Alphabet Inc (GOOGL) Shares Sold by Addison Capital Co

Addison Capital Co cut its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,769 shares of the information services provider’s stock after selling 171 shares during the period. Alphabet comprises approximately 2.6% of Addison Capital Co’s investment portfolio, making the stock its 8th largest holding. Addison Capital Co’s holdings in Alphabet were worth $2,893,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of GOOGL. Capital Insight Partners LLC grew its holdings in Alphabet by 0.4% during the 4th quarter. Capital Insight Partners LLC now owns 2,554 shares of the information services provider’s stock valued at $2,669,000 after buying an additional 10 shares in the last quarter. Anderson Hoagland & Co. grew its holdings in Alphabet by 0.7% during the 4th quarter. Anderson Hoagland & Co. now owns 1,529 shares of the information services provider’s stock valued at $1,565,000 after buying an additional 11 shares in the last quarter. HT Partners LLC grew its holdings in Alphabet by 4.0% during the 4th quarter. HT Partners LLC now owns 365 shares of the information services provider’s stock valued at $381,000 after buying an additional 14 shares in the last quarter. Beech Hill Advisors Inc. grew its holdings in Alphabet by 0.3% during the 4th quarter. Beech Hill Advisors Inc. now owns 5,695 shares of the information services provider’s stock valued at $5,951,000 after buying an additional 15 shares in the last quarter. Finally, RPG Investment Advisory LLC grew its holdings in Alphabet by 3.8% during the 4th quarter. RPG Investment Advisory LLC now owns 441 shares of the information services provider’s stock valued at $461,000 after buying an additional 16 shares in the last quarter. Institutional investors and hedge funds own 34.02% of the company’s stock.

NASDAQ GOOGL traded up $10.08 during trading hours on Friday, reaching $1,277.42. The company’s stock had a trading volume of 1,266,566 shares, compared to its average volume of 1,534,350. The stock has a market capitalization of $881.66 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 1.50 and a beta of 1.05. Alphabet Inc has a 1-year low of $977.66 and a 1-year high of $1,291.44. The company has a current ratio of 3.92, a quick ratio of 3.89 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share for the quarter, topping analysts’ consensus estimates of $11.08 by $1.69. The company had revenue of $31.84 billion during the quarter, compared to analysts’ expectations of $31.28 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. During the same quarter in the prior year, the firm posted $9.70 EPS. Equities analysts predict that Alphabet Inc will post 47.31 EPS for the current fiscal year.

GOOGL has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on Alphabet from $1,100.00 to $1,200.00 and gave the company a “market perform” rating in a research report on Thursday. They noted that the move was a valuation call. ValuEngine upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Needham & Company LLC initiated coverage on Alphabet in a report on Monday, March 4th. They issued a “buy” rating and a $1,153.42 price target on the stock. Wells Fargo & Co set a $1,300.00 price target on Alphabet and gave the company a “buy” rating in a report on Tuesday, February 5th. Finally, William Blair reiterated an “outperform” rating on shares of Alphabet in a report on Tuesday, February 5th. Two analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $1,333.36.

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Alphabet Profile

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.

See Also: Beta

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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