TCI Wealth Advisors Inc. Decreases Position in Alphabet Inc Class A (GOOGL)

TCI Wealth Advisors Inc. decreased its position in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 4.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,777 shares of the information services provider’s stock after selling 88 shares during the quarter. Alphabet Inc Class A accounts for approximately 0.9% of TCI Wealth Advisors Inc.’s investment portfolio, making the stock its 26th largest holding. TCI Wealth Advisors Inc.’s holdings in Alphabet Inc Class A were worth $1,843,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in Alphabet Inc Class A in the fourth quarter valued at approximately $108,000. Stuart Chaussee & Associates Inc. acquired a new position in Alphabet Inc Class A in the fourth quarter valued at approximately $123,000. Lee Financial Co lifted its holdings in Alphabet Inc Class A by 500.0% in the fourth quarter. Lee Financial Co now owns 120 shares of the information services provider’s stock valued at $126,000 after acquiring an additional 100 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in Alphabet Inc Class A in the third quarter valued at approximately $137,000. Finally, Financial Gravity Companies Inc. acquired a new position in Alphabet Inc Class A in the fourth quarter valued at approximately $138,000. 33.28% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. TheStreet upgraded Alphabet Inc Class A from a “c+” rating to an “a-” rating in a research report on Monday, April 23rd. Aegis boosted their price objective on Alphabet Inc Class A from $1,350.00 to $1,360.00 and gave the company a “buy” rating in a research report on Thursday, May 17th. Vetr upgraded Alphabet Inc Class A from a “buy” rating to a “strong-buy” rating and set a $1,136.00 price objective for the company in a research report on Tuesday, April 3rd. Stifel Nicolaus restated a “hold” rating and issued a $1,150.00 price objective on shares of Alphabet Inc Class A in a research report on Monday, April 23rd. Finally, Credit Suisse Group cut their price objective on Alphabet Inc Class A from $1,350.00 to $1,400.00 in a research report on Monday, April 23rd. Five investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,201.44.

Shares of NASDAQ:GOOGL opened at $1,126.78 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.87 and a quick ratio of 4.85. The firm has a market capitalization of $776.21 billion, a price-to-earnings ratio of 35.16, a P/E/G ratio of 1.60 and a beta of 1.06. Alphabet Inc Class A has a 52-week low of $915.31 and a 52-week high of $1,201.49.

Alphabet Inc Class A (NASDAQ:GOOGL) last issued its earnings results on Monday, April 23rd. The information services provider reported $9.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $9.21 by $0.72. The company had revenue of $24.86 billion during the quarter, compared to analysts’ expectations of $24.20 billion. Alphabet Inc Class A had a return on equity of 15.58% and a net margin of 14.19%. During the same period in the prior year, the business earned $7.73 EPS. equities analysts expect that Alphabet Inc Class A will post 40.64 earnings per share for the current fiscal year.

About Alphabet Inc Class A

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 Inc Class A (NASDAQ:GOOGL)

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