Sciencast Management LP Has $708,000 Stake in Alphabet Inc. (NASDAQ:GOOGL)

Sciencast Management LP decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 87.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 315 shares of the information services provider’s stock after selling 2,225 shares during the quarter. Sciencast Management LP’s holdings in Alphabet were worth $708,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. Wealth Management Partners LLC bought a new position in shares of Alphabet during the 4th quarter worth about $267,000. Parisi Gray Wealth Management lifted its stake in Alphabet by 1.5% during the fourth quarter. Parisi Gray Wealth Management now owns 1,778 shares of the information services provider’s stock worth $3,116,000 after purchasing an additional 26 shares during the period. FWL Investment Management LLC acquired a new stake in Alphabet during the fourth quarter valued at approximately $230,000. Schnieders Capital Management LLC grew its stake in shares of Alphabet by 0.3% in the 4th quarter. Schnieders Capital Management LLC now owns 4,108 shares of the information services provider’s stock valued at $7,200,000 after purchasing an additional 14 shares during the period. Finally, Sage Mountain Advisors LLC acquired a new position in shares of Alphabet in the 4th quarter worth approximately $449,000. Institutional investors and hedge funds own 34.46% of the company’s stock.

Shares of NASDAQ:GOOGL opened at $2,435.13 on Friday. The firm has a 50 day moving average price of $2,307.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.10 and a quick ratio of 3.09. The company has a market capitalization of $1.63 trillion, a P/E ratio of 32.42, a PEG ratio of 1.48 and a beta of 1.01. Alphabet Inc. has a 52 week low of $1,351.65 and a 52 week high of $2,436.00.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, April 26th. The information services provider reported $26.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $15.82 by $10.47. The company had revenue of $45.60 billion during the quarter, compared to analyst estimates of $42.46 billion. Alphabet had a net margin of 26.11% and a return on equity of 23.54%. During the same quarter in the previous year, the business earned $9.87 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 89.46 earnings per share for the current year.

A number of analysts have weighed in on GOOGL shares. Jefferies Financial Group upped their price target on Alphabet from $2,700.00 to $2,850.00 and gave the company a “buy” rating in a research report on Wednesday, April 28th. Credit Suisse Group increased their target price on shares of Alphabet from $2,360.00 to $2,500.00 and gave the stock an “outperform” rating in a research report on Friday, April 23rd. Wedbush boosted their price target on shares of Alphabet from $2,953.00 to $3,127.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. Monness Crespi & Hardt raised their price objective on shares of Alphabet from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. Finally, Barclays boosted their target price on Alphabet from $2,500.00 to $3,000.00 and gave the stock an “overweight” rating in a report on Wednesday, April 28th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $2,516.55.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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