Montag A & Associates Inc. decreased its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,878 shares of the information services provider’s stock after selling 83 shares during the quarter. Montag A & Associates Inc.’s holdings in Alphabet were worth $6,830,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of GOOGL. Bank OZK increased its stake in Alphabet by 2.7% during the 4th quarter. Bank OZK now owns 1,642 shares of the information services provider’s stock worth $2,199,000 after buying an additional 43 shares during the period. Mirador Capital Partners LP increased its stake in Alphabet by 2.0% during the 4th quarter. Mirador Capital Partners LP now owns 2,840 shares of the information services provider’s stock worth $3,804,000 after buying an additional 56 shares during the period. Clear Creek Financial Management LLC increased its stake in Alphabet by 31.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 218 shares of the information services provider’s stock worth $311,000 after buying an additional 52 shares during the period. Altium Wealth Management LLC increased its stake in Alphabet by 6.0% during the 4th quarter. Altium Wealth Management LLC now owns 2,250 shares of the information services provider’s stock worth $3,014,000 after buying an additional 127 shares during the period. Finally, GPM Growth Investors Inc. purchased a new stake in Alphabet during the 4th quarter worth $5,131,000. Institutional investors and hedge funds own 35.07% of the company’s stock.

Alphabet stock opened at $1,373.06 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.64 and a current ratio of 3.66. The firm has a market cap of $937.28 billion, a PE ratio of 27.71, a P/E/G ratio of 2.08 and a beta of 1.06. Alphabet Inc has a twelve month low of $1,008.87 and a twelve month high of $1,530.74. The firm’s 50 day moving average price is $1,245.96 and its two-hundred day moving average price is $1,326.15.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, April 28th. The information services provider reported $9.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $11.16 by ($1.29). The business had revenue of $33.71 billion during the quarter, compared to the consensus estimate of $32.59 billion. Alphabet had a return on equity of 17.43% and a net margin of 20.71%. During the same period in the prior year, the firm earned $9.50 earnings per share. Equities analysts anticipate that Alphabet Inc will post 41.47 EPS for the current fiscal year.

Several research firms recently issued reports on GOOGL. Oppenheimer reaffirmed a “buy” rating and set a $1,445.00 price target on shares of Alphabet in a research note on Wednesday, April 29th. Tigress Financial reissued a “buy” rating on shares of Alphabet in a research report on Monday, March 23rd. Atlantic Securities reissued a “buy” rating and issued a $1,500.00 target price on shares of Alphabet in a research report on Wednesday, April 29th. BMO Capital Markets reissued an “outperform” rating and issued a $1,550.00 target price (up previously from $1,400.00) on shares of Alphabet in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus boosted their target price on shares of Alphabet from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Four research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and an average price target of $1,505.34.

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.

See Also: Ex-Dividend

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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