Intercontinental Wealth Advisors LLC cut its holdings in Alphabet Inc (NASDAQ:GOOGL) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 350 shares of the information services provider’s stock after selling 18 shares during the quarter. Intercontinental Wealth Advisors LLC’s holdings in Alphabet were worth $366,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of GOOGL. Vestor Capital LLC acquired a new position in Alphabet during the 3rd quarter worth approximately $62,000. Lavaca Capital LLC acquired a new position in Alphabet during the 4th quarter worth approximately $97,000. Sound Income Strategies LLC boosted its position in Alphabet by 71.4% during the 4th quarter. Sound Income Strategies LLC now owns 96 shares of the information services provider’s stock worth $100,000 after acquiring an additional 40 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Alphabet during the 4th quarter worth approximately $103,000. Finally, CX Institutional boosted its position in Alphabet by 93.1% during the 4th quarter. CX Institutional now owns 112 shares of the information services provider’s stock worth $117,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 34.12% of the company’s stock.
GOOGL opened at $1,170.80 on Thursday. Alphabet Inc has a 1-year low of $977.66 and a 1-year high of $1,296.97. The company has a current ratio of 3.96, a quick ratio of 3.93 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $789.07 billion, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.
Several research firms have recently commented on GOOGL. BMO Capital Markets increased their price objective on Alphabet from $1,100.00 to $1,200.00 and gave the company a “market perform” rating in a report on Thursday, April 25th. They noted that the move was a valuation call. Needham & Company LLC began coverage on Alphabet in a report on Monday, March 4th. They issued a “buy” rating and a $1,153.42 price objective for the company. Morgan Stanley cut their price objective on Alphabet from $1,500.00 to $1,425.00 and set an “overweight” rating for the company in a report on Tuesday, April 30th. They noted that the move was a valuation call. Citigroup cut their price objective on Alphabet from $1,350.00 to $1,325.00 and set a “buy” rating for the company in a report on Tuesday, February 5th. Finally, Royal Bank of Canada cut their price objective on Alphabet to $1,300.00 and set an “outperform” rating for the company in a report on Tuesday, February 5th. Five investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus target price of $1,328.88.
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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