Crewe Advisors LLC lessened its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 46.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 458 shares of the information services provider’s stock after selling 405 shares during the quarter. Alphabet makes up approximately 0.3% of Crewe Advisors LLC’s portfolio, making the stock its 27th biggest position. Crewe Advisors LLC’s holdings in Alphabet were worth $559,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Roof Eidam & Maycock ADV bought a new position in Alphabet in the third quarter worth $33,000. Garrett Wealth Advisory Group LLC bought a new position in Alphabet in the third quarter worth $39,000. Litman Gregory Asset Management LLC bought a new position in Alphabet in the second quarter worth $37,000. Lipe & Dalton bought a new position in Alphabet in the second quarter worth $49,000. Finally, Johnson Financial Group Inc. raised its holdings in Alphabet by 26.3% in the second quarter. Johnson Financial Group Inc. now owns 48 shares of the information services provider’s stock worth $52,000 after purchasing an additional 10 shares in the last quarter. 33.59% of the stock is owned by hedge funds and other institutional investors.

Alphabet stock opened at $1,298.28 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75. Alphabet Inc has a one year low of $977.66 and a one year high of $1,322.65. The stock has a market capitalization of $902.80 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 1.60 and a beta of 1.01. The business’s fifty day moving average is $1,244.50 and its 200 day moving average is $1,181.93.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the consensus estimate of $12.42 by ($2.30). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The business had revenue of $33.01 billion for the quarter, compared to analysts’ expectations of $32.84 billion. During the same period last year, the business earned $13.06 earnings per share. As a group, sell-side analysts expect that Alphabet Inc will post 49.05 EPS for the current fiscal year.

A number of equities analysts have issued reports on the company. MKM Partners reiterated a “buy” rating and issued a $1,450.00 price objective on shares of Alphabet in a report on Friday, August 2nd. Macquarie set a $1,300.00 price objective on Alphabet and gave the stock a “buy” rating in a report on Friday, July 26th. Stifel Nicolaus increased their price objective on Alphabet from $1,299.00 to $1,325.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Oppenheimer set a $1,370.00 price objective on Alphabet and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $1,400.00 price objective on shares of Alphabet in a report on Monday, October 28th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $1,411.81.

About Alphabet

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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