Integrated Investment Consultants LLC Has $1,190,000 Position in Alphabet Inc. (GOOGL)
Integrated Investment Consultants LLC held its position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,280 shares of the information services provider’s stock at the close of the second quarter. Integrated Investment Consultants LLC’s holdings in Alphabet were worth $1,190,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. Forte Capital LLC ADV grew its position in Alphabet by 2.9% during the 2nd quarter. Forte Capital LLC ADV now owns 3,428 shares of the information services provider’s stock worth $3,187,000 after acquiring an additional 97 shares during the last quarter. National Pension Service increased its stake in Alphabet by 9.7% in the 2nd quarter. National Pension Service now owns 221,022 shares of the information services provider’s stock worth $207,279,000 after purchasing an additional 19,497 shares during the period. State of Alaska Department of Revenue purchased a new position in Alphabet in the 2nd quarter worth approximately $102,000. Peak Capital Management LLC purchased a new position in Alphabet in the 2nd quarter worth approximately $517,000. Finally, Trust Co. of Toledo NA OH increased its stake in Alphabet by 14.3% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 2,804 shares of the information services provider’s stock worth $2,607,000 after purchasing an additional 350 shares during the period. 33.85% of the stock is currently owned by institutional investors.
Alphabet Inc. (NASDAQ:GOOGL) traded down 0.30% during trading on Wednesday, hitting $969.17. 423,649 shares of the company’s stock were exchanged. Alphabet Inc. has a 12-month low of $743.59 and a 12-month high of $1,008.61. The company’s 50-day moving average price is $943.64 and its 200 day moving average price is $935.54. The firm has a market cap of $671.52 billion, a price-to-earnings ratio of 35.12 and a beta of 0.96.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by ($3.24). The company had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same period last year, the firm earned $8.42 EPS. Equities analysts forecast that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.
GOOGL has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Citigroup Inc. upped their price objective on shares of Alphabet from $1,135.00 to $1,180.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. UBS AG reiterated a “buy” rating and set a $1,080.00 target price (up from $1,050.00) on shares of Alphabet in a report on Tuesday, July 25th. Barclays PLC reiterated an “overweight” rating and set a $1,060.00 target price (down from $1,065.00) on shares of Alphabet in a report on Tuesday, July 25th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-one have issued a buy rating and two have assigned a strong buy rating to the company. Alphabet presently has an average rating of “Buy” and an average price target of $1,056.14.
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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