Alphabet Inc (GOOGL) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 61,902 shares of the information services provider’s stock after selling 1,017 shares during the quarter. Alphabet comprises 0.6% of Janney Montgomery Scott LLC’s portfolio, making the stock its 27th largest position. Janney Montgomery Scott LLC’s holdings in Alphabet were worth $64,685,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GOOGL. Vestor Capital LLC acquired a new stake in shares of Alphabet in the third quarter worth $62,000. Lavaca Capital LLC acquired a new stake in Alphabet during the 4th quarter valued at $97,000. Sound Income Strategies LLC grew its holdings in Alphabet by 71.4% during the 4th quarter. Sound Income Strategies LLC now owns 96 shares of the information services provider’s stock valued at $100,000 after purchasing an additional 40 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in Alphabet during the 4th quarter valued at $103,000. Finally, Matthew Goff Investment Advisor LLC acquired a new stake in Alphabet during the 3rd quarter valued at $107,000. 34.12% of the stock is owned by hedge funds and other institutional investors.

Alphabet stock opened at $1,144.66 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.93 and a current ratio of 3.96. Alphabet Inc has a 1 year low of $977.66 and a 1 year high of $1,296.97. The stock has a market capitalization of $811.42 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 1.38 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $10.56 by $1.34. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. The company had revenue of $29.48 billion for the quarter, compared to the consensus estimate of $29.99 billion. During the same period last year, the firm posted $13.33 EPS. On average, research analysts expect that Alphabet Inc will post 48.44 earnings per share for the current year.

A number of equities research analysts recently weighed in on the stock. Nomura lowered their price target on shares of Alphabet from $1,310.00 to $1,300.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Stifel Nicolaus lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price target for the company. in a report on Tuesday, April 30th. JMP Securities reaffirmed an “outperform” rating and set a $1,375.00 price target (up from $1,300.00) on shares of Alphabet in a report on Tuesday, April 30th. Morgan Stanley lowered their price target on shares of Alphabet from $1,500.00 to $1,425.00 and set an “overweight” rating for the company in a report on Tuesday, April 30th. They noted that the move was a valuation call. Finally, BMO Capital Markets raised their price target on shares of Alphabet from $1,100.00 to $1,200.00 and gave the company a “market perform” rating in a report on Thursday, April 25th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Alphabet presently has a consensus rating of “Buy” and an average price target of $1,328.88.

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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.

Further Reading: Google Finance

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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