Capital Planning Advisors LLC cut its stake in Alphabet Inc (NASDAQ:GOOGL) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,409 shares of the information services provider’s stock after selling 88 shares during the period. Alphabet makes up approximately 2.2% of Capital Planning Advisors LLC’s holdings, making the stock its 8th biggest position. Capital Planning Advisors LLC’s holdings in Alphabet were worth $5,029,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GOOGL. State of Alaska Department of Revenue acquired a new position in shares of Alphabet in the 2nd quarter valued at $102,000. Franklin Parlapiano Turner & Welch LLC acquired a new position in shares of Alphabet in the 1st quarter valued at $108,000. Parkside Financial Bank & Trust raised its stake 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 valued at $118,000 after buying an additional 36 shares in the last quarter. Farmers National Bank raised its stake in shares of Alphabet by 2.7% in the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after buying an additional 4 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its stake in shares of Alphabet by 58.3% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after buying an additional 56 shares in the last quarter. 33.62% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on GOOGL shares. SunTrust Banks restated a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a research note on Saturday, September 23rd. Cantor Fitzgerald restated a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 target price for the company. in a research report on Friday, October 6th. Finally, Citigroup reiterated a “buy” rating and set 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $1,088.53.

Alphabet Inc (NASDAQ GOOGL) opened at $1,025.07 on Monday. The stock has a market cap of $712,219.63, a PE ratio of 34.32, a PEG ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc has a one year low of $759.00 and a one year high of $1,080.00.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same quarter last year, the firm earned $9.06 EPS. sell-side analysts expect that Alphabet Inc will post 32.34 earnings per share for the current fiscal year.

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Alphabet Profile

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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