Shares of Alphabet Inc (NASDAQ:GOOGL) opened at $1,187.56 on Monday. About 2.11M shares traded or 42.89% up from the average.
State of Tennessee Treasury Department cut its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Burt Wealth Advisors now owns 136 shares of the information services provider's stock valued at $123,000 after acquiring an additional 20 shares during the last quarter. Almanack Investment Partners LLC. grew its holdings in shares of Alphabet by 4.5% during the second quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider's stock valued at $800,000 after purchasing an additional 742,602 shares during the period. Cambridge Trust Co.'s holdings in Alphabet were worth $11,464,000 as of its most recent filing with the Securities & Exchange Commission. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider's stock worth $156,000 after buying an additional 157 shares in the last quarter.
In related news, VP James Grier Campbell sold 183 shares of Alphabet stock in a transaction that occurred on Wednesday, November 1st. Capital Advantage Inc. now owns 273 shares of the information services provider's stock valued at $248,000 after purchasing an additional 1 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in Alphabet by 71,762.1% in the fourth quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider's stock valued at $234,000 after purchasing an additional 3 shares in the last quarter.
A number of equities analysts have recently commented on the stock. Finally, Robert W. Baird reiterated a "buy" rating and set a $1,150.00 price objective on shares of Alphabet in a research note on Tuesday, January 2nd.
The company has just set a target price of $1215 on Alphabet (NASDAQ:GOOGL) shares. Finally, Barclays reiterated a "buy" rating and issued a $1,260.00 target price on shares of Alphabet in a research note on Friday, October 27th. (NASDAQ:GOOGL) rating on Tuesday, July 25. Alphabet Inc. (NASDAQ:GOOGL) has risen 33.46% since January 29, 2017 and is uptrending. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Alphabet has a consensus rating of "Buy" and a consensus target price of $1,104.83. (NASDAQ:GOOGL) earned "Buy" rating by Canaccord Genuity on Thursday, December 1. Google has $1350.0 highest and $670 lowest target. The company has a market capitalization of $821,020.00, a PE ratio of 39.56, a price-to-earnings-growth ratio of 1.54 and a beta of 0.90. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Societe Generale reaffirmed a "buy" rating on shares of Alphabet in a research report on Friday, October 27th. The information services provider reported $5.01 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $8.25 by $3.24. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The business had revenue of $20.92 billion for the quarter, compared to analysts' expectations of $20.83 billion. During the same quarter in the previous year, the company earned $9.06 EPS.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of U.S. & worldwide copyright and trademark legislation. The original version of this news story can be read at https://registrarjournal.com/2018/01/29/davidson-garrard-inc-has-4-59-million-holdings-in-alphabet-inc-googl.html. The stock of Alphabet Inc. 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.