Fayerweather Charles trimmed its holdings in Alphabet Inc (NASDAQ:GOOGL) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,519 shares of the information services provider’s stock after selling 115 shares during the period. Alphabet comprises about 3.3% of Fayerweather Charles’ investment portfolio, making the stock its 12th largest holding. Fayerweather Charles’ holdings in Alphabet were worth $1,854,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Neville Rodie & Shaw Inc. raised its position in Alphabet by 2.7% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 16,674 shares of the information services provider’s stock valued at $18,054,000 after purchasing an additional 433 shares during the last quarter. Bath Savings Trust Co raised its position in Alphabet by 3.0% in the 2nd quarter. Bath Savings Trust Co now owns 10,102 shares of the information services provider’s stock valued at $10,939,000 after purchasing an additional 290 shares during the last quarter. Thomasville National Bank raised its position in shares of Alphabet by 5.0% during the second quarter. Thomasville National Bank now owns 212 shares of the information services provider’s stock worth $230,000 after acquiring an additional 10 shares during the last quarter. Park National Corp OH raised its position in shares of Alphabet by 69.6% during the second quarter. Park National Corp OH now owns 13,999 shares of the information services provider’s stock worth $15,158,000 after acquiring an additional 5,746 shares during the last quarter. Finally, Vickerman & Driscoll Financial Advisors Inc. bought a new stake in shares of Alphabet during the second quarter worth $1,765,000. 33.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Alphabet stock traded up $2.06 during trading on Friday, reaching $1,309.00. 1,519,600 shares of the company were exchanged, compared to its average volume of 1,555,468. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07. Alphabet Inc has a twelve month low of $977.66 and a twelve month high of $1,322.65. The business has a 50-day moving average price of $1,240.01 and a 200-day moving average price of $1,181.01. The firm has a market capitalization of $895.48 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 1.58 and a beta of 1.01.
Alphabet (NASDAQ:GOOGL) last posted its earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.42 by ($2.30). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The business had revenue of $33.01 billion during the quarter, compared to analyst estimates of $32.84 billion. During the same period in the previous year, the firm posted $13.06 earnings per share. On average, equities research analysts forecast that Alphabet Inc will post 49.05 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. KeyCorp boosted their target price on Alphabet from $1,516.00 to $1,546.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Stifel Nicolaus boosted their target price on Alphabet from $1,299.00 to $1,325.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. FBN Securities set a $1,400.00 target price on Alphabet and gave the stock a “buy” rating in a research report on Friday, July 26th. Bank of America restated a “buy” rating and set a $1,450.00 target price on shares of Alphabet in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their target price on Alphabet from $1,310.00 to $1,420.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $1,406.25.
Alphabet 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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