Gratus Capital LLC Lowers Holdings in Alphabet Inc (GOOGL)
Gratus Capital LLC decreased its position in Alphabet Inc (NASDAQ:GOOGL) by 3.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,932 shares of the information services provider’s stock after selling 70 shares during the period. Gratus Capital LLC’s holdings in Alphabet were worth $2,182,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Well Done LLC purchased a new position in shares of Alphabet in the 1st quarter worth about $107,000. Private Ocean LLC grew its stake in shares of Alphabet by 355.6% in the first quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock valued at $127,000 after buying an additional 96 shares in the last quarter. Highlander Capital Management LLC grew its stake in shares of Alphabet by 333.3% in the first quarter. Highlander Capital Management LLC now owns 130 shares of the information services provider’s stock valued at $133,000 after buying an additional 100 shares in the last quarter. Emerald Investment Partners LLC acquired a new stake in shares of Alphabet in the second quarter valued at about $137,000. Finally, Clearwater Capital Advisors LLC acquired a new stake in shares of Alphabet in the first quarter valued at about $153,000. 30.54% of the stock is currently owned by institutional investors.
Shares of GOOGL stock opened at $1,062.47 on Thursday. Alphabet Inc has a 1 year low of $984.00 and a 1 year high of $1,291.44. The firm has a market cap of $739.35 billion, a PE ratio of 33.15, a PEG ratio of 1.31 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14.
GOOGL has been the subject of a number of recent analyst reports. Nomura restated a “buy” rating and set a $1,400.00 price objective on shares of Alphabet in a research note on Tuesday. ValuEngine upgraded Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, December 1st. MKM Partners lowered their price objective on Alphabet from $1,465.00 to $1,365.00 and set a “buy” rating for the company in a research note on Monday, November 26th. Morgan Stanley restated an “overweight” rating and set a $1,500.00 price objective (down previously from $1,515.00) on shares of Alphabet in a research note on Wednesday, November 14th. Finally, JMP Securities restated a “market outperform” rating and set a $1,375.00 price objective (down previously from $1,390.00) on shares of Alphabet in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,330.17.
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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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