SG Americas Securities LLC lessened its position in Alphabet Inc (NASDAQ:GOOGL) by 82.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,649 shares of the information services provider’s stock after selling 77,808 shares during the quarter. SG Americas Securities LLC’s holdings in Alphabet were worth $20,331,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Garrett Wealth Advisory Group LLC acquired a new position in shares of Alphabet during the 3rd quarter worth $39,000. Litman Gregory Asset Management LLC acquired a new position in shares of Alphabet during the 2nd quarter worth $37,000. Lipe & Dalton acquired a new position in shares of Alphabet during the 2nd quarter worth $49,000. Johnson Financial Group Inc. grew its stake in Alphabet by 26.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 48 shares of the information services provider’s stock valued at $52,000 after buying an additional 10 shares during the last quarter. Finally, Vista Private Wealth Partners. LLC acquired a new position in Alphabet in the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 33.56% of the company’s stock.

A number of research firms recently issued reports on GOOGL. Cowen set a $1,500.00 target price on shares of Alphabet and gave the company a “buy” rating in a research note on Friday, July 26th. FBN Securities set a $1,400.00 target price on shares of Alphabet and gave the company a “buy” rating in a research note on Friday, July 26th. KeyCorp raised their target price on shares of Alphabet from $1,516.00 to $1,546.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Mizuho raised their target price on shares of Alphabet from $1,350.00 to $1,400.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group raised their target price on shares of Alphabet from $1,500.00 to $1,550.00 in a research note on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Alphabet currently has a consensus rating of “Buy” and an average price target of $1,406.25.

Shares of NASDAQ:GOOGL traded up $2.06 during midday trading on Friday, reaching $1,309.00. 1,519,600 shares of the company’s stock were exchanged, compared to its average volume of 1,555,468. The company’s 50 day simple moving average is $1,240.01 and its two-hundred day simple moving average is $1,181.01. The firm has a market capitalization of $895.48 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01. Alphabet Inc has a 12 month low of $977.66 and a 12 month high of $1,322.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing analysts’ consensus estimates of $12.42 by ($2.30). The business had revenue of $33.01 billion for the quarter, compared to the consensus estimate of $32.84 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. During the same period in the previous year, the business posted $13.06 earnings per share. On average, research analysts anticipate that Alphabet Inc will post 49.05 earnings per share for the current year.

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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