Lucus Advisors LLC Holds Position in Alphabet Inc. (GOOGL)

Lucus Advisors LLC maintained its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the first quarter, Holdings Channel reports. The firm owned 306 shares of the information services provider’s stock at the end of the first quarter. Lucus Advisors LLC’s holdings in Alphabet were worth $259,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Delta Asset Management LLC TN boosted its position in Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after buying an additional 2 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its position in Alphabet by 58.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock worth $129,000 after buying an additional 56 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in Alphabet by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 170 shares of the information services provider’s stock worth $135,000 after buying an additional 1 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in Alphabet by 22.6% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 179 shares of the information services provider’s stock worth $152,000 after buying an additional 33 shares during the last quarter. Finally, Cordasco Financial Network boosted its position in Alphabet by 2.2% in the first quarter. Cordasco Financial Network now owns 235 shares of the information services provider’s stock worth $199,000 after buying an additional 5 shares during the last quarter. Institutional investors and hedge funds own 34.31% of the company’s stock.

Alphabet Inc. (NASDAQ:GOOGL) traded down 1.03% on Thursday, hitting $930.36. The stock had a trading volume of 572,168 shares. The company has a 50-day moving average price of $959.12 and a 200 day moving average price of $908.27. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. The firm has a market cap of $644.63 billion, a PE ratio of 33.72 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $8.25 by $3.24. The business had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same period in the previous year, the business earned $8.42 EPS. Equities analysts forecast that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

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GOOGL has been the topic of a number of research analyst reports. B. Riley restated a “buy” rating and set a $1,032.00 price target on shares of Alphabet in a report on Friday, April 28th. MKM Partners restated a “buy” rating and set a $1,000.00 price target on shares of Alphabet in a report on Tuesday, April 25th. Jefferies Group LLC restated a “buy” rating and set a $1,000.00 price target on shares of Alphabet in a report on Tuesday, April 18th. Instinet restated a “buy” rating and set a $925.00 price target on shares of Alphabet in a report on Tuesday, April 25th. Finally, Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $962.00 price target on the stock in a report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,047.81.

Alphabet Company 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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