Academy Capital Management Inc. TX reduced its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,377 shares of the information services provider’s stock after selling 54 shares during the period. Alphabet makes up 1.4% of Academy Capital Management Inc. TX’s portfolio, making the stock its 25th largest position. Academy Capital Management Inc. TX’s holdings in Alphabet were worth $4,998,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Alphabet during the second quarter valued at about $102,000. Franklin Parlapiano Turner & Welch LLC bought a new position in Alphabet during the first quarter valued at about $108,000. Delta Asset Management LLC TN boosted its position in Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after buying an additional 2 shares in the last quarter. Farmers National Bank boosted its position in Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after buying an additional 4 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. boosted its position in Alphabet by 58.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 34.12% of the company’s stock.
Alphabet Inc. (NASDAQ GOOGL) traded down 0.16% during mid-day trading on Friday, hitting $926.18. 1,337,404 shares of the stock traded hands. The firm’s 50-day moving average price is $952.51 and its 200-day moving average price is $912.15. The firm has a market cap of $641.73 billion, a P/E ratio of 33.57 and a beta of 0.99. Alphabet Inc. has a 52 week low of $743.59 and a 52 week high of $1,008.61.
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 company had revenue of $20.92 billion for the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same period in the prior year, the company earned $8.42 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post $30.60 earnings per share for the current fiscal year.
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GOOGL has been the topic of several research reports. B. Riley reaffirmed a “buy” rating and issued a $1,032.00 price target on shares of Alphabet in a report on Friday, April 28th. MKM Partners reaffirmed a “buy” rating and issued a $1,000.00 price target on shares of Alphabet in a report on Tuesday, April 25th. Instinet reaffirmed a “buy” rating and issued a $925.00 price target on shares of Alphabet in a report on Tuesday, April 25th. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $962.00 price target on the stock in a report on Tuesday, April 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $1,075.00 price target on shares of Alphabet in a report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,053.45.
Alphabet Company 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.
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