ST Germain D J Co. Inc. lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,004 shares of the information services provider’s stock after selling 317 shares during the period. Alphabet makes up about 3.5% of ST Germain D J Co. Inc.’s investment portfolio, making the stock its 2nd largest position. ST Germain D J Co. Inc.’s holdings in Alphabet were worth $25,437,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ancora Advisors LLC raised its stake in shares of Alphabet by 261.6% in the fourth quarter. Ancora Advisors LLC now owns 3,913 shares of the information services provider’s stock worth $3,101,000 after buying an additional 2,831 shares in the last quarter. Alta Capital Management LLC raised its stake in shares of Alphabet by 1.3% in the first quarter. Alta Capital Management LLC now owns 79,008 shares of the information services provider’s stock worth $66,982,000 after buying an additional 1,001 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Alphabet during the fourth quarter worth $227,000. Chescapmanager LLC bought a new stake in shares of Alphabet during the fourth quarter worth $9,509,000. Finally, JW Asset Management LLC raised its stake in shares of Alphabet by 40.0% in the fourth quarter. JW Asset Management LLC now owns 10,500 shares of the information services provider’s stock worth $8,321,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 34.34% of the company’s stock.
Shares of Alphabet Inc. (GOOGL) opened at 953.53 on Wednesday. The company has a market capitalization of $659.60 billion, a price-to-earnings ratio of 32.22 and a beta of 1.00. Alphabet Inc. has a 12-month low of $708.11 and a 12-month high of $1,008.61. The company’s 50-day moving average is $972.78 and its 200-day moving average is $880.30.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 27th. The information services provider reported $7.73 EPS for the quarter, topping the consensus estimate of $7.24 by $0.49. The company had revenue of $20.12 billion during the quarter, compared to analyst estimates of $19.65 billion. Alphabet had a net margin of 21.84% and a return on equity of 15.16%. During the same period in the previous year, the firm earned $7.50 earnings per share. Analysts predict that Alphabet Inc. will post $33.95 EPS for the current year.
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A number of analysts have weighed in on GOOGL shares. Pacific Crest restated an “overweight” rating and issued a $1,040.00 target price on shares of Alphabet in a research report on Sunday, April 23rd. Susquehanna Bancshares Inc restated a “positive” rating and issued a $1,000.00 target price on shares of Alphabet in a research report on Sunday, March 19th. BMO Capital Markets restated an “outperform” rating and issued a $1,005.00 target price on shares of Alphabet in a research report on Monday, March 27th. Barclays PLC began coverage on shares of Alphabet in a research report on Tuesday, March 28th. They issued an “overweight” rating and a $1,065.00 target price on the stock. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $1,025.00 price target on shares of Alphabet in a research note on Thursday, March 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and forty have given a buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and a consensus price target of $1,015.45.
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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