Fiduciary Planning LLC Decreases Stock Holdings in Alphabet Inc (NASDAQ:GOOGL)

Fiduciary Planning LLC trimmed its holdings in Alphabet Inc (NASDAQ:GOOGL) by 22.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 887 shares of the information services provider’s stock after selling 258 shares during the quarter. Alphabet comprises approximately 1.9% of Fiduciary Planning LLC’s portfolio, making the stock its 17th largest holding. Fiduciary Planning LLC’s holdings in Alphabet were worth $1,031,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bank OZK increased its holdings in shares of Alphabet by 2.7% during the 4th quarter. Bank OZK now owns 1,642 shares of the information services provider’s stock worth $2,199,000 after buying an additional 43 shares during the last quarter. Candriam Luxembourg S.C.A. increased its holdings in shares of Alphabet by 23.8% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 159,195 shares of the information services provider’s stock worth $213,237,000 after buying an additional 30,567 shares during the last quarter. Tompkins Financial Corp increased its holdings in shares of Alphabet by 4.2% during the 4th quarter. Tompkins Financial Corp now owns 2,679 shares of the information services provider’s stock worth $3,589,000 after buying an additional 108 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Alphabet by 23.8% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 234 shares of the information services provider’s stock worth $313,000 after buying an additional 45 shares during the last quarter. Finally, Leavell Investment Management Inc. increased its holdings in Alphabet by 34.1% in the 4th quarter. Leavell Investment Management Inc. now owns 1,850 shares of the information services provider’s stock valued at $2,478,000 after purchasing an additional 470 shares during the last quarter. 34.29% of the stock is currently owned by institutional investors and hedge funds.

GOOGL has been the subject of several research reports. Aegis lifted their target price on shares of Alphabet from $1,425.00 to $1,800.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Stifel Nicolaus boosted their price target on shares of Alphabet from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Bank of America lifted their price objective on shares of Alphabet from $1,372.00 to $1,420.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Tigress Financial reissued a “buy” rating on shares of Alphabet in a research report on Monday, March 23rd. Finally, Citigroup boosted their price target on shares of Alphabet from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $1,505.34.

Alphabet stock opened at $1,413.24 on Friday. The firm’s 50-day moving average is $1,281.39 and its 200-day moving average is $1,330.33. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.64 and a current ratio of 3.66. Alphabet Inc has a 1 year low of $1,008.87 and a 1 year high of $1,530.74. The company has a market cap of $960.27 billion, a P/E ratio of 28.52, a PEG ratio of 2.11 and a beta of 1.06.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, April 28th. The information services provider reported $9.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $11.16 by ($1.29). The firm had revenue of $33.71 billion during the quarter, compared to the consensus estimate of $32.59 billion. Alphabet had a net margin of 20.71% and a return on equity of 17.43%. During the same quarter in the prior year, the business earned $9.50 earnings per share. As a group, sell-side analysts predict that Alphabet Inc will post 41.47 earnings per share 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.

Further Reading: What are Institutional Investors?

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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