JW Asset Management LLC Holds Position in Alphabet Inc. (GOOGL)
JW Asset Management LLC maintained its position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,000 shares of the information services provider’s stock at the end of the second quarter. Alphabet makes up approximately 8.9% of JW Asset Management LLC’s portfolio, making the stock its 4th biggest position. JW Asset Management LLC’s holdings in Alphabet were worth $13,945,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in shares of Alphabet in the second quarter worth about $102,000. Franklin Parlapiano Turner & Welch LLC bought a new position in shares of Alphabet in the first quarter worth about $108,000. Parkside Financial Bank & Trust increased its stake in shares of Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after purchasing an additional 36 shares during the period. Lloyds Banking Group plc bought a new position in shares of Alphabet in the second quarter worth about $133,000. Finally, Farmers National Bank increased its stake in shares of Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after purchasing an additional 4 shares during the period. Institutional investors own 33.68% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOGL) opened at $1,051.92 on Thursday. Alphabet Inc. has a fifty-two week low of $753.36 and a fifty-two week high of $1,063.62. The company has a market cap of $729,749.56, a P/E ratio of 35.16, a PEG ratio of 1.76 and a beta of 0.91. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.
Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. During the same period last year, the firm earned $9.06 earnings per share. research analysts predict that Alphabet Inc. will post 32.34 EPS for the current fiscal year.
GOOGL has been the topic of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) lifted their price objective on Alphabet from $1,125.00 to $1,175.00 in a research note on Friday, October 27th. Monness Crespi & Hardt reiterated a “buy” rating on shares of Alphabet in a research note on Saturday, August 26th. MKM Partners reiterated a “buy” rating and issued a $1,210.00 price objective (up from $1,170.00) on shares of Alphabet in a research note on Thursday, August 10th. SunTrust Banks, Inc. assumed coverage on Alphabet in a research report on Tuesday, August 15th. They set a “buy” rating and a $1,100.00 target price on the stock. Finally, Mizuho reissued a “buy” rating and set a $1,220.00 target price on shares of Alphabet in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $1,088.53.
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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