Deltec Asset Management LLC Has $21.89 Million Stock Holdings in Alphabet Inc (NASDAQ:GOOGL)

Deltec Asset Management LLC cut its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,340 shares of the information services provider’s stock after selling 574 shares during the quarter. Alphabet accounts for about 4.4% of Deltec Asset Management LLC’s holdings, making the stock its 4th biggest holding. Deltec Asset Management LLC’s holdings in Alphabet were worth $21,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in Alphabet by 5.1% in the fourth quarter. Larson Financial Group LLC now owns 145 shares of the information services provider’s stock valued at $194,000 after purchasing an additional 7 shares during the last quarter. GenTrust LLC boosted its stake in shares of Alphabet by 3.6% during the fourth quarter. GenTrust LLC now owns 204 shares of the information services provider’s stock valued at $273,000 after purchasing an additional 7 shares during the period. Round Table Services LLC increased its stake in shares of Alphabet by 0.9% in the fourth quarter. Round Table Services LLC now owns 799 shares of the information services provider’s stock worth $1,070,000 after buying an additional 7 shares during the period. Trust Co. of Oklahoma increased its stake in shares of Alphabet by 0.3% in the fourth quarter. Trust Co. of Oklahoma now owns 2,621 shares of the information services provider’s stock worth $3,511,000 after buying an additional 7 shares during the period. Finally, DAGCO Inc. increased its stake in shares of Alphabet by 0.6% in the third quarter. DAGCO Inc. now owns 1,282 shares of the information services provider’s stock worth $1,565,000 after buying an additional 8 shares during the period. 33.91% of the stock is owned by institutional investors and hedge funds.

NASDAQ:GOOGL opened at $1,431.73 on Tuesday. The firm’s 50-day moving average price is $1,393.97 and its 200-day moving average price is $1,269.88. The company has a market capitalization of $988.41 billion, a PE ratio of 30.72, a P/E/G ratio of 1.60 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75. Alphabet Inc has a 1-year low of $1,027.03 and a 1-year high of $1,500.58.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the consensus estimate of $12.42 by ($2.30). Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The business had revenue of $33.01 billion for the quarter, compared to the consensus estimate of $32.84 billion. During the same period in the previous year, the firm earned $13.06 EPS. Equities analysts anticipate that Alphabet Inc will post 49.03 EPS for the current fiscal year.

GOOGL has been the subject of several analyst reports. Tigress Financial reissued a “buy” rating on shares of Alphabet in a research report on Friday, November 22nd. Monness Crespi & Hardt set a $1,360.00 price target on shares of Alphabet and gave the stock a “buy” rating in a report on Monday, October 21st. Evercore ISI restated a “positive” rating and issued a $1,600.00 price objective (up previously from $1,350.00) on shares of Alphabet in a research report on Monday, January 13th. Sanford C. Bernstein started coverage on shares of Alphabet in a research note on Friday, January 10th. They set an “outperform” rating and a $1,600.00 price objective for the company. Finally, Bernstein Bank began coverage on shares of Alphabet in a research note on Friday, January 10th. They set an “outperform” rating and a $1,600.00 price objective for the company. Six research analysts have rated the stock with a hold rating and forty have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $1,470.49.

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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