Baldwin Brothers Inc. MA lowered its stake in Alphabet Inc (NASDAQ:GOOGL) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,987 shares of the information services provider’s stock after selling 458 shares during the quarter. Alphabet accounts for 3.3% of Baldwin Brothers Inc. MA’s portfolio, making the stock its 3rd largest position. Baldwin Brothers Inc. MA’s holdings in Alphabet were worth $20,435,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in shares of Alphabet in the 2nd quarter worth $102,000. Parkside Financial Bank & Trust grew its stake in shares of Alphabet by 39.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after buying an additional 36 shares in the last quarter. Odey Holdings AG grew its stake in shares of Alphabet by 18.2% in the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after buying an additional 20 shares in the last quarter. Farmers National Bank grew its stake in shares of Alphabet by 2.7% in the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after buying an additional 4 shares in the last quarter. Finally, Lloyds Banking Group plc purchased a new position in shares of Alphabet in the 2nd quarter worth $133,000. Institutional investors own 33.55% of the company’s stock.
Shares of Alphabet Inc (GOOGL) opened at $1,130.65 on Friday. 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 twelve month low of $812.05 and a twelve month high of $1,131.30. The company has a market cap of $783,260.00, a price-to-earnings ratio of 37.66, a PEG ratio of 1.45 and a beta of 0.90.
Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. During the same period in the previous year, the business posted $9.06 EPS. sell-side analysts predict that Alphabet Inc will post 32.34 earnings per share for the current fiscal year.
GOOGL has been the subject of a number of recent research reports. Goldman Sachs Group lifted their price objective on shares of Alphabet from $1,125.00 to $1,175.00 in a research note on Friday, October 27th. Citigroup reaffirmed a “buy” rating and set a $1,180.00 price target on shares of Alphabet in a research note on Wednesday, September 20th. SunTrust Banks reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a research note on Saturday, September 23rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a research note on Thursday, September 21st. Finally, Bank of America reiterated a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, five have given a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and a consensus target price of $1,100.06.
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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.
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