Aua Capital Management LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL) by 43.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 159 shares of the information services provider’s stock after selling 120 shares during the period. Aua Capital Management LLC’s holdings in Alphabet were worth $135,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of GOOGL. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of Alphabet during the first quarter valued at about $108,000. Delta Asset Management LLC TN raised its stake in shares of 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 during the period. Farmers National Bank raised its stake in shares of 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 during the period. Riggs Asset Managment Co. Inc. raised its stake in shares of 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 during the period. Finally, Jacobi Capital Management LLC acquired a new stake in shares of Alphabet during the first quarter valued at about $132,000. Institutional investors and hedge funds own 34.12% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOGL) traded down 0.16% during trading on Friday, hitting $926.18. 1,337,404 shares of the company traded hands. The stock has a 50-day moving average price of $952.51 and a 200-day moving average price of $912.15. The firm has a market capitalization of $641.73 billion, a P/E ratio of 33.57 and a beta of 0.99. Alphabet Inc. has a 12-month low of $743.59 and a 12-month high of $1,008.61.
Alphabet (NASDAQ:GOOGL) last announced its quarterly 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. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company had revenue of $20.92 billion for the quarter, compared to the consensus estimate of $20.83 billion. During the same quarter last year, the company posted $8.42 EPS. Equities analysts expect that Alphabet Inc. will post $30.60 EPS for the current fiscal year.
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Several brokerages have issued reports on GOOGL. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,052.36 price target on the stock in a report on Monday, June 5th. Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Citigroup Inc. boosted their price target on shares of Alphabet from $1,135.00 to $1,180.00 and gave the company a “buy” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. UBS AG reissued a “buy” rating and issued a $1,080.00 price target (up previously from $1,050.00) on shares of Alphabet in a report on Tuesday, July 25th. Finally, Barclays PLC reissued an “overweight” rating and issued a $1,060.00 price target (down previously from $1,065.00) on shares of Alphabet in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus 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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