Gamco Investors INC. ET AL Sells 20 Shares of Alphabet Inc. (GOOGL)
Gamco Investors INC. ET AL trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,023 shares of the information services provider’s stock after selling 20 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Alphabet were worth $5,599,000 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 bought a new stake in shares of Alphabet in the 2nd quarter worth approximately $102,000. Franklin Parlapiano Turner & Welch LLC bought a new stake in shares of Alphabet in the 1st quarter worth approximately $108,000. Parkside Financial Bank & Trust lifted its holdings 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 acquiring an additional 36 shares during the last quarter. Farmers National Bank lifted its holdings 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 acquiring an additional 4 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its holdings in Alphabet by 58.3% during 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 during the last quarter. Hedge funds and other institutional investors own 33.81% of the company’s stock.
Shares of Alphabet Inc. (GOOGL) opened at $1,041.64 on Wednesday. Alphabet Inc. has a 1 year low of $753.36 and a 1 year high of $1,063.62. The company has a market cap of $723,426.81, a PE ratio of 34.86, a P/E/G ratio of 1.76 and a beta of 0.91. 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 (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ 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 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 prior year, the firm posted $9.06 EPS. equities analysts predict that Alphabet Inc. will post 32.15 earnings per share for the current fiscal year.
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A number of research firms recently commented on GOOGL. J P Morgan Chase & Co upped their price target on shares of Alphabet from $1,075.00 to $1,115.00 and gave the company an “overweight” rating in a report on Saturday, July 22nd. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,020.52 price target for the company in a report on Tuesday, July 25th. UBS AG reiterated an “overweight” rating on shares of Alphabet in a report on Thursday, August 24th. Stifel Nicolaus upped their price target on shares of Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $1,088.53.
Alphabet Company 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.
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