Clear Perspective Advisors LLC Has $1.07 Million Stake in Alphabet Inc Class A (GOOGL)

Clear Perspective Advisors LLC trimmed its holdings in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 10.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 951 shares of the information services provider’s stock after selling 115 shares during the period. Alphabet Inc Class A makes up about 0.8% of Clear Perspective Advisors LLC’s investment portfolio, making the stock its 28th biggest position. Clear Perspective Advisors LLC’s holdings in Alphabet Inc Class A were worth $1,074,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Essex Financial Services Inc. lifted its holdings in shares of Alphabet Inc Class A by 1.4% during the 2nd quarter. Essex Financial Services Inc. now owns 5,788 shares of the information services provider’s stock worth $6,536,000 after acquiring an additional 79 shares during the period. Greenleaf Trust lifted its holdings in Alphabet Inc Class A by 57.4% during the 2nd quarter. Greenleaf Trust now owns 4,953 shares of the information services provider’s stock valued at $5,593,000 after purchasing an additional 1,806 shares during the last quarter. Letko Brosseau & Associates Inc. lifted its holdings in Alphabet Inc Class A by 30.8% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 425 shares of the information services provider’s stock valued at $480,000 after purchasing an additional 100 shares during the last quarter. BHK Investment Advisors LLC lifted its holdings in Alphabet Inc Class A by 17.3% during the 2nd quarter. BHK Investment Advisors LLC now owns 305 shares of the information services provider’s stock valued at $344,000 after purchasing an additional 45 shares during the last quarter. Finally, Rational Advisors LLC lifted its holdings in Alphabet Inc Class A by 26.5% during the 2nd quarter. Rational Advisors LLC now owns 2,459 shares of the information services provider’s stock valued at $2,776,000 after purchasing an additional 515 shares during the last quarter. 33.43% of the stock is owned by institutional investors.

Shares of NASDAQ:GOOGL opened at $1,077.02 on Friday. Alphabet Inc Class A has a one year low of $984.00 and a one year high of $1,291.44. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. The company has a market cap of $744.29 billion, a PE 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 issued its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, topping the 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 company had revenue of $27.16 billion during the quarter, compared to analysts’ expectations of $27.32 billion. As a group, equities research analysts forecast that Alphabet Inc Class A will post 45.24 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on GOOGL shares. Wells Fargo & Co reissued an “outperform” rating and set a $1,400.00 price target (up from $1,275.00) on shares of Alphabet Inc Class A in a report on Tuesday, July 24th. B. Riley raised their price objective on shares of Alphabet Inc Class A from $1,350.00 to $1,475.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. Wedbush assumed coverage on shares of Alphabet Inc Class A in a research report on Wednesday, October 17th. They issued an “outperform” rating and a $1,350.00 price objective for the company. Barclays raised their price objective on shares of Alphabet Inc Class A from $1,250.00 to $1,350.00 and gave the company an “overweight” rating in a research report on Friday, July 13th. Finally, Zacks Investment Research upgraded shares of Alphabet Inc Class A from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $1,333.76.

COPYRIGHT VIOLATION WARNING: This article was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2018/11/10/clear-perspective-advisors-llc-has-1-07-million-stake-in-alphabet-inc-class-a-googl.html.

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.

Featured Article: Do closed-end mutual funds pay dividends?

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc Class A (NASDAQ:GOOGL).

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

Receive News & Ratings for Alphabet Inc Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply