Grandview Asset Management LLC cut its position in Alphabet Inc (NASDAQ:GOOGL) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,374 shares of the information services provider’s stock after selling 16 shares during the period. Alphabet accounts for 3.4% of Grandview Asset Management LLC’s holdings, making the stock its 8th largest position. Grandview Asset Management LLC’s holdings in Alphabet were worth $3,653,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Canal Capital Management LLC lifted its position in Alphabet by 0.8% during the fourth quarter. Canal Capital Management LLC now owns 1,172 shares of the information services provider’s stock worth $1,225,000 after buying an additional 9 shares in the last quarter. Clarkston Capital Partners LLC lifted its position in Alphabet by 4.0% during the fourth quarter. Clarkston Capital Partners LLC now owns 260 shares of the information services provider’s stock worth $272,000 after buying an additional 10 shares in the last quarter. Community Bank & Trust Waco Texas lifted its position in Alphabet by 0.8% during the fourth quarter. Community Bank & Trust Waco Texas now owns 1,286 shares of the information services provider’s stock worth $1,344,000 after buying an additional 10 shares in the last quarter. Shufro Rose & Co. LLC lifted its position in Alphabet by 2.4% during the fourth quarter. Shufro Rose & Co. LLC now owns 434 shares of the information services provider’s stock worth $454,000 after buying an additional 10 shares in the last quarter. Finally, South Texas Money Management Ltd. lifted its position in Alphabet by 3.1% during the fourth quarter. South Texas Money Management Ltd. now owns 329 shares of the information services provider’s stock worth $344,000 after buying an additional 10 shares in the last quarter. 33.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ GOOGL traded up $109.28 during trading on Friday, reaching $1,245.22. The stock had a trading volume of 6,058,710 shares, compared to its average volume of 1,294,398. Alphabet Inc has a fifty-two week low of $977.66 and a fifty-two week high of $1,296.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.93 and a current ratio of 3.96. The stock has a 50-day moving average price of $1,116.09. The stock has a market capitalization of $864.49 billion, a P/E ratio of 26.21, a P/E/G ratio of 1.47 and a beta of 0.96.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.58% and a net margin of 23.43%. The business had revenue of $31.71 billion during the quarter, compared to analysts’ expectations of $30.90 billion. Research analysts expect that Alphabet Inc will post 48.43 earnings per share for the current fiscal year.

A number of brokerages recently commented on GOOGL. Jefferies Financial Group lifted their price objective on Starbucks from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday. Moffett Nathanson reduced their price objective on Alphabet from $1,290.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. Canaccord Genuity lifted their target price on Toromont Industries from C$62.00 to C$64.00 and gave the company a “hold” rating in a research report on Friday. Royal Bank of Canada lifted their target price on Alphabet to $1,425.00 and gave the company an “outperform” rating in a research report on Friday. Finally, DZ Bank restated a “hold” rating and issued a $1,197.00 target price on shares of Alphabet in a research report on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and an average price target of $1,354.32.

Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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