Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Capital Management Corp VA

Capital Management Corp VA lessened its position in Alphabet Inc. (NASDAQ:GOOGL) by 9.6% in the 3rd quarter, Holdings Channel reports. The fund owned 2,362 shares of the information services provider’s stock after selling 252 shares during the period. Capital Management Corp VA’s holdings in Alphabet were worth $3,462,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in GOOGL. Lido Advisors LLC increased its position in shares of Alphabet by 4.1% during the second quarter. Lido Advisors LLC now owns 10,045 shares of the information services provider’s stock worth $14,245,000 after acquiring an additional 395 shares during the period. AE Wealth Management LLC lifted its holdings in Alphabet by 78.3% in the second quarter. AE Wealth Management LLC now owns 12,543 shares of the information services provider’s stock worth $17,786,000 after purchasing an additional 5,507 shares during the period. Cardinal Capital Management lifted its holdings in Alphabet by 0.5% in the third quarter. Cardinal Capital Management now owns 3,499 shares of the information services provider’s stock worth $5,128,000 after purchasing an additional 19 shares during the period. First National Bank Sioux Falls lifted its holdings in Alphabet by 7.2% in the third quarter. First National Bank Sioux Falls now owns 178 shares of the information services provider’s stock worth $261,000 after purchasing an additional 12 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Alphabet by 6.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 124,261 shares of the information services provider’s stock worth $176,209,000 after purchasing an additional 7,092 shares during the period. Institutional investors own 33.78% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Credit Suisse Group upped their price objective on shares of Alphabet from $1,850.00 to $1,950.00 and gave the stock an “outperform” rating in a report on Friday. Mizuho upped their price target on shares of Alphabet from $1,650.00 to $1,750.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. MKM Partners upped their price target on shares of Alphabet from $1,500.00 to $1,700.00 in a report on Monday, July 27th. Canaccord Genuity upped their price target on shares of Alphabet from $1,700.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Monness Crespi & Hardt upped their price target on shares of Alphabet from $1,700.00 to $2,000.00 and gave the company a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and forty-two have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $1,701.39.

NASDAQ:GOOGL opened at $1,665.32 on Friday. The stock’s 50 day moving average price is $1,510.59 and its 200 day moving average price is $1,461.90. Alphabet Inc. has a 52 week low of $1,008.87 and a 52 week high of $1,726.10. The company has a market capitalization of $1,058.93 billion, a P/E ratio of 34.24, a P/E/G ratio of 2.09 and a beta of 1.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.40 and a current ratio of 3.41.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, October 29th. The information services provider reported $16.40 EPS for the quarter, topping analysts’ consensus estimates of $11.35 by $5.05. Alphabet had a return on equity of 15.62% and a net margin of 18.99%. As a group, sell-side analysts forecast that Alphabet Inc. will post 44.93 earnings per share for the current fiscal year.

About Alphabet

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

Read More: Swap

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.