North Star Asset Management Inc. Has $5.70 Million Position in Alphabet Inc. (GOOGL)
North Star Asset Management Inc. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,725 shares of the information services provider’s stock after selling 240 shares during the period. North Star Asset Management Inc.’s holdings in Alphabet were worth $5,701,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. Ancora Advisors LLC raised its stake in shares of Alphabet by 261.6% in the fourth quarter. Ancora Advisors LLC now owns 3,913 shares of the information services provider’s stock worth $3,101,000 after buying an additional 2,831 shares in the last quarter. Chescapmanager LLC bought a new stake in shares of Alphabet during the fourth quarter worth $9,509,000. Banco Santander S.A. bought a new stake in shares of Alphabet during the fourth quarter worth $16,468,000. HCR Wealth Advisors bought a new stake in shares of Alphabet during the fourth quarter worth $3,599,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Alphabet by 7.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,198 shares of the information services provider’s stock worth $19,201,000 after buying an additional 1,738 shares in the last quarter. 34.12% of the stock is owned by hedge funds and other institutional investors.
Shares of Alphabet Inc. (GOOGL) traded down 0.01% during midday trading on Tuesday, hitting $938.87. 292,893 shares of the company were exchanged. The company has a 50-day moving average of $954.87 and a 200 day moving average of $910.39. Alphabet Inc. has a one year low of $743.59 and a one year high of $1,008.61. The company has a market capitalization of $650.52 billion, a P/E ratio of 34.03 and a beta of 0.99.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the Zacks’ consensus estimate of $8.25 by $3.24. The company had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same period last year, the firm earned $8.42 EPS. On average, equities research analysts expect that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.
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A number of analysts have recently weighed in on GOOGL shares. JMP Securities reaffirmed an “outperform” rating and issued a $1,095.00 price target (up from $1,020.00) on shares of Alphabet in a research note on Monday, May 1st. Cowen and Company reaffirmed an “outperform” rating and issued a $1,050.00 price target on shares of Alphabet in a research note on Monday, April 24th. Societe Generale set a $1,210.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. MKM Partners reaffirmed a “buy” rating and issued a $1,170.00 price target (up from $1,000.00) on shares of Alphabet in a research note on Monday, May 8th. Finally, Vetr lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $893.60 price target for the company. in a research note on Monday, April 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $1,049.20.
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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