Alphabet Inc. (GOOGL) Shares Sold by HM Payson & Co.
HM Payson & Co. lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,617 shares of the information services provider’s stock after selling 2 shares during the period. HM Payson & Co.’s holdings in Alphabet were worth $21,956,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in shares of Alphabet in the 2nd quarter worth approximately $102,000. Franklin Parlapiano Turner & Welch LLC purchased a new stake in shares of Alphabet in the 1st quarter worth approximately $108,000. Parkside Financial Bank & Trust lifted 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 period. Farmers National Bank lifted its position 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 worth $127,000 after purchasing an additional 4 shares during the period. Finally, Riggs Asset Managment Co. Inc. lifted its position 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 worth $129,000 after purchasing an additional 56 shares during the period. 33.81% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on GOOGL shares. Vetr raised shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 target price for the company in a research report on Monday, November 6th. Pivotal Research reissued a “hold” rating and set a $990.00 target price on shares of Alphabet in a research report on Sunday, October 29th. Citigroup Inc. reissued a “buy” rating on shares of Alphabet in a research report on Monday, October 30th. Stifel Nicolaus increased their target price on shares of Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,157.00 target price for the company in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and a consensus price target of $1,088.53.
Alphabet Inc. (NASDAQ GOOGL) opened at $1,035.89 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc. has a 52 week low of $753.36 and a 52 week high of $1,063.62. The company has a market cap of $719,737.44, a PE ratio of 34.68, a price-to-earnings-growth ratio of 1.74 and a beta of 0.91.
Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping analysts’ consensus estimates of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. During the same period in the previous year, the firm earned $9.06 earnings per share. equities analysts predict that Alphabet Inc. will post 32.34 EPS for the current fiscal year.
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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