Butensky & Cohen Financial Security Inc. Boosts Holdings in Alphabet Inc (GOOGL)

Butensky & Cohen Financial Security Inc. grew its holdings in Alphabet Inc (NASDAQ:GOOGL) by 13.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,647 shares of the information services provider’s stock after purchasing an additional 195 shares during the quarter. Butensky & Cohen Financial Security Inc.’s holdings in Alphabet were worth $1,604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue bought a new position in Alphabet during the 2nd quarter worth approximately $102,000. Parkside Financial Bank & Trust boosted its stake in Alphabet by 39.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after acquiring an additional 36 shares during the last quarter. Odey Holdings AG boosted its stake in Alphabet by 18.2% during the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after acquiring an additional 20 shares during the last quarter. Farmers National Bank boosted its stake in Alphabet by 2.7% during the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after acquiring an additional 4 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. boosted its stake in Alphabet by 58.3% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock worth $129,000 after acquiring an additional 56 shares during the last quarter. 33.53% of the stock is currently owned by institutional investors.

Shares of Alphabet Inc (GOOGL) opened at $1,073.56 on Thursday. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet Inc has a fifty-two week low of $789.62 and a fifty-two week high of $1,086.49. The stock has a market cap of $750,232.25, a P/E ratio of 36.15, a PEG ratio of 1.81 and a beta of 0.89.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $21.94 billion. During the same period last year, the company earned $9.06 earnings per share. sell-side analysts predict that Alphabet Inc will post 32.34 EPS for the current fiscal year.

Several research firms recently weighed in on GOOGL. Vetr raised shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 price objective on the stock in a research note on Monday, November 6th. Pivotal Research reissued a “hold” rating and set a $990.00 price objective on shares of Alphabet in a research note on Sunday, October 29th. Stifel Nicolaus lifted their price objective on shares of Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Citigroup reissued a “buy” rating on shares of Alphabet in a research note on Monday, October 30th. Finally, Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,157.00 price objective on the stock in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $1,089.17.

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Alphabet Profile

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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