Atria Investments LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,163 shares of the information services provider’s stock after selling 287 shares during the period. Alphabet makes up 0.8% of Atria Investments LLC’s investment portfolio, making the stock its 14th largest holding. Atria Investments LLC’s holdings in Alphabet were worth $44,955,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Morling Financial Advisors LLC bought a new position in Alphabet during the 4th quarter valued at $29,000. West Bancorporation Inc. bought a new position in Alphabet during the 4th quarter valued at $29,000. Wealthgate Family Office LLC bought a new stake in shares of Alphabet during the 4th quarter worth $32,000. NS Partners Ltd bought a new stake in shares of Alphabet during the 4th quarter worth $41,000. Finally, Schubert & Co bought a new stake in shares of Alphabet during the 4th quarter worth $43,000. 41.70% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently commented on GOOGL shares. Wedbush lowered their target price on Alphabet from $190.00 to $155.65 in a research note on Wednesday, April 27th. StockNews.com cut Alphabet from a “buy” rating to a “hold” rating in a research note on Friday, April 29th. Canaccord Genuity Group lowered their target price on Alphabet from $175.00 to $165.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27th. Itau BBA Securities started coverage on Alphabet in a report on Tuesday. They issued a “market perform” rating and a $113.00 price objective for the company. Finally, Itaú Unibanco started coverage on Alphabet in a report on Tuesday. They issued a “market perform” rating and a $113.00 price objective for the company. Five research analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.08.
Alphabet Stock Performance
Shares of GOOGL stock opened at $113.06 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.85 and a current ratio of 2.87. Alphabet Inc. has a fifty-two week low of $101.88 and a fifty-two week high of $151.55. The stock has a 50 day moving average price of $154.24 and a two-hundred day moving average price of $139.07. The company has a market capitalization of $1.49 trillion, a P/E ratio of 20.45, a PEG ratio of 1.12 and a beta of 1.10.
Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.11). Alphabet had a net margin of 27.57% and a return on equity of 30.18%. During the same period in the prior year, the company posted $27.26 earnings per share. Analysts expect that Alphabet Inc. will post 5.37 earnings per share for the current year.
Alphabet Company Profile
Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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