Golub Group LLC Has $47.83 Million Position in Alphabet Inc (NASDAQ:GOOGL)

Golub Group LLC trimmed its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,164 shares of the information services provider’s stock after selling 256 shares during the quarter. Alphabet makes up about 3.8% of Golub Group LLC’s investment portfolio, making the stock its 8th largest holding. Golub Group LLC’s holdings in Alphabet were worth $47,825,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Neville Rodie & Shaw Inc. increased its stake in Alphabet by 2.7% in the second quarter. Neville Rodie & Shaw Inc. now owns 16,674 shares of the information services provider’s stock valued at $18,054,000 after acquiring an additional 433 shares during the last quarter. Bath Savings Trust Co grew its stake in shares of Alphabet by 3.0% during the second quarter. Bath Savings Trust Co now owns 10,102 shares of the information services provider’s stock worth $10,939,000 after buying an additional 290 shares during the last quarter. Thomasville National Bank grew its stake 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 buying an additional 10 shares during the last quarter. Park National Corp OH grew its stake 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 buying 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. Institutional investors own 33.56% of the company’s stock.

A number of brokerages have recently commented on GOOGL. Pivotal Research reiterated a “hold” rating and set a $1,445.00 price target on shares of Alphabet in a report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price target on shares of Alphabet from $1,310.00 to $1,420.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Canaccord Genuity lifted their price target on shares of Alphabet from $1,350.00 to $1,450.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Stifel Nicolaus lifted their price target on shares of Alphabet from $1,299.00 to $1,325.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Finally, Morgan Stanley lifted their price target on shares of Alphabet from $1,400.00 to $1,450.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and an average price target of $1,406.25.

Shares of NASDAQ:GOOGL traded up $2.06 during midday trading on Friday, hitting $1,309.00. 1,519,600 shares of the company’s stock were exchanged, compared to its average volume of 1,555,468. The company has a market cap of $895.48 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75. The stock has a 50 day moving average price of $1,241.32 and a 200-day moving average price of $1,181.32. Alphabet Inc has a 12 month low of $977.66 and a 12 month high of $1,322.65.

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 the Thomson Reuters’ 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 firm had revenue of $33.01 billion during the quarter, compared to analysts’ expectations of $32.84 billion. During the same quarter in the prior year, the company earned $13.06 earnings per share. On average, analysts anticipate that Alphabet Inc will post 49.05 EPS for the current fiscal year.

About Alphabet

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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