Greenwood Capital Associates LLC Cuts Holdings in Alphabet Inc Class A (GOOGL)

Greenwood Capital Associates LLC cut its stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,626 shares of the information services provider’s stock after selling 220 shares during the quarter. Alphabet Inc Class A comprises about 2.0% of Greenwood Capital Associates LLC’s investment portfolio, making the stock its 7th largest position. Greenwood Capital Associates LLC’s holdings in Alphabet Inc Class A were worth $8,611,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. BHK Investment Advisors LLC grew its stake in shares of 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 worth $344,000 after purchasing an additional 45 shares during the period. Rational Advisors LLC grew its stake in shares of 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 worth $2,776,000 after purchasing an additional 515 shares during the period. Roffman Miller Associates Inc. PA grew its stake in shares of Alphabet Inc Class A by 2.8% during the 2nd quarter. Roffman Miller Associates Inc. PA now owns 18,401 shares of the information services provider’s stock worth $20,778,000 after purchasing an additional 505 shares during the period. American Trust Investment Advisors LLC grew its stake in shares of Alphabet Inc Class A by 12.3% during the 2nd quarter. American Trust Investment Advisors LLC now owns 592 shares of the information services provider’s stock worth $668,000 after purchasing an additional 65 shares during the period. Finally, Pillar Pacific Capital Management LLC grew its stake in shares of Alphabet Inc Class A by 1.1% during the 2nd quarter. Pillar Pacific Capital Management LLC now owns 10,117 shares of the information services provider’s stock worth $11,425,000 after purchasing an additional 113 shares during the period. 33.43% of the stock is currently owned by institutional investors and hedge funds.

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 debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. The company has a market capitalization of $771.20 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06.

Alphabet Inc Class A (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $27.32 billion. Equities research analysts predict that Alphabet Inc Class A will post 45.24 EPS for the current year.

A number of equities research analysts recently commented on the stock. JMP Securities reissued a “market outperform” rating and issued a $1,375.00 price objective (down from $1,390.00) on shares of Alphabet Inc Class A in a research note on Friday, November 2nd. Canaccord Genuity reissued a “hold” rating and issued a $1,140.00 price objective (down from $1,170.00) on shares of Alphabet Inc Class A in a research note on Friday, October 26th. Goldman Sachs Group lowered their price objective on shares of Alphabet Inc Class A from $1,500.00 to $1,300.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Barclays lowered their price objective on shares of Alphabet Inc Class A from $1,415.00 to $1,400.00 and set an “overweight” rating on the stock in a research note on Friday, October 26th. Finally, Bank of America lowered their price objective on shares of Alphabet Inc Class A from $1,390.00 to $1,350.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $1,333.76.

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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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