Capital Management Corp VA Trims Stock Position in Alphabet Inc (NASDAQ:GOOGL)

Capital Management Corp VA lowered its position in Alphabet Inc (NASDAQ:GOOGL) by 38.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,614 shares of the information services provider’s stock after selling 1,620 shares during the period. Capital Management Corp VA’s holdings in Alphabet were worth $3,707,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Scharf Investments LLC lifted its position in shares of Alphabet by 2.7% during the 2nd quarter. Scharf Investments LLC now owns 268 shares of the information services provider’s stock valued at $380,000 after acquiring an additional 7 shares during the last quarter. Cedar Mountain Advisors LLC lifted its position in shares of Alphabet by 26.9% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 33 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 7 shares during the last quarter. Droms Strauss Advisors Inc. MO ADV lifted its position in shares of Alphabet by 3.4% during the 1st quarter. Droms Strauss Advisors Inc. MO ADV now owns 246 shares of the information services provider’s stock valued at $286,000 after acquiring an additional 8 shares during the last quarter. Apollon Wealth Management LLC raised its stake in Alphabet by 4.8% during the 1st quarter. Apollon Wealth Management LLC now owns 173 shares of the information services provider’s stock valued at $201,000 after purchasing an additional 8 shares during the period. Finally, Analyst IMS Investment Management Services Ltd. raised its stake in Alphabet by 2.3% during the 1st quarter. Analyst IMS Investment Management Services Ltd. now owns 362 shares of the information services provider’s stock valued at $420,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 34.14% of the company’s stock.

GOOGL stock opened at $1,487.95 on Friday. 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 Inc has a 52-week low of $1,008.87 and a 52-week high of $1,587.05. The company has a 50-day moving average of $1,473.93 and a two-hundred day moving average of $1,375.65. The stock has a market capitalization of $1,050.12 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 2.35 and a beta of 1.06.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, July 30th. The information services provider reported $10.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $8.43 by $1.70. Alphabet had a net margin of 18.99% and a return on equity of 15.77%. The company had revenue of $31.60 billion during the quarter, compared to analysts’ expectations of $30.58 billion. Equities analysts expect that Alphabet Inc will post 42.07 EPS for the current fiscal year.

Several analysts have issued reports on the stock. Guggenheim boosted their target price on shares of Alphabet from $1,580.00 to $1,725.00 and gave the company a “buy” rating in a research note on Friday. Pivotal Research boosted their target price on shares of Alphabet from $1,575.00 to $1,725.00 and gave the company a “buy” rating in a research note on Friday. BofA Securities boosted their target price on shares of Alphabet from $1,610.00 to $1,730.00 and gave the company a “buy” rating in a research note on Friday. Monness Crespi & Hardt boosted their target price on shares of Alphabet from $1,420.00 to $1,700.00 and gave the company a “buy” rating in a research note on Friday. Finally, BMO Capital Markets boosted their target price on shares of Alphabet from $1,550.00 to $1,750.00 and gave the company an “outperform” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and forty have issued a buy rating to the stock. Alphabet currently has an average rating of “Buy” and an average target price of $1,657.51.

Alphabet 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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