RPg Family Wealth Advisory LLC Sells 61 Shares of Alphabet Inc (NASDAQ:GOOGL)

RPg Family Wealth Advisory LLC cut its holdings in Alphabet Inc (NASDAQ:GOOGL) by 1.5% during the second quarter, Holdings Channel.com reports. The firm owned 4,085 shares of the information services provider’s stock after selling 61 shares during the quarter. Alphabet accounts for about 2.6% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 11th biggest position. RPg Family Wealth Advisory LLC’s holdings in Alphabet were worth $4,423,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its stake in shares of Alphabet by 0.9% during the 2nd quarter. Northern Trust Corp now owns 3,876,945 shares of the information services provider’s stock valued at $4,197,956,000 after buying an additional 33,408 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in Alphabet by 205,910.9% during the second quarter. Thoroughbred Financial Services LLC now owns 3,393,000 shares of the information services provider’s stock worth $339,300,000 after acquiring an additional 3,391,353 shares in the last quarter. Edgewood Management LLC increased its stake in shares of Alphabet by 1.0% during the second quarter. Edgewood Management LLC now owns 1,437,530 shares of the information services provider’s stock valued at $1,556,557,000 after purchasing an additional 14,605 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Alphabet by 4.5% during the second quarter. Fisher Asset Management LLC now owns 1,424,101 shares of the information services provider’s stock valued at $1,542,017,000 after purchasing an additional 61,029 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Alphabet by 4.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,326,840 shares of the information services provider’s stock worth $1,436,703,000 after purchasing an additional 50,987 shares in the last quarter. Institutional investors and hedge funds own 33.81% of the company’s stock.

Shares of NASDAQ:GOOGL traded up $11.31 during trading on Wednesday, hitting $1,217.01. The company’s stock had a trading volume of 100,775 shares, compared to its average volume of 1,135,148. 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 market cap of $835.73 billion, a price-to-earnings ratio of 25.62, a P/E/G ratio of 1.34 and a beta of 0.99. The company has a 50-day moving average of $1,189.59 and a 200-day moving average of $1,165.95. Alphabet Inc has a 12 month low of $977.66 and a 12 month high of $1,296.97.



Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, beating the Zacks’ 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 business had revenue of $31.71 billion during the quarter, compared to analysts’ expectations of $30.90 billion. As a group, research analysts anticipate that Alphabet Inc will post 51.29 earnings per share for the current year.

A number of research firms recently weighed in on GOOGL. KeyCorp reaffirmed an “overweight” rating and set a $1,516.00 price objective (up previously from $1,430.00) on shares of Alphabet in a research report on Friday, July 26th. FBN Securities set a $1,400.00 target price on Alphabet and gave the stock a “buy” rating in a research note on Friday, July 26th. MKM Partners restated a “buy” rating and set a $1,450.00 price target on shares of Alphabet in a report on Friday, August 2nd. China Renaissance Securities assumed coverage on Alphabet in a research report on Wednesday, May 29th. They issued a “hold” rating and a $1,270.00 price target for the company. Finally, Oppenheimer set a $1,370.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research note 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 stock. The stock has a consensus rating of “Buy” and a consensus target price of $1,373.76.

About Alphabet

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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