Koshinski Asset Management Inc. cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,301 shares of the information services provider’s stock after selling 97 shares during the period. Koshinski Asset Management Inc.’s holdings in Alphabet were worth $2,280,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Kinloch Capital LLC bought a new position in shares of Alphabet in the fourth quarter worth about $28,000. Resolute Partners Group bought a new position in Alphabet during the fourth quarter valued at about $28,000. ForthRight Wealth Management LLC bought a new position in Alphabet during the fourth quarter valued at about $32,000. Cypress Point Wealth Management LLC bought a new position in Alphabet during the fourth quarter valued at about $39,000. Finally, Cowa LLC bought a new position in Alphabet during the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 33.79% of the company’s stock.
GOOGL has been the topic of several research reports. Loop Capital upgraded Alphabet from a “hold” rating to a “buy” rating and set a $2,525.00 price target on the stock in a research note on Tuesday, February 16th. Mizuho boosted their price target on Alphabet from $2,100.00 to $2,350.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. UBS Group boosted their price target on Alphabet from $2,050.00 to $2,300.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. MKM Partners reissued a “buy” rating and issued a $2,200.00 target price (up from $1,950.00) on shares of Alphabet in a report on Wednesday, February 3rd. Finally, Moffett Nathanson boosted their target price on Alphabet from $1,900.00 to $2,100.00 in a report on Friday, January 15th. One investment analyst has rated the stock with a hold rating and forty-two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $2,108.21.
Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, February 1st. The information services provider reported $22.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $15.90 by $6.40. The firm had revenue of $46.43 billion during the quarter, compared to analysts’ expectations of $44.09 billion. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. During the same quarter in the prior year, the company earned $15.35 EPS. On average, equities research analysts expect that Alphabet Inc. will post 52.19 earnings per share for the current fiscal year.
Alphabet Company Profile
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.
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