GW Henssler & Associates Ltd. decreased its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,919 shares of the information services provider’s stock after selling 460 shares during the quarter. Alphabet comprises approximately 2.2% of GW Henssler & Associates Ltd.’s holdings, making the stock its 6th biggest holding. GW Henssler & Associates Ltd.’s holdings in Alphabet were worth $22,317,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of GOOGL. State of Alaska Department of Revenue bought a new stake in shares of Alphabet in the 2nd quarter worth about $102,000. Parkside Financial Bank & Trust increased its position in shares of Alphabet by 39.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after purchasing an additional 36 shares during the last quarter. Odey Holdings AG increased its position in shares of Alphabet by 18.2% in the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after purchasing an additional 20 shares during the last quarter. Lloyds Banking Group plc bought a new stake in shares of Alphabet during the 2nd quarter valued at about $133,000. Finally, Farmers National Bank grew its position in shares of Alphabet by 3.3% during the 2nd quarter. Farmers National Bank now owns 155 shares of the information services provider’s stock valued at $144,000 after buying an additional 5 shares during the last quarter. Institutional investors and hedge funds own 33.60% of the company’s stock.
Alphabet Inc (GOOGL) traded up $8.29 during mid-day trading on Monday, hitting $1,054.56. 2,810,000 shares of the stock were exchanged, compared to its average volume of 2,120,000. Alphabet Inc has a twelve month low of $824.30 and a twelve month high of $1,198.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11. The firm has a market capitalization of $729,860.00, a price-to-earnings ratio of 58.72, a P/E/G ratio of 1.08 and a beta of 0.95.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $10.12 by ($0.42). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The firm had revenue of $25.87 billion for the quarter, compared to analyst estimates of $25.65 billion. equities research analysts predict that Alphabet Inc will post 42.51 EPS for the current fiscal year.
Alphabet announced that its board has initiated a share buyback plan on Thursday, February 1st that permits the company to buyback $8.59 billion in outstanding shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
GOOGL has been the subject of a number of recent research reports. CIBC reaffirmed an “outperform” rating and set a $1,180.00 price objective (up previously from $1,050.00) on shares of Alphabet in a research report on Friday, October 27th. Cowen upped their target price on shares of Alphabet from $1,150.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. Citigroup restated a “buy” rating and issued a $1,180.00 target price on shares of Alphabet in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Goldman Sachs Group upped their target price on shares of Alphabet from $1,125.00 to $1,175.00 in a research report on Friday, October 27th. Finally, Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1,157.02.
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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.
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