Robecosam AG decreased its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,330 shares of the information services provider’s stock after selling 500 shares during the period. Robecosam AG’s holdings in Alphabet were worth $5,579,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Northwest Quadrant Wealth Management LLC bought a new stake in Alphabet during the fourth quarter worth $474,000. Beacon Pointe Advisors LLC bought a new stake in shares of Alphabet in the fourth quarter valued at $655,000. Beacon Pointe Wealth Advisors LLC bought a new stake in shares of Alphabet in the fourth quarter valued at $1,000,000. Greatmark Investment Partners Inc. raised its stake in shares of Alphabet by 21.5% in the fourth quarter. Greatmark Investment Partners Inc. now owns 457 shares of the information services provider’s stock valued at $478,000 after buying an additional 81 shares during the period. Finally, Northern Capital Management LLC raised its stake in shares of Alphabet by 7.0% in the fourth quarter. Northern Capital Management LLC now owns 7,301 shares of the information services provider’s stock valued at $7,629,000 after buying an additional 480 shares during the period. 33.56% of the stock is currently owned by institutional investors.
GOOGL has been the subject of several recent research reports. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,234.00 price target for the company in a research report on Monday, January 28th. Stifel Nicolaus reduced their target price on Alphabet from $1,400.00 to $1,300.00 and set a “buy” rating for the company in a research report on Friday, January 25th. Deutsche Bank restated a “buy” rating and set a $1,300.00 target price on shares of Alphabet in a research report on Wednesday, January 23rd. Wells Fargo & Co set a $1,300.00 target price on Alphabet and gave the stock a “buy” rating in a research report on Tuesday, February 5th. Finally, SunTrust Banks reduced their target price on Alphabet to $1,350.00 and set a “buy” rating for the company in a research report on Tuesday, February 5th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $1,328.88.
GOOGL opened at $1,155.85 on Thursday. The company has a market cap of $801.46 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 1.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.96 and a quick ratio of 3.93. Alphabet Inc has a one year low of $977.66 and a one year high of $1,296.97.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, beating analysts’ consensus estimates of $10.56 by $1.34. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The business had revenue of $29.48 billion during the quarter, compared to analyst estimates of $29.99 billion. During the same quarter in the prior year, the company posted $13.33 EPS. Equities research analysts forecast that Alphabet Inc will post 48.44 EPS for the current fiscal year.
Alphabet Company 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.
Further Reading: Cost of Debt
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