Texas Yale Capital Corp. Has $3.19 Million Stake in Alphabet Inc (NASDAQ:GOOGL)

Texas Yale Capital Corp. trimmed its holdings in Alphabet Inc (NASDAQ:GOOGL) by 50.0% in the second quarter, Holdings Channel reports. The fund owned 2,948 shares of the information services provider’s stock after selling 2,948 shares during the period. Texas Yale Capital Corp.’s holdings in Alphabet were worth $3,192,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GOOGL. Thoroughbred Financial Services LLC grew its stake in Alphabet by 205,910.9% in the second quarter. Thoroughbred Financial Services LLC now owns 3,393,000 shares of the information services provider’s stock valued at $339,300,000 after acquiring an additional 3,391,353 shares during the period. Packer & Co Ltd lifted its holdings in shares of Alphabet by 4,018.6% in the second quarter. Packer & Co Ltd now owns 958,600 shares of the information services provider’s stock valued at $25,202,000 after purchasing an additional 935,325 shares in the last quarter. Royal London Asset Management Ltd. bought a new stake in shares of Alphabet in the fourth quarter valued at about $237,900,000. AMF Pensionsforsakring AB lifted its holdings in shares of Alphabet by 172.7% in the fourth quarter. AMF Pensionsforsakring AB now owns 209,505 shares of the information services provider’s stock valued at $218,924,000 after purchasing an additional 132,686 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Alphabet by 4.0% in the fourth quarter. Fisher Asset Management LLC now owns 1,322,249 shares of the information services provider’s stock valued at $1,381,697,000 after purchasing an additional 51,160 shares in the last quarter. 33.94% of the stock is owned by hedge funds and other institutional investors.

GOOGL has been the topic of a number of research reports. Stifel Nicolaus restated a “hold” rating and issued a $1,287.00 price target on shares of Alphabet in a report on Tuesday, July 23rd. DZ Bank restated a “hold” rating and issued a $1,197.00 price target on shares of Alphabet in a report on Wednesday, May 1st. Cowen set a $1,500.00 price target on Alphabet and gave the company a “buy” rating in a report on Friday, July 26th. Citigroup restated a “buy” rating and issued a $1,450.00 price target (up from $1,325.00) on shares of Alphabet in a report on Friday, July 26th. Finally, SunTrust Banks restated a “buy” rating and issued a $1,325.00 price target on shares of Alphabet in a report on Monday, July 22nd. Eight equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $1,371.05.

GOOGL traded up $19.59 on Tuesday, hitting $1,174.34. 636,952 shares of the company were exchanged, compared to its average volume of 1,714,325. Alphabet Inc has a 12 month low of $977.66 and a 12 month high of $1,296.97. The company has a market cap of $829.52 billion, a P/E ratio of 24.72, a PEG ratio of 1.32 and a beta of 0.97. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average price of $1,142.77.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping analysts’ consensus estimates of $11.49 by $2.72. The firm had revenue of $31.71 billion for the quarter, compared to the consensus estimate of $30.90 billion. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. On average, equities research analysts predict that Alphabet Inc will post 51.94 earnings per share for the current fiscal year.

About Alphabet

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 (NASDAQ:GOOGL)

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