MPS Loria Financial Planners LLC Purchases 15 Shares of Alphabet Inc (NASDAQ:GOOGL)

MPS Loria Financial Planners LLC grew its position in Alphabet Inc (NASDAQ:GOOGL) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 243 shares of the information services provider’s stock after purchasing an additional 15 shares during the quarter. MPS Loria Financial Planners LLC’s holdings in Alphabet were worth $263,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Atlantic Trust LLC increased its position in Alphabet by 2.7% during the second quarter. Atlantic Trust LLC now owns 2,229 shares of the information services provider’s stock worth $2,414,000 after acquiring an additional 58 shares during the period. Brightworth increased its position in Alphabet by 1.9% during the second quarter. Brightworth now owns 5,611 shares of the information services provider’s stock worth $6,076,000 after acquiring an additional 106 shares during the period. Signaturefd LLC increased its position in Alphabet by 7.9% during the second quarter. Signaturefd LLC now owns 3,815 shares of the information services provider’s stock worth $4,131,000 after acquiring an additional 280 shares during the period. Camarda Financial Advisors LLC increased its position in Alphabet by 31.5% during the second quarter. Camarda Financial Advisors LLC now owns 117 shares of the information services provider’s stock worth $127,000 after acquiring an additional 28 shares during the period. Finally, Cutter & CO Brokerage Inc. bought a new position in Alphabet during the second quarter worth $567,000. 33.96% of the stock is currently owned by institutional investors.

Shares of NASDAQ:GOOGL opened at $1,164.25 on Thursday. Alphabet Inc has a 52 week low of $977.66 and a 52 week high of $1,296.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 3.96. The firm has a fifty day moving average price of $1,156.04. The firm has a market cap of $814.39 billion, a P/E ratio of 24.51, a PEG ratio of 1.29 and a beta of 0.97.



Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The company had revenue of $31.71 billion for the quarter, compared to the consensus estimate of $30.90 billion. On average, equities research analysts predict that Alphabet Inc will post 51.94 earnings per share for the current fiscal year.

GOOGL has been the topic of a number of research reports. Nomura reaffirmed a “buy” rating and set a $1,400.00 target price (up previously from $1,300.00) on shares of Alphabet in a research report on Friday, July 26th. ValuEngine lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Oppenheimer set a $1,370.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, July 26th. Cowen set a $1,500.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Susquehanna Bancshares boosted their target price on shares of Alphabet to $1,550.00 in a research report on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $1,371.05.

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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