Outlook Wealth Advisors LLC Sells 16 Shares of Alphabet Inc (NASDAQ:GOOGL)

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Outlook Wealth Advisors LLC lessened its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311 shares of the information services provider’s stock after selling 16 shares during the period. Outlook Wealth Advisors LLC’s holdings in Alphabet were worth $380,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GOOGL. Litman Gregory Asset Management LLC bought a new stake in shares of Alphabet during the 2nd quarter valued at $37,000. Lipe & Dalton bought a new stake in shares of Alphabet during the 2nd quarter valued at $49,000. Johnson Financial Group Inc. lifted its position in shares of Alphabet by 26.3% during the 2nd quarter. Johnson Financial Group Inc. now owns 48 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 10 shares during the period. Vista Private Wealth Partners. LLC bought a new stake in shares of Alphabet during the 3rd quarter valued at $60,000. Finally, Smart Money Group LLC bought a new stake in shares of Alphabet during the 2nd quarter valued at $61,000. Institutional investors and hedge funds own 33.56% of the company’s stock.

Several analysts recently weighed in on the company. Susquehanna Bancshares upped their price objective on Alphabet to $1,550.00 in a research report on Friday, July 26th. Nomura restated a “buy” rating and set a $1,400.00 price objective (up from $1,300.00) on shares of Alphabet in a research report on Friday, July 26th. KeyCorp upped their price objective on Alphabet from $1,516.00 to $1,546.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Needham & Company LLC set a $1,350.00 target price on Alphabet and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Jefferies Financial Group upped their target price on Alphabet from $1,500.00 to $1,550.00 in a report on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. Alphabet currently has an average rating of “Buy” and a consensus price target of $1,406.25.

NASDAQ GOOGL traded up $2.06 during trading hours on Friday, hitting $1,309.00. 1,519,600 shares of the company’s stock were exchanged, compared to its average volume of 1,555,468. Alphabet Inc has a 1-year low of $977.66 and a 1-year high of $1,322.65. The firm has a market cap of $895.48 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 1.58 and a beta of 1.01. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of $1,241.32 and a 200 day simple moving average of $1,181.32.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.42 by ($2.30). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The business had revenue of $33.01 billion for the quarter, compared to analysts’ expectations of $32.84 billion. During the same quarter in the prior year, the firm earned $13.06 EPS. On average, sell-side analysts anticipate that Alphabet Inc will post 49.05 earnings per share for the current fiscal year.

Alphabet Profile

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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