Oakwood Capital Management LLC CA cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,328 shares of the information services provider’s stock after selling 434 shares during the quarter. Alphabet accounts for about 2.4% of Oakwood Capital Management LLC CA’s portfolio, making the stock its 9th biggest holding. Oakwood Capital Management LLC CA’s holdings in Alphabet were worth $9,602,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new position in Alphabet during the second quarter valued at approximately $102,000. Franklin Parlapiano Turner & Welch LLC acquired a new position in Alphabet during the first quarter valued at approximately $108,000. Delta Asset Management LLC TN boosted its position in Alphabet by 1.5% during the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after purchasing an additional 2 shares during the last quarter. Farmers National Bank boosted its position in Alphabet by 2.7% during the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 4 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. boosted its position in Alphabet by 58.3% during the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 33.85% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOGL) opened at 1005.65 on Friday. Alphabet Inc. has a one year low of $743.59 and a one year high of $1,011.54. The firm’s 50-day moving average price is $954.98 and its 200 day moving average price is $941.42. The firm has a market capitalization of $696.79 billion, a P/E ratio of 36.45 and a beta of 0.96.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.25 by ($3.24). The company had revenue of $20.92 billion during the quarter, compared to analysts’ expectations of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same period in the prior year, the business posted $8.42 EPS. On average, equities analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.
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GOOGL has been the subject of several recent research reports. Societe Generale set a $1,210.00 price target on Alphabet and gave the company a “buy” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. Vetr cut Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,030.26 price target for the company. in a research report on Wednesday, July 5th. Jefferies Group LLC reissued a “buy” rating and set a $1,200.00 price target on shares of Alphabet in a research report on Tuesday, July 4th. Aegis reissued a “buy” rating and set a $1,090.00 price target on shares of Alphabet in a research report on Monday, July 3rd. Finally, MKM Partners reissued a “buy” rating and set a $1,170.00 price target on shares of Alphabet in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $1,058.31.
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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