Fishman Jay A Ltd. MI Sells 1,195 Shares of Alphabet Inc (NASDAQ:GOOGL)

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Fishman Jay A Ltd. MI decreased its position in Alphabet Inc (NASDAQ:GOOGL) by 4.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,964 shares of the information services provider’s stock after selling 1,195 shares during the period. Alphabet comprises approximately 5.5% of Fishman Jay A Ltd. MI’s portfolio, making the stock its 4th biggest holding. Fishman Jay A Ltd. MI’s holdings in Alphabet were worth $29,263,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Litman Gregory Asset Management LLC acquired a new stake in Alphabet in the 2nd quarter worth about $37,000. Garrett Wealth Advisory Group LLC acquired a new stake in Alphabet in the 3rd quarter worth about $39,000. Lipe & Dalton acquired a new stake in Alphabet in the 2nd quarter worth about $49,000. Johnson Financial Group Inc. boosted its stake in Alphabet by 26.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 48 shares of the information services provider’s stock worth $52,000 after buying an additional 10 shares during the last quarter. Finally, Vista Private Wealth Partners. LLC acquired a new stake in Alphabet in the 3rd quarter worth about $60,000. 33.56% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on GOOGL shares. Barclays reissued a “buy” rating and issued a $1,400.00 price target on shares of Alphabet in a research note on Tuesday, October 29th. Raymond James reissued an “outperform” rating on shares of Alphabet in a research note on Wednesday, October 30th. Canaccord Genuity raised their price target on Alphabet from $1,350.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Jefferies Financial Group raised their price target on Alphabet from $1,500.00 to $1,550.00 in a research note on Tuesday, October 29th. Finally, BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, July 13th. Seven analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and a consensus price target of $1,406.25.

Shares of NASDAQ:GOOGL traded up $2.06 during mid-day trading on Friday, hitting $1,309.00. 1,519,600 shares of the company traded hands, compared to its average volume of 1,555,468. The firm has a market cap of $895.48 billion, a P/E ratio of 27.55, a PEG ratio of 1.58 and a beta of 1.01. The firm’s 50 day simple moving average is $1,241.32 and its 200 day simple moving average is $1,181.32. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78. Alphabet Inc has a 52-week low of $977.66 and a 52-week high of $1,322.65.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the consensus estimate of $12.42 by ($2.30). The firm had revenue of $33.01 billion during the quarter, compared to analyst estimates of $32.84 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. During the same quarter in the previous year, the business posted $13.06 EPS. Equities research analysts expect that Alphabet Inc will post 49.05 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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