Alpha Omega Wealth Management LLC Sells 28 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Alpha Omega Wealth Management LLC cut its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,200 shares of the information services provider’s stock after selling 28 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Alphabet were worth $3,208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC increased its position in Alphabet by 1.5% in the second quarter. Resonant Capital Advisors LLC now owns 269 shares of the information services provider’s stock worth $657,000 after buying an additional 4 shares during the last quarter. Allied Investment Advisors LLC increased its position in Alphabet by 3.5% in the second quarter. Allied Investment Advisors LLC now owns 119 shares of the information services provider’s stock worth $291,000 after buying an additional 4 shares during the last quarter. Capital Investment Counsel Inc increased its position in Alphabet by 0.3% in the second quarter. Capital Investment Counsel Inc now owns 1,381 shares of the information services provider’s stock worth $3,372,000 after buying an additional 4 shares during the last quarter. New Potomac Partners LLC boosted its holdings in shares of Alphabet by 2.3% in the second quarter. New Potomac Partners LLC now owns 176 shares of the information services provider’s stock worth $430,000 after acquiring an additional 4 shares during the period. Finally, Atlas Private Wealth Advisors boosted its holdings in shares of Alphabet by 2.9% in the second quarter. Atlas Private Wealth Advisors now owns 144 shares of the information services provider’s stock worth $352,000 after acquiring an additional 4 shares during the period. Institutional investors and hedge funds own 34.30% of the company’s stock.

Alphabet stock opened at $2,922.40 on Thursday. The stock’s 50 day simple moving average is $2,850.18 and its two-hundred day simple moving average is $2,668.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.96 and a current ratio of 2.98. The stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 28.14, a PEG ratio of 1.07 and a beta of 1.04. Alphabet Inc. has a fifty-two week low of $1,694.00 and a fifty-two week high of $3,019.33.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, October 25th. The information services provider reported $27.99 EPS for the quarter, topping analysts’ consensus estimates of $23.13 by $4.86. Alphabet had a return on equity of 30.22% and a net margin of 29.52%. During the same period in the previous year, the company posted $16.40 EPS. On average, analysts predict that Alphabet Inc. will post 107.86 earnings per share for the current year.

A number of equities analysts have recently commented on the company. Raymond James raised their price target on Alphabet from $3,200.00 to $3,400.00 and gave the stock an “outperform” rating in a report on Wednesday, October 27th. Canaccord Genuity raised their price target on Alphabet from $3,100.00 to $3,350.00 and gave the stock a “buy” rating in a report on Wednesday, October 27th. KeyCorp lifted their price objective on Alphabet from $3,071.00 to $3,090.00 and gave the company an “overweight” rating in a research note on Wednesday, October 27th. Evercore ISI lifted their price objective on Alphabet from $3,160.00 to $3,500.00 and gave the company an “outperform” rating in a research note on Wednesday, October 27th. Finally, Bank of America lifted their price objective on Alphabet from $3,150.00 to $3,210.00 and gave the company a “buy” rating in a research note on Wednesday, October 27th. Four investment analysts have rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $3,156.15.

Alphabet Company Profile

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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