Boys Arnold & Co. Inc. Has $4.78 Million Position in Alphabet Inc (GOOGL)

Boys Arnold & Co. Inc. trimmed its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 12.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,905 shares of the information services provider’s stock after selling 687 shares during the period. Boys Arnold & Co. Inc.’s holdings in Alphabet were worth $4,776,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new position in Alphabet during the 2nd quarter valued at about $102,000. Parkside Financial Bank & Trust grew its stake in Alphabet by 39.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after acquiring an additional 36 shares in the last quarter. Odey Holdings AG grew its stake in Alphabet by 18.2% in the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after acquiring an additional 20 shares in the last quarter. Farmers National Bank grew its stake in Alphabet by 2.7% in the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after acquiring an additional 4 shares in the last quarter. Finally, Lloyds Banking Group plc bought a new position in Alphabet in the 2nd quarter worth about $133,000. Institutional investors own 33.55% of the company’s stock.

Shares of Alphabet Inc (GOOGL) opened at $1,073.21 on Wednesday. Alphabet Inc has a 52-week low of $796.89 and a 52-week high of $1,086.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The company has a market cap of $743,180.00, a P/E ratio of 35.75, a P/E/G ratio of 1.77 and a beta of 0.90.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Zacks’ consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. During the same quarter in the prior year, the company posted $9.06 earnings per share. equities analysts forecast that Alphabet Inc will post 32.34 EPS for the current fiscal year.

A number of equities analysts have commented on GOOGL shares. SunTrust Banks restated a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Thursday, September 7th. UBS Group restated a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a research note on Friday, September 8th. Robert W. Baird restated a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Monday, September 11th. Vetr upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,046.78 target price on the stock in a research note on Monday, September 18th. Finally, Citigroup restated a “buy” rating and issued a $1,180.00 target price on shares of Alphabet in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and a consensus price target of $1,091.54.

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Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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