shares in the last quarter. Finally, Lloyds Banking Group plc purchased a new stake in Alphabet in the second quarter worth approximately $133,000. Hedge funds and other institutional investors own 33.62% of the company’s stock.
Alphabet Inc (NASDAQ:GOOGL) opened at $1,072.00 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The company has a market capitalization of $744,826.69, a P/E ratio of 35.89, a P/E/G ratio of 1.80 and a beta of 0.89. Alphabet Inc has a twelve month low of $789.62 and a twelve month high of $1,080.00.
Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating analysts’ consensus estimates of $8.43 by $1.14. The company had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same quarter in the prior year, the company earned $9.06 earnings per share. research analysts expect that Alphabet Inc will post 32.34 EPS for the current year.
Several brokerages have issued reports on GOOGL. Stifel Nicolaus reaffirmed a “buy” rating and issued a $1,150.00 target price (up previously from $1,075.00) on shares of Alphabet in a research note on Tuesday, October 24th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Tuesday, October 24th. Vetr raised Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 target price for the company in a research note on Monday, November 6th. B. Riley reaffirmed a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a research note on Monday, September 25th. Finally, Barclays reaffirmed a “buy” rating and issued a $1,260.00 target price on shares of Alphabet in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,089.17.
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Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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