Alphabet Inc Class A (GOOGL) Position Reduced by TAM Capital Management Inc.

TAM Capital Management Inc. lowered its stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 59.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,637 shares of the information services provider’s stock after selling 2,356 shares during the period. Alphabet Inc Class A comprises 1.9% of TAM Capital Management Inc.’s portfolio, making the stock its 8th largest holding. TAM Capital Management Inc.’s holdings in Alphabet Inc Class A were worth $1,848,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Well Done LLC acquired a new position in Alphabet Inc Class A during the first quarter worth about $107,000. Private Ocean LLC raised its position in shares of Alphabet Inc Class A 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 during the last quarter. Highlander Capital Management LLC raised its position in shares of Alphabet Inc Class A 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 during the last quarter. Emerald Investment Partners LLC acquired a new position in shares of Alphabet Inc Class A in the second quarter valued at approximately $137,000. Finally, Clearwater Capital Advisors LLC acquired a new position in shares of Alphabet Inc Class A in the first quarter valued at approximately $153,000. 33.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on GOOGL shares. Macquarie reissued a “buy” rating and issued a $1,250.00 price objective on shares of Alphabet Inc Class A in a research report on Thursday, September 27th. Pivotal Research cut their price objective on shares of Alphabet Inc Class A from $1,080.00 to $1,010.00 and set a “hold” rating for the company in a research report on Friday, October 12th. MKM Partners boosted their price objective on shares of Alphabet Inc Class A from $1,355.00 to $1,465.00 and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Morgan Stanley reissued an “overweight” rating and issued a $1,515.00 price objective (up previously from $1,325.00) on shares of Alphabet Inc Class A in a research report on Wednesday, August 29th. Finally, Zacks Investment Research lowered shares of Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirty have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $1,333.76.

Shares of GOOGL stock opened at $1,077.02 on Friday. The firm has a market capitalization of $771.20 billion, a PE ratio of 33.60, a PEG ratio of 1.36 and a beta of 1.06. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. Alphabet Inc Class A has a twelve month low of $984.00 and a twelve month high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, beating the Zacks’ consensus estimate of $10.54 by $2.52. Alphabet Inc Class A had a net margin of 14.45% and a return on equity of 19.40%. The firm had revenue of $27.16 billion for the quarter, compared to the consensus estimate of $27.32 billion. On average, research analysts predict that Alphabet Inc Class A will post 45.24 EPS for the current year.

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Alphabet Inc Class A Company Profile

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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Institutional Ownership by Quarter for Alphabet Inc Class A (NASDAQ:GOOGL)

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