Graybill Bartz & Assoc Ltd. Has $2.86 Million Position in Alphabet Inc Class A (GOOGL)

Graybill Bartz & Assoc Ltd. reduced its position in Alphabet Inc Class A (NASDAQ:GOOGL) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,535 shares of the information services provider’s stock after selling 66 shares during the period. Alphabet Inc Class A comprises about 2.2% of Graybill Bartz & Assoc Ltd.’s portfolio, making the stock its 24th biggest holding. Graybill Bartz & Assoc Ltd.’s holdings in Alphabet Inc Class A were worth $2,862,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hollencrest Capital Management raised its position in shares of Alphabet Inc Class A by 4.1% in the second quarter. Hollencrest Capital Management now owns 1,132 shares of the information services provider’s stock valued at $1,279,000 after buying an additional 45 shares during the last quarter. We Are One Seven LLC raised its position in shares of Alphabet Inc Class A by 5.1% in the first quarter. We Are One Seven LLC now owns 975 shares of the information services provider’s stock valued at $1,011,000 after buying an additional 47 shares during the last quarter. Budros Ruhlin & Roe Inc. raised its position in shares of Alphabet Inc Class A by 8.5% in the first quarter. Budros Ruhlin & Roe Inc. now owns 611 shares of the information services provider’s stock valued at $633,000 after buying an additional 48 shares during the last quarter. BDO Wealth Advisors LLC raised its position in shares of Alphabet Inc Class A by 4.9% in the first quarter. BDO Wealth Advisors LLC now owns 1,025 shares of the information services provider’s stock valued at $1,063,000 after buying an additional 48 shares during the last quarter. Finally, BSW Wealth Partners raised its position in shares of Alphabet Inc Class A by 10.7% in the first quarter. BSW Wealth Partners now owns 507 shares of the information services provider’s stock valued at $526,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 33.56% of the company’s stock.

Shares of NASDAQ:GOOGL opened at $1,194.06 on Thursday. The company has a market capitalization of $820.91 billion, a P/E ratio of 37.26, a PEG ratio of 1.50 and a beta of 1.10. Alphabet Inc Class A has a fifty-two week low of $941.95 and a fifty-two week high of $1,291.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.13 and a current ratio of 4.15.

Alphabet Inc Class A (NASDAQ:GOOGL) last issued its earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $9.51 by $2.24. The firm had revenue of $26.24 billion for the quarter, compared to analysts’ expectations of $25.64 billion. Alphabet Inc Class A had a net margin of 13.16% and a return on equity of 18.24%. During the same quarter last year, the company earned $5.01 earnings per share. analysts predict that Alphabet Inc Class A will post 42.46 earnings per share for the current fiscal year.

GOOGL has been the subject of a number of analyst reports. Credit Suisse Group reissued an “outperform” rating and issued a $1,375.00 price objective (up previously from $1,330.00) on shares of Alphabet Inc Class A in a report on Tuesday, July 24th. SunTrust Banks upped their price objective on shares of Alphabet Inc Class A to $1,370.00 and gave the company a “buy” rating in a report on Tuesday, July 24th. Royal Bank of Canada upped their price objective on shares of Alphabet Inc Class A to $1,400.00 and gave the company an “outperform” rating in a report on Tuesday, July 24th. Argus upped their price objective on shares of Alphabet Inc Class A to $1,450.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Finally, Macquarie reissued a “buy” rating and issued a $1,250.00 price objective on shares of Alphabet Inc Class A in a report on Monday, August 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-one have assigned a buy rating to the stock. Alphabet Inc Class A presently has a consensus rating of “Buy” and a consensus target price of $1,317.07.

About Alphabet Inc Class A

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet Inc Class A (NASDAQ:GOOGL)

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