Alphabet Inc (NASDAQ:GOOGL) is Fishman Jay A Ltd. MI’s 4th Largest Position

Fishman Jay A Ltd. MI cut its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 4.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,964 shares of the information services provider’s stock after selling 1,195 shares during the quarter. Alphabet accounts for about 5.5% of Fishman Jay A Ltd. MI’s portfolio, making the stock its 4th largest holding. Fishman Jay A Ltd. MI’s holdings in Alphabet were worth $29,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Zevin Asset Management LLC grew its stake in shares of Alphabet by 3.2% during the 3rd quarter. Zevin Asset Management LLC now owns 7,400 shares of the information services provider’s stock worth $9,036,000 after purchasing an additional 227 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of Alphabet by 42.4% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,577 shares of the information services provider’s stock worth $3,147,000 after purchasing an additional 767 shares during the period. Taylor Hoffman Wealth Management grew its stake in shares of Alphabet by 13.6% during the 3rd quarter. Taylor Hoffman Wealth Management now owns 1,111 shares of the information services provider’s stock worth $1,357,000 after purchasing an additional 133 shares during the period. D L Carlson Investment Group Inc. grew its stake in shares of Alphabet by 18.5% during the 3rd quarter. D L Carlson Investment Group Inc. now owns 5,503 shares of the information services provider’s stock worth $6,720,000 after purchasing an additional 859 shares during the period. Finally, Hayek Kallen Investment Management grew its stake in shares of Alphabet by 0.7% during the 3rd quarter. Hayek Kallen Investment Management now owns 3,191 shares of the information services provider’s stock worth $3,897,000 after purchasing an additional 23 shares during the period. 33.56% of the stock is owned by institutional investors.

Shares of NASDAQ GOOGL traded up $2.06 during trading on Friday, hitting $1,309.00. 1,519,600 shares of the company were exchanged, compared to its average volume of 1,555,468. Alphabet Inc has a 12-month low of $977.66 and a 12-month high of $1,322.65. The firm has a market capitalization of $895.48 billion, a PE ratio of 27.55, a P/E/G ratio of 1.58 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78. The company has a fifty day moving average price of $1,241.32 and a 200-day moving average price of $1,181.32.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the Zacks’ consensus estimate of $12.42 by ($2.30). Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The company had revenue of $33.01 billion for the quarter, compared to analyst estimates of $32.84 billion. During the same period in the prior year, the firm posted $13.06 earnings per share. Research analysts anticipate that Alphabet Inc will post 49.05 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Alphabet from $1,400.00 to $1,450.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Raymond James reissued an “outperform” rating on shares of Alphabet in a research note on Wednesday, October 30th. Susquehanna Bancshares lifted their target price on shares of Alphabet to $1,550.00 in a research note on Friday, July 26th. Needham & Company LLC set a $1,350.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, July 13th. Seven research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and an average price target 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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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