Beck Mack & Oliver LLC Reduces Position in Alphabet Inc. (GOOGL)

Beck Mack & Oliver LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,516 shares of the information services provider’s stock after selling 1,165 shares during the period. Alphabet makes up 1.6% of Beck Mack & Oliver LLC’s portfolio, making the stock its 26th largest holding. Beck Mack & Oliver LLC’s holdings in Alphabet were worth $48,823,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GOOGL. State of Alaska Department of Revenue purchased a new stake in Alphabet in the 2nd quarter valued at about $102,000. Franklin Parlapiano Turner & Welch LLC purchased a new stake in Alphabet in the 1st quarter valued at about $108,000. Delta Asset Management LLC TN boosted its position in Alphabet by 1.5% in the 1st quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after buying an additional 2 shares during the period. Farmers National Bank boosted its position in Alphabet by 2.7% in the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after buying an additional 4 shares during the period. Finally, Riggs Asset Managment Co. Inc. boosted its position in Alphabet by 58.3% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after buying an additional 56 shares during the period. 33.82% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on GOOGL shares. Cantor Fitzgerald reissued a “buy” rating and issued a $1,070.00 price objective on shares of Alphabet in a research report on Tuesday, June 27th. Vetr raised shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,069.98 price objective for the company in a research report on Tuesday, June 27th. MKM Partners reissued a “buy” rating and issued a $1,170.00 price objective on shares of Alphabet in a research report on Wednesday, June 28th. Credit Suisse Group restated an “outperform” rating on shares of Alphabet in a report on Friday, June 30th. Finally, Robert W. Baird restated an “outperform” rating on shares of Alphabet in a report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $1,058.98.

Alphabet Inc. (NASDAQ GOOGL) opened at 1007.38 on Tuesday. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,014.76. The firm has a market capitalization of $697.99 billion, a PE ratio of 36.51 and a beta of 0.96. The firm’s 50-day moving average is $957.79 and its 200-day moving average is $944.04.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the consensus estimate of $8.25 by ($3.24). Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company had revenue of $20.92 billion for the quarter, compared to analysts’ expectations of $20.83 billion. During the same quarter in the previous year, the firm posted $8.42 earnings per share. On average, analysts anticipate that Alphabet Inc. will post $30.62 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Beck Mack & Oliver LLC Reduces Position in Alphabet Inc. (GOOGL)” was first reported by BBNS and is owned by of BBNS. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://baseballnewssource.com/markets/beck-mack-oliver-llc-sells-1165-shares-of-alphabet-inc-googl/1698734.html.

Alphabet Profile

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Red Sox Waste Little Time in Firing John Farrell
Red Sox Waste Little Time in Firing John Farrell
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Red Sox Beat Houston Sunday to Avoid Elimination
Red Sox Beat Houston Sunday to Avoid Elimination


Leave a Reply

 
© 2006-2017 BBNS.