Alphabet Inc. (GOOGL) Holdings Maintained by Loeb Partners Corp

Loeb Partners Corp maintained its stake in Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 650 shares of the information services provider’s stock at the close of the second quarter. Loeb Partners Corp’s holdings in Alphabet were worth $604,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Alta Capital Management LLC grew its stake in shares of Alphabet by 1.3% during the first quarter. Alta Capital Management LLC now owns 79,008 shares of the information services provider’s stock valued at $66,982,000 after buying an additional 1,001 shares during the last quarter. Patriot Wealth Management Inc. grew its stake in shares of Alphabet by 2.6% during the first quarter. Patriot Wealth Management Inc. now owns 5,599 shares of the information services provider’s stock valued at $4,747,000 after buying an additional 141 shares during the last quarter. Girard Partners LTD. grew its stake in shares of Alphabet by 10.7% during the first quarter. Girard Partners LTD. now owns 4,528 shares of the information services provider’s stock valued at $3,839,000 after buying an additional 439 shares during the last quarter. Courier Capital LLC grew its stake in shares of Alphabet by 7.9% during the first quarter. Courier Capital LLC now owns 617 shares of the information services provider’s stock valued at $523,000 after buying an additional 45 shares during the last quarter. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC grew its stake in shares of Alphabet by 11.0% during the first quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 1,736 shares of the information services provider’s stock valued at $1,471,000 after buying an additional 172 shares during the last quarter. 33.85% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Alphabet Inc. (GOOGL) opened at 1005.65 on Friday. The stock’s 50 day moving average is $954.98 and its 200-day moving average is $941.42. Alphabet Inc. has a 12 month low of $743.59 and a 12 month high of $1,011.54. The company has a market cap of $696.79 billion, a P/E ratio of 36.45 and a beta of 0.96.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by ($3.24). The business had revenue of $20.92 billion for the quarter, compared to analysts’ expectations of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same period last year, the business earned $8.42 EPS. On average, equities analysts forecast that Alphabet Inc. will post $30.59 EPS for the current year.

A number of research analysts have recently issued reports on the company. Credit Suisse Group reaffirmed an “outperform” rating on shares of Alphabet in a research note on Wednesday. Jefferies Group LLC reissued a “buy” rating and issued a $1,200.00 target price on shares of Alphabet in a research note on Tuesday. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a research note on Sunday, October 8th. Vetr cut Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 target price on the stock. in a research note on Friday, October 6th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $1,250.00 target price on shares of Alphabet in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $1,058.31.

About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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