Alphabet Inc (NASDAQ:GOOGL) Shares Sold by M&R Capital Management Inc.

M&R Capital Management Inc. trimmed its position in Alphabet Inc (NASDAQ:GOOGL) by 0.5% in the third quarter, Holdings Channel reports. The firm owned 7,922 shares of the information services provider’s stock after selling 41 shares during the quarter. Alphabet accounts for 2.9% of M&R Capital Management Inc.’s holdings, making the stock its 7th biggest holding. M&R Capital Management Inc.’s holdings in Alphabet were worth $11,610,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GOOGL. Scharf Investments LLC boosted its stake in Alphabet by 2.7% in the second quarter. Scharf Investments LLC now owns 268 shares of the information services provider’s stock valued at $380,000 after acquiring an additional 7 shares during the period. Cedar Mountain Advisors LLC boosted its stake in Alphabet by 26.9% in the second quarter. Cedar Mountain Advisors LLC now owns 33 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 7 shares during the period. CVA Family Office LLC boosted its stake in Alphabet by 11.7% in the second quarter. CVA Family Office LLC now owns 67 shares of the information services provider’s stock valued at $95,000 after acquiring an additional 7 shares during the period. AFT Forsyth AND Company Inc. boosted its stake in Alphabet by 0.8% in the second quarter. AFT Forsyth AND Company Inc. now owns 911 shares of the information services provider’s stock valued at $1,292,000 after acquiring an additional 7 shares during the period. Finally, Guardian Capital Advisors LP boosted its stake in Alphabet by 0.5% in the second quarter. Guardian Capital Advisors LP now owns 1,381 shares of the information services provider’s stock valued at $1,533,000 after acquiring an additional 7 shares during the period. Institutional investors and hedge funds own 33.78% of the company’s stock.

Shares of Alphabet stock traded up $22.30 on Thursday, hitting $1,487.90. 1,642,956 shares of the company traded hands, compared to its average volume of 2,117,709. The company has a 50-day moving average price of $1,535.65 and a 200 day moving average price of $1,403.25. The company has a quick ratio of 3.40, a current ratio of 3.41 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 12-month low of $1,008.87 and a 12-month high of $1,726.10. The company has a market cap of $1,012.02 billion, a PE ratio of 32.62, a PEG ratio of 2.07 and a beta of 1.07.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, July 30th. The information services provider reported $10.13 EPS for the quarter, beating the consensus estimate of $8.43 by $1.70. Alphabet had a net margin of 18.99% and a return on equity of 15.62%. The business had revenue of $31.60 billion for the quarter, compared to analysts’ expectations of $30.58 billion. Equities research analysts anticipate that Alphabet Inc will post 44.74 EPS for the current year.

A number of brokerages have commented on GOOGL. Canaccord Genuity lifted their target price on Alphabet from $1,700.00 to $1,800.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $1,800.00 price target on shares of Alphabet in a report on Friday, July 31st. Zacks Investment Research raised Alphabet from a “sell” rating to a “hold” rating and set a $1,616.00 price target on the stock in a report on Monday, July 13th. SunTrust Banks lifted their price target on Alphabet from $1,805.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Pivotal Research lifted their price target on Alphabet from $1,575.00 to $1,725.00 and gave the company a “buy” rating in a report on Friday, July 31st. Four analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $1,671.57.

Alphabet 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.

Featured Article: Market Capitalization and Individual Investors

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOGL).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.