Eads & Heald Wealth Management Trims Stock Position in Alphabet Inc (NASDAQ:GOOGL)

Eads & Heald Wealth Management lowered its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 4.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,225 shares of the information services provider’s stock after selling 55 shares during the period. Eads & Heald Wealth Management’s holdings in Alphabet were worth $1,737,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GOOGL. Sunbelt Securities Inc. grew its stake in Alphabet by 7.3% in the 4th quarter. Sunbelt Securities Inc. now owns 2,851 shares of the information services provider’s stock worth $3,615,000 after buying an additional 193 shares in the last quarter. Fulton Bank N.A. grew its stake in Alphabet by 8.1% in the 1st quarter. Fulton Bank N.A. now owns 6,722 shares of the information services provider’s stock worth $7,811,000 after buying an additional 505 shares in the last quarter. Gantzert Investment Co. LLC ADV grew its stake in Alphabet by 7.6% in the 1st quarter. Gantzert Investment Co. LLC ADV now owns 3,983 shares of the information services provider’s stock worth $4,628,000 after buying an additional 282 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in Alphabet by 10.2% in the 1st quarter. Foundations Investment Advisors LLC now owns 1,442 shares of the information services provider’s stock worth $1,589,000 after buying an additional 134 shares in the last quarter. Finally, RDA Financial Network grew its stake in Alphabet by 6.9% in the 1st quarter. RDA Financial Network now owns 1,198 shares of the information services provider’s stock worth $1,392,000 after buying an additional 77 shares in the last quarter. 34.14% of the stock is owned by institutional investors.

A number of equities analysts have commented on GOOGL shares. JMP Securities boosted their price target on shares of Alphabet from $1,350.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised shares of Alphabet to a “buy” rating in a research note on Monday, July 13th. Monness Crespi & Hardt boosted their price objective on shares of Alphabet from $1,420.00 to $1,700.00 and gave the stock a “buy” rating in a report on Friday. Mizuho boosted their price objective on shares of Alphabet from $1,650.00 to $1,750.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, Citigroup boosted their price objective on shares of Alphabet from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Four research analysts have rated the stock with a hold rating and forty have assigned a buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,657.51.

Shares of Alphabet stock opened at $1,487.95 on Friday. The company has a current ratio of 3.66, a quick ratio of 3.64 and a debt-to-equity ratio of 0.08. The company’s fifty day simple moving average is $1,473.93 and its two-hundred day simple moving average is $1,375.65. The company has a market cap of $1,050.12 billion, a P/E ratio of 32.72, a PEG ratio of 2.35 and a beta of 1.06. Alphabet Inc has a 12-month low of $1,008.87 and a 12-month high of $1,587.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data 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. The business had revenue of $31.60 billion for the quarter, compared to the consensus estimate of $30.58 billion. Alphabet had a net margin of 18.99% and a return on equity of 15.77%. Analysts predict that Alphabet Inc will post 42.07 EPS 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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