Alphabet Inc (GOOGL) is Centre Asset Management LLC’s 8th Largest Position

Centre Asset Management LLC lowered its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,530 shares of the information services provider’s stock after selling 210 shares during the period. Alphabet comprises 3.2% of Centre Asset Management LLC’s portfolio, making the stock its 8th largest holding. Centre Asset Management LLC’s holdings in Alphabet were worth $12,201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOGL. Pure Financial Advisors Inc. grew its holdings in shares of Alphabet by 0.4% during the second quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock worth $258,000 after buying an additional 1 shares in the last quarter. Baystate Wealth Management LLC grew its holdings in shares of Alphabet by 0.7% during the second quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock worth $288,000 after buying an additional 2 shares in the last quarter. First Bank & Trust grew its holdings in shares of Alphabet by 0.3% during the second quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock worth $710,000 after buying an additional 2 shares in the last quarter. Fort Pitt Capital Group LLC grew its holdings in shares of Alphabet by 0.3% during the second quarter. Fort Pitt Capital Group LLC now owns 723 shares of the information services provider’s stock worth $672,000 after buying an additional 2 shares in the last quarter. Finally, RB Capital Management LLC grew its holdings in shares of Alphabet by 0.4% during the second quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock worth $654,000 after buying an additional 3 shares in the last quarter. Institutional investors own 33.62% of the company’s stock.

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at $1,072.00 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc has a 52 week low of $789.62 and a 52 week high of $1,080.00. The stock has a market cap of $752,300.00, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 1.78 and a beta of 0.90.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. During the same period in the previous year, the firm earned $9.06 earnings per share. sell-side analysts predict that Alphabet Inc will post 32.34 EPS for the current year.

GOOGL has been the subject of a number of recent research reports. SunTrust Banks reiterated a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a report on Saturday, September 23rd. Cantor Fitzgerald reiterated a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a report on Tuesday, October 24th. Zacks Investment Research downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price target for the company. in a report on Friday, October 6th. Finally, Citigroup reiterated a “buy” rating and set a $1,180.00 price target on shares of Alphabet in a report on Tuesday, October 24th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. Alphabet currently has an average rating of “Buy” and an average price target of $1,089.17.

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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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