The Triangle Securities Wealth Management Sold shares of Alphabet Inc. (GOOGL)

The Triangle Securities Wealth Management Sold shares of Alphabet Inc. (GOOGL)

Triangle Securities Wealth Management reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 14.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 384 shares of the company’s stock after selling 65 shares during the period. Triangle Securities Wealth Management’s holdings in Alphabet were worth $309,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Alphabet by 97.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 146 shares of the company’s stock valued at $102,000 after buying an additional 72 shares during the last quarter. Archford Capital Strategies LLC boosted its stake in Alphabet by 29.8% in the second quarter. Archford Capital Strategies LLC now owns 148 shares of the company’s stock valued at $104,000 after buying an additional 34 shares during the last quarter. Roble Belko & Company Inc boosted its stake in Alphabet by 294.9% in the second quarter. Roble Belko & Company Inc now owns 154 shares of the company’s stock valued at $108,000 after buying an additional 115 shares during the last quarter. MCF Advisors LLC boosted its stake in Alphabet by 1.9% in the second quarter. MCF Advisors LLC now owns 159 shares of the company’s stock valued at $112,000 after buying an additional 3 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new stake in Alphabet during the second quarter valued at approximately $117,000. Institutional investors and hedge funds own 34.14% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.16% during mid-day trading on Friday, reaching $780.23. The company had a trading volume of 613,549 shares. Alphabet Inc. has a one year low of $672.66 and a one year high of $839.00. The company has a 50 day moving average price of $800.21 and a 200 day moving average price of $771.86. The company has a market capitalization of $537.76 billion, a price-to-earnings ratio of 28.56 and a beta of 0.92.

Several equities research analysts have commented on GOOGL shares. Macquarie restated an “outperform” rating and issued a $975.00 target price on shares of Alphabet in a research note on Sunday, July 31st. Mizuho reiterated a “buy” rating and set a $1,020.00 price objective (up previously from $1,010.00) on shares of Alphabet in a research note on Sunday, July 31st. Jefferies Group reiterated a “buy” rating and set a $1,000.00 price objective (up previously from $925.00) on shares of Alphabet in a research note on Sunday, July 31st. Needham & Company LLC reiterated a “buy” rating and set a $900.00 price objective (up previously from $825.00) on shares of Alphabet in a research note on Sunday, July 31st. Finally, MKM Partners set a $935.00 price objective on Alphabet and gave the stock a “buy” rating in a research note on Monday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and an average price target of $940.44.

About Alphabet

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

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