Hellman Jordan Management Co. Inc. MA Invests $8.25 Million in Alphabet Inc (NASDAQ:GOOGL)

Hellman Jordan Management Co. Inc. MA bought a new position in shares of Alphabet Inc (NASDAQ:GOOGL) during the 1st quarter, Holdings Channel reports. The fund bought 7,009 shares of the information services provider’s stock, valued at approximately $8,249,000. Alphabet accounts for approximately 5.7% of Hellman Jordan Management Co. Inc. MA’s portfolio, making the stock its 5th largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Canal Capital Management LLC boosted its position in shares of Alphabet by 0.8% in the 4th quarter. Canal Capital Management LLC now owns 1,172 shares of the information services provider’s stock worth $1,225,000 after buying an additional 9 shares in the last quarter. Capital Insight Partners LLC boosted 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 in the last quarter. Clarkston Capital Partners LLC boosted 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 in the last quarter. Community Bank & Trust Waco Texas boosted 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 in the last quarter. Finally, Shufro Rose & Co. LLC boosted its position in shares of Alphabet by 2.4% in the 4th quarter. Shufro Rose & Co. LLC now owns 434 shares of the information services provider’s stock worth $454,000 after buying an additional 10 shares in the last quarter. Institutional investors own 33.50% of the company’s stock.

Shares of NASDAQ GOOGL traded down $4.71 on Friday, reaching $1,086.30. 1,226,731 shares of the company traded hands, compared to its average volume of 1,574,309. Alphabet Inc has a fifty-two week low of $977.66 and a fifty-two week high of $1,296.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.96 and a quick ratio of 3.93. The company has a market cap of $754.16 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.28 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, beating the Zacks’ consensus estimate of $10.56 by $1.34. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. The company had revenue of $29.48 billion during the quarter, compared to the consensus estimate of $29.99 billion. During the same quarter in the prior year, the company posted $13.33 EPS. As a group, equities research analysts anticipate that Alphabet Inc will post 48.44 EPS for the current year.

Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. Needham & Company LLC assumed coverage on shares of Alphabet in a research note on Monday, March 4th. They issued a “buy” rating and a $1,153.42 target price for the company. ValuEngine raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. BMO Capital Markets boosted their target price on shares of Alphabet from $1,100.00 to $1,200.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. They noted that the move was a valuation call. Finally, JMP Securities reissued an “outperform” rating and issued a $1,375.00 target price (up previously from $1,300.00) on shares of Alphabet in a research note on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $1,324.89.

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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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