WESPAC Advisors LLC Has $343,000 Stake in Alphabet Inc (GOOGL)

WESPAC Advisors LLC cut its position in Alphabet Inc (NASDAQ:GOOGL) by 30.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 328 shares of the information services provider’s stock after selling 144 shares during the quarter. WESPAC Advisors LLC’s holdings in Alphabet were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Capital Insight Partners LLC lifted its position in shares of Alphabet by 0.4% in the 4th quarter. Capital Insight Partners LLC now owns 2,554 shares of the information services provider’s stock worth $2,669,000 after buying an additional 10 shares during the last quarter. Clarkston Capital Partners LLC lifted its position in shares of Alphabet by 4.0% in the 4th quarter. Clarkston Capital Partners LLC now owns 260 shares of the information services provider’s stock worth $272,000 after buying an additional 10 shares during the last quarter. Community Bank & Trust Waco Texas lifted its position in shares of Alphabet by 0.8% in the 4th quarter. Community Bank & Trust Waco Texas now owns 1,286 shares of the information services provider’s stock worth $1,344,000 after buying an additional 10 shares during the last quarter. Anderson Hoagland & Co. lifted its position in shares of Alphabet by 0.7% in the 4th quarter. Anderson Hoagland & Co. now owns 1,529 shares of the information services provider’s stock worth $1,565,000 after buying an additional 11 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. lifted its position in shares of Alphabet by 0.5% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 2,601 shares of the information services provider’s stock worth $2,718,000 after buying an additional 12 shares during the last quarter. Institutional investors and hedge funds own 34.12% of the company’s stock.

Alphabet stock opened at $1,170.80 on Thursday. The stock has a market cap of $789.07 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.93 and a current ratio of 3.96. Alphabet Inc has a 52 week low of $977.66 and a 52 week high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $10.56 by $1.34. The firm had revenue of $29.48 billion for the quarter, compared to analysts’ expectations of $29.99 billion. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. During the same quarter last year, the company earned $13.33 EPS. As a group, research analysts forecast that Alphabet Inc will post 48.44 earnings per share for the current year.

A number of analysts recently weighed in on the stock. Deutsche Bank increased their price objective on shares of Alphabet from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday. Argus reaffirmed a “buy” rating and issued a $1,450.00 price objective on shares of Alphabet in a report on Wednesday, May 1st. DZ Bank reaffirmed a “hold” rating and issued a $1,197.00 price objective on shares of Alphabet in a report on Wednesday, May 1st. ValuEngine cut shares of Alphabet from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Nomura dropped their price objective on shares of Alphabet from $1,310.00 to $1,300.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Five equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Alphabet currently has a consensus rating of “Buy” and an average price target of $1,328.88.

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Alphabet Profile

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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