Alphabet Inc. (GOOGL) Holdings Cut by Everett Harris & Co. CA

Everett Harris & Co. CA trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,983 shares of the information services provider’s stock after selling 855 shares during the period. Alphabet accounts for about 1.0% of Everett Harris & Co. CA’s holdings, making the stock its 25th largest holding. Everett Harris & Co. CA’s holdings in Alphabet were worth $33,453,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOGL. Asset Advisors Corp lifted its holdings in shares of Alphabet by 24.0% in the 1st quarter. Asset Advisors Corp now owns 4,800 shares of the information services provider’s stock valued at $4,069,000 after purchasing an additional 928 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Alphabet by 3.8% in the 1st quarter. IFP Advisors Inc now owns 8,576 shares of the information services provider’s stock valued at $7,271,000 after purchasing an additional 314 shares during the last quarter. Leavell Investment Management Inc. lifted its holdings in shares of Alphabet by 1.4% in the 1st quarter. Leavell Investment Management Inc. now owns 1,298 shares of the information services provider’s stock valued at $1,100,000 after purchasing an additional 18 shares during the last quarter. Taylor Cottrill Erickson & Associates Inc. lifted its holdings in shares of Alphabet by 18.5% in the 1st quarter. Taylor Cottrill Erickson & Associates Inc. now owns 1,617 shares of the information services provider’s stock valued at $1,371,000 after purchasing an additional 253 shares during the last quarter. Finally, Valicenti Advisory Services Inc. lifted its holdings in shares of Alphabet by 2.2% in the 1st quarter. Valicenti Advisory Services Inc. now owns 5,700 shares of the information services provider’s stock valued at $4,832,000 after purchasing an additional 120 shares during the last quarter. 33.81% of the stock is owned by institutional investors.

Alphabet Inc. (NASDAQ:GOOGL) opened at $1,036.41 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The firm has a market capitalization of $723,732.56, a price-to-earnings ratio of 34.87, a P/E/G ratio of 1.76 and a beta of 0.91. Alphabet Inc. has a 52-week low of $753.36 and a 52-week high of $1,063.62.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. During the same period in the prior year, the firm earned $9.06 EPS. analysts predict that Alphabet Inc. will post 32.15 earnings per share for the current fiscal year.

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Several analysts have recently weighed in on the company. Vetr raised Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 target price for the company in a report on Monday, November 6th. Zacks Investment Research downgraded Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Citigroup Inc. reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, October 30th. Stifel Nicolaus upped their price objective on Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Pivotal Research reaffirmed a “hold” rating and set a $990.00 price objective on shares of Alphabet in a research note on Sunday, October 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,088.53.

Alphabet Company Profile

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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