Economy

Cullinan Associates INC Continues to Hold Stake in Alphabet Class A (GOOGL)

Cullinan Associates INC Continues to Hold Stake in Alphabet Class A (GOOGL)”

Alpha Windward LLC boosted its stake in shares of Alphabet by 0.9% in the third quarter. The company presently has an average rating of "Buy" and an average target price of $1,054.01. Fisher Asset Management LLC lifted its holdings in shares of Alphabet by 2.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 994,541 shares of the information services provider's stock worth $843,172,000 after buying an additional 45,805 shares during the last quarter. The Paradice Investment Management Llc holds 4.58M shares with $52.42M value, up from 3.64 million last quarter. Parkside Financial Bank & Trust boosted its position in Alphabet by 39.6% during the 2nd quarter. State Street Corp now owns 11,946,348 shares of the information services provider's stock worth $10,128,119,000 after buying an additional 142,214 shares during the last quarter. Finally, Trust Department MB Financial Bank N A boosted its stake in shares of Alphabet by 3.0% in the third quarter. Institutional investors and hedge funds own 34.74% of the company's stock. Alphabet Inc (NASDAQ:GOOGL) has risen 33.46% since September 25, 2016 and is uptrending. The firm purchased 906 shares of the information services provider's stock, valued at approximately $842,000. Karp Capital Management Corp bought a new position in shares of Alphabet in the first quarter worth $82,519,000.

Cullinan Associates Inc increased its stake in Alphabet Class A (GOOGL) by 73.02% based on its latest 2017Q2 regulatory filing with the SEC. The stock has a 50 day moving average of $939.49 and a 200-day moving average of $928.76.

Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. Alphabet had a return on equity of 14.85% and a net margin of 21.58%. The company had revenue of $20.92 billion during the quarter, compared to analysts' expectations of $20.83 billion. During the same quarter in the prior year, the company posted $8.42 earnings per share. Alphabet's revenue for the quarter was up 22.2% compared to the same quarter previous year. After having $5.01 EPS previously, Alphabet Inc's analysts see 68.26 % EPS growth.

GOOG has been the topic of several recent analyst reports. The stock now has a consensus rating of "Buy" and an average price target of $1,033.79.

More notable recent Alphabet Inc (NASDAQ:GOOGL) news were published by: Investorplace.com which released: "Alphabet Inc (GOOGL) Stock: One That Got Away From Warren Buffett" on September 13, 2017, also Seekingalpha.com with their article: "Google Has Hit the Jackpot With "Tez" published on September 22, 2017, Investorplace.com published: "Alphabet Inc's Google Buys HTC's Pixel Development Team" on September 21, 2017. Pacific Crest initiated coverage on Alphabet in a report on Friday, January 20th. The stock has "Overweight" rating by Morgan Stanley on Thursday, April 7. Robert W. Baird maintained it with "Buy" rating and $110000 target in Tuesday, July 25 report. Deutsche Bank AG reaffirmed a "buy" rating on shares of Alphabet in a report on Monday, June 12th.

Among 49 analysts covering Google (NASDAQ:GOOGL), 44 have Buy rating, 0 Sell and 5 Hold. Alphabet now has an average rating of "Buy" and a consensus price target of $956.80. Also, CEO Sundar Pichai sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $969.92, for a total transaction of $3,879,680.00. Cullinan Associates Inc bought 6,364 shares as the company's stock rose 12.77% with the market. The disclosure for this sale can be found here. Baird's target gives a potential upside of 18.50 % from the company's last stock close.

Susquehanna Bancshares Inc reiterated their positive rating on shares of Alphabet Inc. The Company's businesses include Google Inc. and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The company has market cap of $638.12 billion. 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.



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