Alphabet Inc (NASDAQ:GOOGL) Stake Reduced by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. lowered its holdings in Alphabet Inc (NASDAQ:GOOGL) by 7.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,630 shares of the information services provider’s stock after selling 11,072 shares during the quarter. Alphabet accounts for 2.0% of Candriam Luxembourg S.C.A.’s holdings, making the stock its 3rd largest holding. Candriam Luxembourg S.C.A.’s holdings in Alphabet were worth $159,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GOOGL. Creative Financial Designs Inc. ADV increased its holdings in Alphabet by 7.8% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 125 shares of the information services provider’s stock worth $140,000 after purchasing an additional 9 shares during the period. Copperwynd Financial LLC increased its holdings in Alphabet by 2.1% during the 2nd quarter. Copperwynd Financial LLC now owns 448 shares of the information services provider’s stock worth $485,000 after purchasing an additional 9 shares during the period. Pensionmark Financial Group LLC boosted its position in shares of Alphabet by 4.5% during the 2nd quarter. Pensionmark Financial Group LLC now owns 210 shares of the information services provider’s stock worth $251,000 after acquiring an additional 9 shares in the last quarter. Cypress Capital Group boosted its position in shares of Alphabet by 1.0% during the 3rd quarter. Cypress Capital Group now owns 874 shares of the information services provider’s stock worth $1,067,000 after acquiring an additional 9 shares in the last quarter. Finally, Thomasville National Bank boosted its position in shares of Alphabet by 5.0% during the 2nd quarter. Thomasville National Bank now owns 212 shares of the information services provider’s stock worth $230,000 after acquiring an additional 10 shares in the last quarter. Institutional investors own 33.53% of the company’s stock.

Shares of NASDAQ GOOGL traded up $2.78 during trading hours on Monday, reaching $1,247.19. The stock had a trading volume of 10,210 shares, compared to its average volume of 1,255,763. The firm has a market cap of $862.87 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.48 and a beta of 0.99. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07. Alphabet Inc has a fifty-two week low of $977.66 and a fifty-two week high of $1,296.97. The firm has a 50-day moving average of $1,216.08 and a 200-day moving average of $1,175.85.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $11.49 by $2.72. The firm had revenue of $31.71 billion during the quarter, compared to the consensus estimate of $30.90 billion. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. On average, equities analysts predict that Alphabet Inc will post 51.22 EPS for the current year.

GOOGL has been the subject of several analyst reports. Cowen set a $1,500.00 price objective on Alphabet and gave the stock a “buy” rating in a research report on Friday, July 26th. Susquehanna Bancshares upped their price objective on Alphabet to $1,550.00 in a research report on Friday, July 26th. KeyCorp reaffirmed an “overweight” rating and set a $1,516.00 price objective (up from $1,430.00) on shares of Alphabet in a research report on Friday, July 26th. BMO Capital Markets upped their price objective on Alphabet to $1,225.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Finally, Bank of America set a $1,450.00 price objective on Alphabet and gave the stock a “buy” rating in a research report on Friday, September 6th. Eight analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. Alphabet currently has an average rating of “Buy” and a consensus target price of $1,375.78.

About Alphabet

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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