Beck Bode LLC lowered its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 419 shares of the information services provider’s stock after selling 17 shares during the quarter. Beck Bode LLC’s holdings in Alphabet were worth $561,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in GOOGL. TFO TDC LLC acquired a new position in Alphabet during the 4th quarter worth $32,000. Roof Eidam & Maycock ADV acquired a new position in Alphabet during the 3rd quarter worth $33,000. Garrett Wealth Advisory Group LLC acquired a new position in Alphabet during the 3rd quarter worth $39,000. Vista Private Wealth Partners. LLC acquired a new position in Alphabet during the 3rd quarter worth $60,000. Finally, Regal Wealth Group Inc. boosted its position in Alphabet by 55.2% during the 4th quarter. Regal Wealth Group Inc. now owns 45 shares of the information services provider’s stock worth $60,000 after acquiring an additional 16 shares during the period. Institutional investors and hedge funds own 33.91% of the company’s stock.
A number of brokerages have issued reports on GOOGL. Sanford C. Bernstein began coverage on Alphabet in a research report on Friday, January 10th. They set an “outperform” rating and a $1,600.00 price target for the company. Robert W. Baird reiterated a “buy” rating and set a $1,400.00 price target on shares of Alphabet in a research report on Thursday, December 19th. Cleveland Research began coverage on Alphabet in a research report on Friday, December 20th. They set a “neutral” rating and a $1,423.00 price target for the company. Bernstein Bank began coverage on Alphabet in a research report on Friday, January 10th. They set an “outperform” rating and a $1,600.00 price target for the company. Finally, Morgan Stanley boosted their price target on Alphabet from $1,450.00 to $1,560.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and forty have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1,470.49.
Shares of Alphabet stock opened at $1,431.73 on Tuesday. The stock’s fifty day moving average is $1,393.97 and its 200-day moving average is $1,269.88. The firm has a market capitalization of $988.41 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 1.60 and a beta of 1.01. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 12-month low of $1,027.03 and a 12-month high of $1,500.58.
Alphabet (NASDAQ:GOOGL) last announced its 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). The company had revenue of $33.01 billion for the quarter, compared to analyst estimates of $32.84 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. During the same period last year, the firm earned $13.06 earnings per share. Analysts expect that Alphabet Inc will post 49.03 EPS for the current 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.
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