Marshall & Sullivan Inc. WA Has $4.59 Million Stock Holdings in Alphabet Inc (NASDAQ:GOOGL)

Marshall & Sullivan Inc. WA decreased its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,233 shares of the information services provider’s stock after selling 20 shares during the period. Alphabet makes up about 3.4% of Marshall & Sullivan Inc. WA’s portfolio, making the stock its 12th biggest holding. Marshall & Sullivan Inc. WA’s holdings in Alphabet were worth $4,585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stephenson National Bank & Trust acquired a new stake in Alphabet in the fourth quarter valued at approximately $27,000. Cox Capital Mgt LLC acquired a new stake in Alphabet in the first quarter valued at approximately $27,000. HighMark Wealth Management LLC acquired a new stake in Alphabet in the fourth quarter valued at approximately $34,000. Advocacy Wealth Management Services LLC boosted its position in Alphabet by 54.5% in the first quarter. Advocacy Wealth Management Services LLC now owns 34 shares of the information services provider’s stock valued at $37,000 after buying an additional 12 shares in the last quarter. Finally, Spence Asset Management boosted its position in Alphabet by 45.5% in the first quarter. Spence Asset Management now owns 32 shares of the information services provider’s stock valued at $37,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 34.14% of the company’s stock.

GOOGL has been the topic of a number of research analyst reports. Tigress Financial restated a “buy” rating on shares of Alphabet in a research report on Monday, March 23rd. Wedbush raised their target price on shares of Alphabet from $1,375.00 to $1,550.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,616.00 price target for the company in a research note on Monday. Societe Generale dropped their price target on shares of Alphabet from $1,555.00 to $1,420.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. They noted that the move was a valuation call. Finally, Monness Crespi & Hardt dropped their price target on shares of Alphabet from $1,535.00 to $1,350.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Three equities research analysts have rated the stock with a hold rating and forty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $1,555.61.

Shares of NASDAQ GOOGL opened at $1,512.23 on Tuesday. The stock has a market capitalization of $1,032.28 billion, a P/E ratio of 30.52, a P/E/G ratio of 2.31 and a beta of 1.06. The company has a 50-day moving average price of $1,442.26 and a 200-day moving average price of $1,362.06. Alphabet Inc has a 1 year low of $1,008.87 and a 1 year high of $1,576.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 3.64.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, April 28th. The information services provider reported $9.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.16 by ($1.29). The business had revenue of $33.71 billion for the quarter, compared to analyst estimates of $32.59 billion. Alphabet had a net margin of 20.71% and a return on equity of 17.43%. During the same quarter in the prior year, the business earned $9.50 earnings per share. As a group, equities research analysts anticipate that Alphabet Inc will post 41.51 earnings per share for the current fiscal 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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