Alphabet Inc. (NASDAQ:GOOGL) Stake Increased by Pineno Levin & Ford Asset Management Inc.

Pineno Levin & Ford Asset Management Inc. grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 601 shares of the information services provider’s stock after buying an additional 1 shares during the period. Pineno Levin & Ford Asset Management Inc.’s holdings in Alphabet were worth $510,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Delta Asset Management LLC TN boosted its stake in Alphabet by 1.5% during the 1st quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after purchasing an additional 2 shares during the period. Riggs Asset Managment Co. Inc. lifted its stake in shares of Alphabet by 58.3% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock worth $129,000 after acquiring an additional 56 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in shares of Alphabet by 22.6% in the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 179 shares of the information services provider’s stock worth $152,000 after acquiring an additional 33 shares during the period. Cordasco Financial Network lifted its stake in shares of Alphabet by 2.2% in the 1st quarter. Cordasco Financial Network now owns 235 shares of the information services provider’s stock worth $199,000 after acquiring an additional 5 shares during the period. Finally, First Command Financial Services Inc. lifted its stake in shares of Alphabet by 56.1% in the 1st quarter. First Command Financial Services Inc. now owns 242 shares of the information services provider’s stock worth $205,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 33.88% of the company’s stock.

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A number of brokerages have recently issued reports on GOOGL. B. Riley reiterated a “buy” rating and issued a $1,050.00 price target on shares of Alphabet in a report on Sunday, July 30th. MKM Partners restated a “buy” rating and set a $1,210.00 target price (up from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. Cowen and Company restated an “outperform” rating and set a $1,075.00 target price on shares of Alphabet in a report on Thursday, August 10th. Vetr upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,053.55 price target for the company in a report on Monday, July 3rd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $1,200.00 price target on shares of Alphabet in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $1,053.45.

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded down 0.51% on Friday, hitting $935.29. The company had a trading volume of 1,994,265 shares. Alphabet Inc. has a 12-month low of $743.59 and a 12-month high of $1,008.61. The firm has a 50-day moving average price of $940.56 and a 200 day moving average price of $926.45. The company has a market capitalization of $648.04 billion, a P/E ratio of 33.90 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last announced 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). The business had revenue of $20.92 billion for the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same quarter in the previous year, the company earned $8.42 EPS. Equities analysts expect that Alphabet Inc. will post $30.59 EPS for the current year.

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)

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