Alphabet Inc Class A (GOOGL) Shares Sold by Brick & Kyle Associates

Brick & Kyle Associates trimmed its stake in Alphabet Inc Class A (NASDAQ:GOOGL) by 3.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,482 shares of the information services provider’s stock after selling 125 shares during the period. Alphabet Inc Class A makes up about 3.1% of Brick & Kyle Associates’ portfolio, making the stock its 6th biggest position. Brick & Kyle Associates’ holdings in Alphabet Inc Class A were worth $3,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. Jaffetilchin Investment Partners LLC increased its holdings in Alphabet Inc Class A by 7.7% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 572 shares of the information services provider’s stock worth $646,000 after purchasing an additional 41 shares during the period. Boston Family Office LLC increased its holdings in Alphabet Inc Class A by 1.8% during the 2nd quarter. Boston Family Office LLC now owns 2,452 shares of the information services provider’s stock worth $2,769,000 after purchasing an additional 43 shares during the period. Warren Averett Asset Management LLC increased its holdings in Alphabet Inc Class A by 2.7% during the 2nd quarter. Warren Averett Asset Management LLC now owns 1,659 shares of the information services provider’s stock worth $1,873,000 after purchasing an additional 44 shares during the period. Hollencrest Capital Management increased its holdings in Alphabet Inc Class A by 4.1% during the 2nd quarter. Hollencrest Capital Management now owns 1,132 shares of the information services provider’s stock worth $1,279,000 after purchasing an additional 45 shares during the period. Finally, West Chester Capital Advisors Inc. increased its holdings in Alphabet Inc Class A by 11.5% during the 2nd quarter. West Chester Capital Advisors Inc. now owns 437 shares of the information services provider’s stock worth $494,000 after purchasing an additional 45 shares during the period. 33.43% of the stock is owned by institutional investors and hedge funds.

Shares of GOOGL stock opened at $1,077.02 on Friday. Alphabet Inc Class A has a 1-year low of $984.00 and a 1-year high of $1,291.44. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02. The firm has a market cap of $744.29 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 1.31 and a beta of 1.06.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $10.54 by $2.52. Alphabet Inc Class A had a return on equity of 19.40% and a net margin of 14.45%. The firm had revenue of $27.16 billion for the quarter, compared to the consensus estimate of $27.32 billion. On average, equities research analysts forecast that Alphabet Inc Class A will post 45.24 earnings per share for the current fiscal year.

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

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About Alphabet Inc Class A

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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