Calton & Associates Inc. Sells 65 Shares of Alphabet Inc (GOOGL)

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Calton & Associates Inc. reduced its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 6.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 927 shares of the information services provider’s stock after selling 65 shares during the period. Calton & Associates Inc.’s holdings in Alphabet were worth $1,119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GOOGL. Parkside Investments LLC acquired a new position in Alphabet during the third quarter worth $124,000. ELM Advisors LLC acquired a new position in Alphabet during the third quarter worth $128,000. Emerald Investment Partners LLC acquired a new position in Alphabet during the second quarter worth $137,000. Quad Cities Investment Group LLC acquired a new position in Alphabet during the second quarter worth $179,000. Finally, Marino Stram & Associates LLC lifted its stake in Alphabet by 47.7% during the second quarter. Marino Stram & Associates LLC now owns 161 shares of the information services provider’s stock worth $182,000 after purchasing an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 33.32% of the company’s stock.

GOOGL has been the topic of a number of research reports. Goldman Sachs Group decreased their price target on Alphabet from $1,500.00 to $1,300.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Bank of America decreased their price target on Alphabet from $1,390.00 to $1,350.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Monness Crespi & Hardt decreased their price target on Alphabet from $1,415.00 to $1,315.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Wedbush set a $1,350.00 price target on Alphabet and gave the stock a “buy” rating in a research note on Friday, October 26th. Finally, Macquarie restated a “buy” rating and set a $1,250.00 price target on shares of Alphabet in a research note on Thursday, September 27th. Three analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1,344.59.

Alphabet stock opened at $1,064.47 on Monday. Alphabet Inc has a twelve month low of $977.66 and a twelve month high of $1,291.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. The firm has a market cap of $752.70 billion, a PE ratio of 33.21, a P/E/G ratio of 1.26 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, topping analysts’ consensus estimates of $10.54 by $2.52. The business had revenue of $27.16 billion for the quarter, compared to analyst estimates of $27.32 billion. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. Analysts predict that Alphabet Inc will post 45.32 EPS for the current year.

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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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