Carlson Capital Management Has $926,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)


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Carlson Capital Management cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 3.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 449 shares of the information services provider’s stock after selling 17 shares during the period. Carlson Capital Management’s holdings in Alphabet were worth $926,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. FMR LLC grew its stake in Alphabet by 0.9% during the fourth quarter. FMR LLC now owns 12,724,980 shares of the information services provider’s stock worth $22,302,309,000 after buying an additional 112,807 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in Alphabet by 44,364.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 7,551,846 shares of the information services provider’s stock worth $25,169,000 after buying an additional 7,534,862 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Alphabet by 6.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,183,875 shares of the information services provider’s stock worth $12,590,747,000 after buying an additional 447,141 shares in the last quarter. Norges Bank acquired a new stake in Alphabet during the fourth quarter worth about $9,523,211,000. Finally, Morgan Stanley grew its stake in Alphabet by 27.1% during the fourth quarter. Morgan Stanley now owns 3,271,179 shares of the information services provider’s stock worth $5,733,202,000 after buying an additional 697,236 shares in the last quarter. Institutional investors and hedge funds own 33.79% of the company’s stock.

GOOGL has been the topic of a number of analyst reports. Evercore ISI increased their price objective on shares of Alphabet from $1,875.00 to $2,400.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 3rd. The Goldman Sachs Group raised their price target on shares of Alphabet from $2,250.00 to $2,550.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Cowen restated an “outperform” rating on shares of Alphabet in a research note on Wednesday, February 3rd. KeyCorp raised their price target on shares of Alphabet from $2,060.00 to $2,353.00 and gave the company an “overweight” rating in a research note on Wednesday, February 3rd. Finally, JMP Securities raised their price target on shares of Alphabet from $1,700.00 to $2,400.00 and gave the company an “outperform” rating in a research note on Wednesday, February 3rd. One investment analyst has rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. Alphabet presently has an average rating of “Buy” and a consensus target price of $2,140.07.

Alphabet stock opened at $2,244.62 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.39 and a current ratio of 3.41. Alphabet Inc. has a 52-week low of $1,182.33 and a 52-week high of $2,273.97. The firm has a 50 day moving average price of $2,082.23 and a two-hundred day moving average price of $1,833.23. The firm has a market cap of $1.51 trillion, a price-to-earnings ratio of 43.37, a PEG ratio of 1.65 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, February 1st. The information services provider reported $22.30 EPS for the quarter, topping the consensus estimate of $15.90 by $6.40. The company had revenue of $46.43 billion during the quarter, compared to the consensus estimate of $44.09 billion. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. During the same quarter last year, the firm posted $15.35 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 52.19 EPS for the current fiscal year.

Alphabet 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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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