Capital Advisors Inc. OK Has $4.60 Million Stake in Alphabet Inc Class A (GOOGL)

Capital Advisors Inc. OK cut its stake in Alphabet Inc Class A (NASDAQ:GOOGL) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,070 shares of the information services provider’s stock after selling 179 shares during the quarter. Capital Advisors Inc. OK’s holdings in Alphabet Inc Class A were worth $4,596,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Jaffetilchin Investment Partners LLC grew its holdings in Alphabet Inc Class A by 7.7% during the second quarter. Jaffetilchin Investment Partners LLC now owns 572 shares of the information services provider’s stock valued at $646,000 after purchasing an additional 41 shares during the period. Boston Family Office LLC grew its holdings in Alphabet Inc Class A by 1.8% during the second quarter. Boston Family Office LLC now owns 2,452 shares of the information services provider’s stock valued at $2,769,000 after purchasing an additional 43 shares during the period. Warren Averett Asset Management LLC grew its holdings in Alphabet Inc Class A by 2.7% during the second quarter. Warren Averett Asset Management LLC now owns 1,659 shares of the information services provider’s stock valued at $1,873,000 after purchasing an additional 44 shares during the period. Hollencrest Capital Management grew its holdings in Alphabet Inc Class A by 4.1% during the second quarter. Hollencrest Capital Management now owns 1,132 shares of the information services provider’s stock valued at $1,279,000 after purchasing an additional 45 shares during the period. Finally, West Chester Capital Advisors Inc. grew its holdings in Alphabet Inc Class A by 11.5% during the second quarter. West Chester Capital Advisors Inc. now owns 437 shares of the information services provider’s stock valued at $494,000 after purchasing an additional 45 shares during the period. 33.46% of the stock is owned by hedge funds and other institutional investors.

NASDAQ GOOGL opened at $1,071.49 on Monday. Alphabet Inc Class A has a twelve month low of $984.00 and a twelve month high of $1,291.44. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02. The stock has a market cap of $745.70 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.31 and a beta of 1.06.

Alphabet Inc Class A (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $10.54 by $2.52. The firm had revenue of $27.16 billion for the quarter, compared to the consensus estimate of $27.32 billion. Alphabet Inc Class A had a return on equity of 19.40% and a net margin of 14.45%. On average, analysts predict that Alphabet Inc Class A will post 45.24 EPS for the current fiscal year.

GOOGL has been the subject of several research reports. Wells Fargo & Co reissued an “outperform” rating and set a $1,400.00 price objective (up from $1,275.00) on shares of Alphabet Inc Class A in a report on Tuesday, July 24th. B. Riley increased their price objective on Alphabet Inc Class A from $1,350.00 to $1,475.00 and gave the company a “buy” rating in a report on Tuesday, July 24th. Wedbush initiated coverage on Alphabet Inc Class A in a report on Wednesday, October 17th. They set an “outperform” rating and a $1,350.00 price objective for the company. Barclays increased their price objective on Alphabet Inc Class A from $1,250.00 to $1,350.00 and gave the company an “overweight” rating in a report on Friday, July 13th. Finally, Zacks Investment Research raised Alphabet Inc Class A from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirty have assigned a buy rating to the stock. Alphabet Inc Class A has a consensus rating of “Buy” and an average target price of $1,333.76.

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.

Further Reading: Conference Calls

Institutional Ownership by Quarter for Alphabet Inc Class A (NASDAQ:GOOGL)

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