Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Colonial Trust Advisors

Share on StockTwits

Colonial Trust Advisors cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,940 shares of the information services provider’s stock after selling 8 shares during the period. Alphabet comprises approximately 1.4% of Colonial Trust Advisors’ holdings, making the stock its 19th biggest position. Colonial Trust Advisors’ holdings in Alphabet were worth $8,706,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Naples Global Advisors LLC boosted its holdings in shares of Alphabet by 2.5% in the 3rd quarter. Naples Global Advisors LLC now owns 782 shares of the information services provider’s stock valued at $1,146,000 after buying an additional 19 shares during the period. CenterStar Asset Management LLC lifted its position in Alphabet by 95.3% in the 3rd quarter. CenterStar Asset Management LLC now owns 418 shares of the information services provider’s stock valued at $613,000 after purchasing an additional 204 shares during the last quarter. ProVise Management Group LLC lifted its position in Alphabet by 1.2% in the 3rd quarter. ProVise Management Group LLC now owns 4,899 shares of the information services provider’s stock valued at $7,180,000 after purchasing an additional 56 shares during the last quarter. Traynor Capital Management Inc. lifted its position in Alphabet by 1.7% in the 3rd quarter. Traynor Capital Management Inc. now owns 14,998 shares of the information services provider’s stock valued at $21,981,000 after purchasing an additional 255 shares during the last quarter. Finally, Bristol John W & Co. Inc. NY lifted its position in Alphabet by 0.8% in the 3rd quarter. Bristol John W & Co. Inc. NY now owns 42,107 shares of the information services provider’s stock valued at $61,712,000 after purchasing an additional 315 shares during the last quarter. 33.78% of the stock is owned by institutional investors and hedge funds.

Shares of GOOGL opened at $1,556.88 on Friday. The company’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 PE ratio of 34.24, a PEG 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 announced its quarterly earnings data on Thursday, October 29th. The information services provider reported $16.40 EPS for the quarter, beating the Zacks’ consensus estimate of $11.35 by $5.05. Alphabet had a net margin of 18.99% and a return on equity of 15.62%. On average, equities analysts forecast that Alphabet Inc. will post 44.93 earnings per share for the current fiscal year.

Several brokerages recently weighed in on GOOGL. Barclays lifted their price objective on shares of Alphabet from $1,600.00 to $1,800.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Jefferies Financial Group lifted their price objective on shares of Alphabet from $1,800.00 to $1,850.00 and gave the company a “buy” rating in a research report on Tuesday, October 20th. Royal Bank of Canada lifted their price objective on shares of Alphabet from $1,500.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Stifel Nicolaus downgraded shares of Alphabet from a “buy” rating to a “hold” rating and lifted their price objective for the company from $1,550.00 to $1,600.00 in a research report on Friday, July 31st. Finally, 140166 boosted their price target on shares of Alphabet from $1,550.00 to $1,850.00 and gave the stock a “positive” rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a hold rating and forty-two have given a buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and an average price target of $1,685.59.

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. 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.

See Also: QQQ ETF

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.



Latest News

Critical Contrast: Myers Industries  and Newell Brands
Critical Contrast: Myers Industries and Newell Brands
Head to Head Comparison: UniMark Group  & Landec
Head to Head Comparison: UniMark Group & Landec
Critical Analysis: Point to Point Methodics  versus RADCOM
Critical Analysis: Point to Point Methodics versus RADCOM
Head-To-Head Review: GAINSCO  and Palomar
Head-To-Head Review: GAINSCO and Palomar
Head-To-Head Analysis: SAExploration  & Pgs Asa
Head-To-Head Analysis: SAExploration & Pgs Asa
Crawford United  and Its Rivals Head-To-Head Contrast
Crawford United and Its Rivals Head-To-Head Contrast


 
© 2006-2020 Zolmax.