Prentiss Smith & Co. Inc. Purchases Shares of 165 Alphabet Inc (NASDAQ:GOOGL)

Prentiss Smith & Co. Inc. purchased a new stake in Alphabet Inc (NASDAQ:GOOGL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 165 shares of the information services provider’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also modified their holdings of GOOGL. Lodestar Investment Counsel LLC IL grew its holdings in Alphabet by 0.8% during the second quarter. Lodestar Investment Counsel LLC IL now owns 4,547 shares of the information services provider’s stock worth $4,923,000 after buying an additional 34 shares in the last quarter. Essex Financial Services Inc. grew its holdings in Alphabet by 4.1% during the second quarter. Essex Financial Services Inc. now owns 4,106 shares of the information services provider’s stock worth $4,446,000 after buying an additional 160 shares in the last quarter. Pacific Wealth Strategies Group Inc. grew its holdings in Alphabet by 2.7% during the third quarter. Pacific Wealth Strategies Group Inc. now owns 3,283 shares of the information services provider’s stock worth $4,009,000 after buying an additional 87 shares in the last quarter. LS Investment Advisors LLC grew its holdings in Alphabet by 1.3% during the third quarter. LS Investment Advisors LLC now owns 11,835 shares of the information services provider’s stock worth $14,452,000 after buying an additional 151 shares in the last quarter. Finally, Carlson Capital L P grew its holdings in Alphabet by 19.2% during the second quarter. Carlson Capital L P now owns 24,425 shares of the information services provider’s stock worth $26,447,000 after buying an additional 3,935 shares in the last quarter. 33.59% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the company. Cowen set a $1,500.00 price objective on Alphabet and gave the company a “buy” rating in a research note on Friday, July 26th. Canaccord Genuity upped their price objective on Alphabet from $1,350.00 to $1,450.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC set a $1,350.00 price objective on Alphabet and gave the company a “buy” rating in a research note on Friday, July 26th. Wedbush upped their price objective on Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. They noted that the move was a valuation call. Finally, Jefferies Financial Group upped their price objective on Alphabet from $1,500.00 to $1,550.00 in a research note on Tuesday, October 29th. Seven analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $1,411.81.

Shares of GOOGL stock traded down $1.03 on Wednesday, hitting $1,296.18. 79,285 shares of the stock were exchanged, compared to its average volume of 1,551,794. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $902.80 billion, a PE ratio of 27.28, a P/E/G ratio of 1.60 and a beta of 1.01. Alphabet Inc has a one year low of $977.66 and a one year high of $1,322.65. The firm’s 50 day moving average is $1,245.81 and its two-hundred day moving average is $1,182.06.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing the consensus estimate of $12.42 by ($2.30). The firm had revenue of $33.01 billion for the quarter, compared to the consensus estimate of $32.84 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. During the same quarter in the previous year, the company posted $13.06 EPS. On average, sell-side analysts expect that Alphabet Inc will post 49.05 earnings per share for the current year.

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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