Alphabet Inc (NASDAQ:GOOGL) is Geneva Advisors LLC’s 10th Largest Position

Geneva Advisors LLC reduced its holdings in Alphabet Inc (NASDAQ:GOOGL) by 1.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,637 shares of the information services provider’s stock after selling 1,210 shares during the period. Alphabet makes up 1.8% of Geneva Advisors LLC’s portfolio, making the stock its 10th largest holding. Geneva Advisors LLC’s holdings in Alphabet were worth $106,576,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GOOGL. Dowling & Yahnke LLC boosted its holdings in shares of Alphabet by 1.9% in the 1st quarter. Dowling & Yahnke LLC now owns 8,201 shares of the information services provider’s stock valued at $6,953,000 after acquiring an additional 151 shares during the last quarter. Lourd Capital LLC lifted its stake in shares of Alphabet by 4.3% in the 1st quarter. Lourd Capital LLC now owns 1,011 shares of the information services provider’s stock valued at $857,000 after purchasing an additional 42 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of Alphabet by 0.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 36,177 shares of the information services provider’s stock valued at $30,670,000 after purchasing an additional 150 shares during the period. Bourgeon Capital Management LLC lifted its stake in shares of Alphabet by 1.0% in the 1st quarter. Bourgeon Capital Management LLC now owns 6,728 shares of the information services provider’s stock valued at $5,704,000 after purchasing an additional 65 shares during the period. Finally, Beaumont Financial Partners LLC raised its position in Alphabet by 11.0% during the first quarter. Beaumont Financial Partners LLC now owns 12,758 shares of the information services provider’s stock worth $10,816,000 after acquiring an additional 1,260 shares during the period. Hedge funds and other institutional investors own 33.62% of the company’s stock.

GOOGL has been the subject of a number of research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $1,075.00 price objective on shares of Alphabet in a research report on Monday, September 25th. UBS reissued a “buy” rating and issued a $1,080.00 price objective on shares of Alphabet in a report on Friday, September 8th. Jefferies Group reissued a “buy” rating and issued a $1,200.00 price objective on shares of Alphabet in a report on Tuesday, October 10th. They noted that the move was a valuation call. Mizuho reissued a “buy” rating on shares of Alphabet in a report on Tuesday, October 17th. Finally, Vetr lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price objective for the company. in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, forty have assigned 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 $1,089.17.

Shares of Alphabet Inc (GOOGL) opened at $1,019.60 on Wednesday. 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 $773.32 and a fifty-two week high of $1,080.00. The company has a market capitalization of $703,048.31, a PE ratio of 33.88, a price-to-earnings-growth ratio of 1.70 and a beta of 0.89.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $8.43 by $1.14. The business had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same quarter in the previous year, the business earned $9.06 EPS. equities research analysts forecast that Alphabet Inc will post 32.34 earnings per share for the current fiscal year.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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