First Capital Advisors Group LLC. Sells 52 Shares of Alphabet Inc (GOOGL)

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First Capital Advisors Group LLC. reduced its holdings in Alphabet Inc (NASDAQ:GOOGL) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,056 shares of the information services provider’s stock after selling 52 shares during the quarter. Alphabet makes up about 0.8% of First Capital Advisors Group LLC.’s portfolio, making the stock its 28th largest holding. First Capital Advisors Group LLC.’s holdings in Alphabet were worth $1,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pegasus Partners Ltd. boosted its stake in shares of Alphabet by 18.5% in the 2nd quarter. Pegasus Partners Ltd. now owns 468 shares of the information services provider’s stock valued at $528,000 after purchasing an additional 73 shares during the last quarter. Swarthmore Group Inc. boosted its stake in shares of Alphabet by 6.3% in the 2nd quarter. Swarthmore Group Inc. now owns 8,050 shares of the information services provider’s stock valued at $9,090,000 after purchasing an additional 475 shares during the last quarter. Robecosam AG boosted its stake in shares of Alphabet by 5.5% in the 2nd quarter. Robecosam AG now owns 6,034 shares of the information services provider’s stock valued at $6,799,000 after purchasing an additional 316 shares during the last quarter. Silicon Valley Capital Partners boosted its stake in shares of Alphabet by 9.2% in the 2nd quarter. Silicon Valley Capital Partners now owns 2,265 shares of the information services provider’s stock valued at $2,780,000 after purchasing an additional 191 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. boosted its stake in shares of Alphabet by 73.9% in the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 4,000 shares of the information services provider’s stock valued at $4,516,000 after purchasing an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 33.32% of the company’s stock.

A number of research firms have recently commented on GOOGL. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,208.00 price objective on the stock in a research note on Friday. ValuEngine lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday. Pivotal Research raised shares of Alphabet from a “hold” rating to a “buy” rating and increased their target price for the stock from $1,010.00 to $1,240.00 in a research note on Monday, January 7th. Guggenheim assumed coverage on shares of Alphabet in a research note on Thursday, December 6th. They set a “buy” rating and a $1,330.00 target price on the stock. Finally, MKM Partners cut their target price on shares of Alphabet from $1,465.00 to $1,365.00 and set a “buy” rating on the stock in a research note on Monday, November 26th. Three research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Alphabet has an average rating of “Buy” and a consensus price target of $1,344.59.

GOOGL opened at $1,064.47 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. Alphabet Inc has a 1-year low of $977.66 and a 1-year high of $1,291.44. The firm has a market cap of $752.70 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 1.26 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $10.54 by $2.52. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. The firm had revenue of $27.16 billion for the quarter, compared to the consensus estimate of $27.32 billion. On average, equities research analysts anticipate that Alphabet Inc will post 45.32 earnings per share 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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