Mathes Company Inc. cut its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,545 shares of the information services provider’s stock after selling 194 shares during the period. Alphabet makes up about 3.0% of Mathes Company Inc.’s investment portfolio, making the stock its 4th largest holding. Mathes Company Inc.’s holdings in Alphabet were worth $4,749,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vestor Capital LLC bought a new stake in Alphabet during the third quarter worth approximately $62,000. Lavaca Capital LLC bought a new stake in Alphabet during the fourth quarter worth approximately $97,000. Sound Income Strategies LLC raised its holdings in Alphabet by 71.4% during the fourth quarter. Sound Income Strategies LLC now owns 96 shares of the information services provider’s stock worth $100,000 after purchasing an additional 40 shares in the last quarter. Quantamental Technologies LLC bought a new stake in Alphabet during the fourth quarter worth approximately $103,000. Finally, Matthew Goff Investment Advisor LLC bought a new stake in Alphabet during the third quarter worth approximately $107,000. Institutional investors and hedge funds own 33.51% of the company’s stock.
Shares of Alphabet stock traded down $19.62 on Wednesday, hitting $1,119.94. 1,585,678 shares of the company traded hands, compared to its average volume of 1,643,895. The company has a quick ratio of 3.93, a current ratio of 3.96 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 12-month low of $977.66 and a 12-month high of $1,296.97. The stock has a market cap of $777.51 billion, a P/E ratio of 23.57, a P/E/G ratio of 1.34 and a beta of 1.03.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, beating the consensus estimate of $10.56 by $1.34. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. The business had revenue of $29.48 billion for the quarter, compared to analysts’ expectations of $29.99 billion. During the same period in the previous year, the company posted $13.33 EPS. On average, equities research analysts expect that Alphabet Inc will post 48.44 earnings per share for the current fiscal year.
Several research firms have issued reports on GOOGL. Pivotal Research began coverage on Alphabet in a report on Wednesday. They issued a “hold” rating and a $1,139.56 price target on the stock. Nomura reaffirmed an “outperform” rating on shares of Alphabet in a report on Wednesday, February 6th. JMP Securities reaffirmed an “outperform” rating and issued a $1,375.00 price target (up previously from $1,300.00) on shares of Alphabet in a report on Tuesday, April 30th. Stifel Nicolaus cut Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price target on the stock. in a report on Tuesday, April 30th. Finally, Zacks Investment Research cut Alphabet from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. Seven equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $1,323.74.
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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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