St. Johns Investment Management Company LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 3.3% during the second quarter, Holdings Channel reports. The firm owned 2,597 shares of the company’s stock after selling 90 shares during the period. Alphabet makes up about 1.6% of St. Johns Investment Management Company LLC’s portfolio, making the stock its 14th largest position. St. Johns Investment Management Company LLC’s holdings in Alphabet were worth $1,827,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in GOOGL. SevenBridge Financial Group LLC bought a new position in Alphabet during the first quarter worth $120,000. Cacti Asset Management LLC bought a new position in Alphabet during the second quarter worth $162,000. Founders Capital Management LLC bought a new position in Alphabet during the second quarter worth $196,000. Wrapmanager Inc. bought a new position in Alphabet during the first quarter worth $220,000. Finally, Stewart & Patten Co. LLC raised its position in Alphabet by 10.6% in the second quarter. Stewart & Patten Co. LLC now owns 364 shares of the company’s stock worth $256,000 after buying an additional 35 shares during the period. 34.12% of the stock is currently owned by institutional investors.
Alphabet Inc. (NASDAQ:GOOGL) traded down 0.12% during midday trading on Friday, hitting $814.96. The stock had a trading volume of 1,411,673 shares. The firm has a 50 day moving average price of $800.33 and a 200 day moving average price of $755.57. The stock has a market cap of $560.10 billion, a PE ratio of 31.58 and a beta of 0.98. Alphabet Inc. has a one year low of $617.84 and a one year high of $819.06.
Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, topping analysts’ consensus estimates of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. Equities analysts expect that Alphabet Inc. will post $34.26 EPS for the current year.
Several equities analysts have recently commented on the company. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Alphabet in a research note on Saturday, June 4th. Robert W. Baird reaffirmed a “buy” rating on shares of Alphabet in a research note on Thursday, June 2nd. Citigroup Inc. reaffirmed a “buy” rating and issued a $900.00 price target on shares of Alphabet in a research note on Thursday, June 2nd. Evercore ISI reaffirmed a “buy” rating and issued a $830.00 price target (down previously from $950.00) on shares of Alphabet in a research note on Thursday, June 23rd. Finally, Vetr lowered Alphabet from a “strong-buy” rating to a “buy” rating and set a $815.96 price target on the stock. in a research note on Wednesday, June 15th. Two research analysts have rated the stock with a hold rating, forty-seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $925.42.
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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