Beck Bode LLC Has $532,000 Position in Alphabet Inc (NASDAQ:GOOGL)

Beck Bode LLC cut its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 436 shares of the information services provider’s stock after selling 42 shares during the quarter. Beck Bode LLC’s holdings in Alphabet were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in GOOGL. Roof Eidam & Maycock ADV bought a new stake in Alphabet in the third quarter worth approximately $33,000. Litman Gregory Asset Management LLC bought a new stake in shares of Alphabet in the 2nd quarter valued at $37,000. Garrett Wealth Advisory Group LLC bought a new stake in shares of Alphabet in the 3rd quarter valued at $39,000. Lipe & Dalton acquired a new position in shares of Alphabet during the 2nd quarter valued at $49,000. Finally, Johnson Financial Group Inc. lifted its position in shares of Alphabet by 26.3% during the 2nd quarter. Johnson Financial Group Inc. now owns 48 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 10 shares during the period. 33.57% of the stock is currently owned by institutional investors.

GOOGL stock traded down $8.08 during trading on Tuesday, reaching $1,280.78. The stock had a trading volume of 437,391 shares, compared to its average volume of 1,245,949. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $888.91 billion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 1.59 and a beta of 1.02. Alphabet Inc has a one year low of $977.66 and a one year high of $1,333.92. The company’s 50 day moving average is $1,283.14 and its two-hundred day moving average is $1,192.64.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing analysts’ consensus estimates of $12.42 by ($2.30). The business had revenue of $33.01 billion during the quarter, compared to analysts’ expectations 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 firm earned $13.06 EPS. As a group, research analysts predict that Alphabet Inc will post 49.05 earnings per share for the current fiscal year.

GOOGL has been the subject of a number of research reports. KeyCorp raised their price target on shares of Alphabet from $1,516.00 to $1,546.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Bank of America reiterated a “buy” rating and set a $1,450.00 price objective on shares of Alphabet in a report on Thursday, October 24th. Loop Capital increased their price objective on shares of Alphabet to $1,450.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. They noted that the move was a valuation call. Jefferies Financial Group raised their target price on Alphabet from $1,500.00 to $1,550.00 in a research note on Tuesday, October 29th. Finally, BMO Capital Markets set a $1,245.00 target price on Alphabet and gave the company a “hold” rating in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and thirty-four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $1,414.05.

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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