Standard Family Office LLC Reduces Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Standard Family Office LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 693 shares of the information services provider’s stock after selling 29 shares during the period. Alphabet comprises about 0.3% of Standard Family Office LLC’s investment portfolio, making the stock its 20th largest position. Standard Family Office LLC’s holdings in Alphabet were worth $1,429,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC boosted its holdings in shares of Alphabet by 1.6% during the first quarter. Joel Isaacson & Co. LLC now owns 22,464 shares of the information services provider’s stock worth $46,332,000 after purchasing an additional 345 shares during the last quarter. Princeton Global Asset Management LLC boosted its stake in Alphabet by 4.0% in the 1st quarter. Princeton Global Asset Management LLC now owns 2,814 shares of the information services provider’s stock worth $5,804,000 after buying an additional 107 shares during the last quarter. SeaTown Holdings Pte. Ltd. grew its holdings in Alphabet by 99.0% in the 1st quarter. SeaTown Holdings Pte. Ltd. now owns 59,300 shares of the information services provider’s stock valued at $122,307,000 after buying an additional 29,500 shares during the period. Cypress Wealth Services LLC increased its stake in shares of Alphabet by 4.8% during the 1st quarter. Cypress Wealth Services LLC now owns 1,199 shares of the information services provider’s stock valued at $2,473,000 after acquiring an additional 55 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its holdings in shares of Alphabet by 8.9% during the 4th quarter. Kathmere Capital Management LLC now owns 172 shares of the information services provider’s stock worth $301,000 after acquiring an additional 14 shares during the period. 34.46% of the stock is currently owned by institutional investors.

Shares of NASDAQ GOOGL traded up $8.16 during midday trading on Thursday, reaching $2,416.10. 41,842 shares of the company traded hands, compared to its average volume of 1,691,082. The firm has a market capitalization of $1.62 trillion, a P/E ratio of 32.05, a price-to-earnings-growth ratio of 1.48 and a beta of 1.01. The stock’s 50-day moving average is $2,301.85. Alphabet Inc. has a 52 week low of $1,351.65 and a 52 week high of $2,431.38. The company has a current ratio of 3.10, a quick ratio of 3.09 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, April 26th. The information services provider reported $26.29 EPS for the quarter, topping analysts’ consensus estimates of $15.82 by $10.47. Alphabet had a net margin of 26.11% and a return on equity of 23.54%. During the same quarter in the prior year, the business posted $9.87 EPS. As a group, equities analysts anticipate that Alphabet Inc. will post 89.46 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the stock. Jefferies Financial Group increased their price target on shares of Alphabet from $2,700.00 to $2,850.00 and gave the stock a “buy” rating in a research note on Wednesday, April 28th. Truist upped their price target on Alphabet from $2,250.00 to $2,400.00 in a research note on Monday, April 26th. Susquehanna Bancshares lifted their price objective on Alphabet from $3,000.00 to $3,100.00 and gave the company a “positive” rating in a research note on Wednesday, April 28th. Wedbush boosted their target price on Alphabet from $2,953.00 to $3,127.00 and gave the stock an “outperform” rating in a report on Wednesday, April 28th. Finally, KeyCorp raised their price target on shares of Alphabet from $2,625.00 to $2,681.00 and gave the company an “overweight” rating in a report on Monday, April 26th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. Alphabet has an average rating of “Buy” and an average price target of $2,516.55.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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