Saturna Capital CORP cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,245 shares of the company’s stock after selling 100 shares during the period. Alphabet accounts for about 1.3% of Saturna Capital CORP’s portfolio, making the stock its 29th largest position. Saturna Capital CORP’s holdings in Alphabet were worth $41,681,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Jackson Grant Investment Advisers Inc. increased its position in shares of Alphabet by 144.9% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 169 shares of the company’s stock worth $119,000 after buying an additional 100 shares in the last quarter. SevenBridge Financial Group LLC purchased a new position in shares of Alphabet during the first quarter worth about $120,000. Dividend Assets Capital LLC purchased a new position in shares of Alphabet during the second quarter worth about $120,000. Peoples Financial Services CORP. increased its position in shares of Alphabet by 2.3% in the second quarter. Peoples Financial Services CORP. now owns 221 shares of the company’s stock worth $155,000 after buying an additional 5 shares in the last quarter. Finally, Cacti Asset Management LLC purchased a new position in shares of Alphabet during the second quarter worth about $162,000. 34.12% of the stock is owned by institutional investors and hedge funds.
Shares of Alphabet Inc. (NASDAQ:GOOGL) traded down 0.30% on Friday, hitting $800.71. The stock had a trading volume of 1,163,899 shares. Alphabet Inc. has a 52 week low of $667.24 and a 52 week high of $819.06. The firm has a 50 day moving average price of $799.75 and a 200-day moving average price of $759.77. The company has a market cap of $550.31 billion, a price-to-earnings ratio of 31.02 and a beta of 1.00.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, July 28th. The company reported $8.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. Analysts anticipate that Alphabet Inc. will post $34.11 EPS for the current year.
GOOGL has been the topic of a number of research analyst reports. Pacific Crest reissued a “buy” rating on shares of Alphabet in a report on Wednesday, June 22nd. Evercore ISI reissued a “buy” rating and set a $830.00 price objective (down previously from $950.00) on shares of Alphabet in a report on Thursday, June 23rd. Citigroup Inc. reissued a “buy” rating and set a $900.00 price objective on shares of Alphabet in a report on Friday, June 17th. Vetr cut shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $815.96 price objective on the stock. in a report on Wednesday, June 15th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating on shares of Alphabet in a report on Monday, June 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, forty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $926.06.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
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