Penn Davis Mcfarland Inc. trimmed its stake in Alphabet Inc (NASDAQ:GOOGL) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,604 shares of the information services provider’s stock after selling 539 shares during the period. Alphabet accounts for about 5.3% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 7th biggest holding. Penn Davis Mcfarland Inc.’s holdings in Alphabet were worth $17,141,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in Alphabet during the 2nd quarter valued at about $102,000. Parkside Financial Bank & Trust grew its stake in shares of Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after acquiring an additional 36 shares during the period. Odey Holdings AG grew its stake in shares of Alphabet by 18.2% in the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after acquiring an additional 20 shares during the period. Farmers National Bank grew 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 worth $127,000 after acquiring an additional 4 shares during the period. Finally, Riggs Asset Managment Co. Inc. grew 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 worth $129,000 after acquiring an additional 56 shares during the period. 33.55% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the stock. SunTrust Banks reiterated a “buy” rating and issued a $1,250.00 price target on shares of Alphabet in a research note on Friday. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,179.78 price objective on the stock in a report on Monday, January 8th. Zacks Investment Research downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Robert W. Baird reaffirmed a “buy” rating and set a $1,150.00 price target on shares of Alphabet in a report on Tuesday, January 2nd. Finally, Bank of America reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and an average price target of $1,100.06.
Shares of Alphabet Inc (NASDAQ:GOOGL) traded up $18.60 during trading hours on Friday, reaching $1,130.65. 1,926,714 shares of the company traded hands, compared to its average volume of 1,520,000. Alphabet Inc has a one year low of $812.05 and a one year high of $1,131.30. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. The firm has a market cap of $783,260.00, a P/E ratio of 37.66, a PEG ratio of 1.45 and a beta of 0.90.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping analysts’ consensus estimates of $8.43 by $1.14. The business had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same quarter last year, the company earned $9.06 EPS. research analysts anticipate that Alphabet Inc will post 32.34 EPS for the current year.
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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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