Alphabet Inc. (GOOGL) Holdings Reduced by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,379 shares of the information services provider’s stock after selling 192 shares during the period. Alphabet makes up 2.3% of GW Henssler & Associates Ltd.’s portfolio, making the stock its 5th largest position. GW Henssler & Associates Ltd.’s holdings in Alphabet were worth $21,735,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in GOOGL. State Street Corp boosted its position in shares of Alphabet by 1.2% during the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock worth $10,128,119,000 after acquiring an additional 142,214 shares in the last quarter. Legal & General Group Plc increased its position in shares of Alphabet by 3.0% during the second quarter. Legal & General Group Plc now owns 1,441,831 shares of the information services provider’s stock worth $1,340,528,000 after buying an additional 42,001 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Alphabet by 7.0% during the second quarter. Canada Pension Plan Investment Board now owns 1,316,448 shares of the information services provider’s stock worth $1,223,875,000 after buying an additional 85,800 shares during the period. Bank of Montreal Can increased its position in shares of Alphabet by 0.8% during the second quarter. Bank of Montreal Can now owns 1,094,698 shares of the information services provider’s stock worth $1,017,719,000 after buying an additional 8,375 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Alphabet by 4.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,038,084 shares of the information services provider’s stock worth $965,086,000 after buying an additional 43,543 shares during the period. 33.81% of the stock is owned by institutional investors.

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Several equities research analysts have recently weighed in on GOOGL shares. Stifel Nicolaus reiterated a “buy” rating and set a $1,075.00 price objective on shares of Alphabet in a research report on Monday, September 25th. UBS AG restated a “buy” rating and issued a $1,080.00 price target on shares of Alphabet in a report on Friday, September 8th. Jefferies Group LLC restated a “buy” rating and issued a $1,200.00 price target on shares of Alphabet in a report on Tuesday, October 10th. They noted that the move was a valuation call. Mizuho restated a “buy” rating on shares of Alphabet in a report on Tuesday, October 17th. Finally, Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price target for the company. in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine 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 an average price target of $1,088.53.

Shares of Alphabet Inc. (NASDAQ GOOGL) opened at $1,041.64 on Wednesday. The company has a market cap of $723,426.81, a PE ratio of 34.86, a price-to-earnings-growth ratio of 1.76 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc. has a 12-month low of $753.36 and a 12-month high of $1,063.62.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the consensus estimate of $8.43 by $1.14. The business had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same quarter in the previous year, the firm posted $9.06 earnings per share. equities analysts forecast that Alphabet Inc. will post 32.15 EPS for the current year.

Alphabet Company 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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