Alphabet Inc. (NASDAQ:GOOGL) Holdings Reduced by SNS Financial Group LLC

SNS Financial Group LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 52.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 409 shares of the information services provider’s stock after selling 446 shares during the quarter. SNS Financial Group LLC’s holdings in Alphabet were worth $346,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Delta Asset Management LLC TN raised its stake in Alphabet by 1.5% during the first 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 in the last quarter. Cordasco Financial Network raised its stake in Alphabet by 2.2% during the first quarter. Cordasco Financial Network now owns 235 shares of the information services provider’s stock valued at $199,000 after buying an additional 5 shares in the last quarter. Busey Trust CO raised its stake in Alphabet by 0.3% during the first quarter. Busey Trust CO now owns 1,872 shares of the information services provider’s stock valued at $1,587,000 after buying an additional 5 shares in the last quarter. K.J. Harrison & Partners Inc raised its stake in Alphabet by 0.3% during the first quarter. K.J. Harrison & Partners Inc now owns 1,796 shares of the information services provider’s stock valued at $1,523,000 after buying an additional 6 shares in the last quarter. Finally, Union Bankshares Corp raised its stake in Alphabet by 0.6% during the first quarter. Union Bankshares Corp now owns 1,089 shares of the information services provider’s stock valued at $923,000 after buying an additional 7 shares in the last quarter. Institutional investors and hedge funds own 33.88% of the company’s stock.

Several brokerages have issued reports on GOOGL. Robert W. Baird restated a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a research note on Monday. UBS AG restated a “buy” rating and set a $1,080.00 price objective on shares of Alphabet in a research note on Friday, September 8th. SunTrust Banks, Inc. restated a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a research note on Thursday, September 7th. Credit Suisse Group restated an “outperform” rating on shares of Alphabet in a research note on Thursday, August 31st. Finally, Monness Crespi & Hardt restated a “buy” rating on shares of Alphabet in a research note on Saturday, August 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. Alphabet has a consensus rating of “Buy” and a consensus price target of $1,053.45.

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Shares of Alphabet Inc. (NASDAQ GOOGL) traded down 0.44% during midday trading on Friday, hitting $935.96. The stock had a trading volume of 1,107,328 shares. The firm has a market capitalization of $648.51 billion, a PE ratio of 33.92 and a beta of 0.98. The company’s 50 day moving average price is $941.05 and its 200-day moving average price is $925.84. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.25 by ($3.24). The firm had revenue of $20.92 billion during 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 period in the previous year, the company posted $8.42 earnings per share. Equities analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current year.

About Alphabet

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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