Alphabet Inc. (NASDAQ:GOOGL) is Allen Operations LLC’s 7th Largest Position

Allen Operations LLC continued to hold its position in Alphabet Inc. (NASDAQ:GOOGL) during the first quarter, Holdings Channel reports. The institutional investor owned 4,485 shares of the information services provider’s stock at the end of the first quarter. Alphabet accounts for about 4.0% of Allen Operations LLC’s portfolio, making the stock its 7th largest position. Allen Operations LLC’s holdings in Alphabet were worth $3,802,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Delta Asset Management LLC TN raised 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 in the last quarter. Riggs Asset Managment Co. Inc. raised 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 in the last quarter. Jackson Grant Investment Advisers Inc. raised 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 in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised 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 in the last quarter. Finally, Cordasco Financial Network raised 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 in the last quarter. 34.31% of the stock is owned by institutional investors.

Shares of Alphabet Inc. (NASDAQ GOOGL) traded down 0.98% during mid-day trading on Thursday, reaching $930.90. 584,241 shares of the company’s stock were exchanged. The stock has a market cap of $645.00 billion, a price-to-earnings ratio of 33.74 and a beta of 0.99. Alphabet Inc. has a 52 week low of $743.59 and a 52 week high of $1,008.61. The stock has a 50 day moving average price of $959.12 and a 200 day moving average price of $908.27.

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

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A number of equities analysts have issued reports on GOOGL shares. B. Riley reissued a “buy” rating and set a $1,032.00 price target on shares of Alphabet in a research report on Friday, April 28th. MKM Partners reaffirmed a “buy” rating and set a $1,000.00 target price on shares of Alphabet in a report on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $1,000.00 target price on shares of Alphabet in a report on Tuesday, April 18th. Instinet reaffirmed a “buy” rating and set a $925.00 target price on shares of Alphabet in a report on Tuesday, April 25th. Finally, Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $962.00 target price for the company in a report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. Alphabet currently has an average rating of “Buy” and an average target price of $1,047.81.

About Alphabet

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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