Legacy Advisors LLC Has $596,000 Stake in Alphabet Inc (NASDAQ:GOOGL)

Legacy Advisors LLC decreased its position in Alphabet Inc (NASDAQ:GOOGL) by 11.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 488 shares of the information services provider’s stock after selling 62 shares during the period. Legacy Advisors LLC’s holdings in Alphabet were worth $596,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV increased its stake in Alphabet by 7.8% in the second quarter. Creative Financial Designs Inc. ADV now owns 125 shares of the information services provider’s stock valued at $140,000 after purchasing an additional 9 shares in the last quarter. Copperwynd Financial LLC increased its position in shares of Alphabet by 2.1% during the second quarter. Copperwynd Financial LLC now owns 448 shares of the information services provider’s stock worth $485,000 after acquiring an additional 9 shares in the last quarter. Pensionmark Financial Group LLC increased its position in shares of Alphabet by 4.5% during the second quarter. Pensionmark Financial Group LLC now owns 210 shares of the information services provider’s stock worth $251,000 after acquiring an additional 9 shares in the last quarter. Thomasville National Bank increased its position in shares of Alphabet by 5.0% during the second quarter. Thomasville National Bank now owns 212 shares of the information services provider’s stock worth $230,000 after acquiring an additional 10 shares in the last quarter. Finally, Curbstone Financial Management Corp increased its position in shares of Alphabet by 1.6% during the second quarter. Curbstone Financial Management Corp now owns 634 shares of the information services provider’s stock worth $686,000 after acquiring an additional 10 shares in the last quarter. Institutional investors and hedge funds own 33.50% of the company’s stock.

GOOGL traded up $5.70 during midday trading on Thursday, reaching $1,208.10. The company had a trading volume of 226,325 shares, compared to its average volume of 1,329,242. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98. The stock has a market cap of $839.33 billion, a PE ratio of 25.43, a P/E/G ratio of 1.42 and a beta of 0.99. Alphabet Inc has a 12-month low of $977.66 and a 12-month high of $1,296.97. The business has a 50-day moving average price of $1,205.66 and a two-hundred day moving average price of $1,174.05.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $11.49 by $2.72. The firm had revenue of $31.71 billion for the quarter, compared to analysts’ expectations of $30.90 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. On average, research analysts anticipate that Alphabet Inc will post 51.29 earnings per share for the current year.

Several research firms have recently commented on GOOGL. Zacks Investment Research raised shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,189.00 target price for the company in a research report on Monday, July 8th. Morgan Stanley boosted their target price on shares of Alphabet from $1,400.00 to $1,450.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Bank of America set a $1,450.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, September 6th. Moffett Nathanson decreased their target price on shares of Alphabet from $1,290.00 to $1,250.00 and set a “buy” rating for the company in a research report on Monday, June 24th. Finally, MKM Partners reissued a “buy” rating and set a $1,450.00 target price on shares of Alphabet in a research report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $1,375.78.

Alphabet Company 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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