Alphabet Inc. (GOOGL) Shares Sold by Comerica Bank

Comerica Bank decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 87,980 shares of the information services provider’s stock after selling 420 shares during the period. Alphabet makes up approximately 0.7% of Comerica Bank’s investment portfolio, making the stock its 18th largest holding. Comerica Bank’s holdings in Alphabet were worth $87,831,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. boosted its position in Alphabet by 15.2% in the first quarter. Russell Investments Group Ltd. now owns 499,770 shares of the information services provider’s stock valued at $423,745,000 after buying an additional 65,835 shares during the last quarter. Asset Advisors Corp boosted its position in Alphabet by 24.0% in the first quarter. Asset Advisors Corp now owns 4,800 shares of the information services provider’s stock valued at $4,069,000 after buying an additional 928 shares during the last quarter. IFP Advisors Inc boosted its position in Alphabet by 3.8% in the first quarter. IFP Advisors Inc now owns 8,576 shares of the information services provider’s stock valued at $7,271,000 after buying an additional 314 shares during the last quarter. Leavell Investment Management Inc. boosted its position in Alphabet by 1.4% in the first quarter. Leavell Investment Management Inc. now owns 1,298 shares of the information services provider’s stock valued at $1,100,000 after buying an additional 18 shares during the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. boosted its position in Alphabet by 18.5% in the first quarter. Taylor Cottrill Erickson & Associates Inc. now owns 1,617 shares of the information services provider’s stock valued at $1,371,000 after buying an additional 253 shares during the last quarter. Institutional investors and hedge funds own 33.81% of the company’s stock.

Alphabet Inc. (GOOGL) opened at $1,041.64 on Wednesday. Alphabet Inc. has a 52 week low of $753.36 and a 52 week high of $1,063.62. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $723,426.81, a price-to-earnings ratio of 34.86, a P/E/G ratio of 1.76 and a beta of 0.91.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period in the prior year, the business earned $9.06 EPS. equities analysts predict that Alphabet Inc. will post 32.15 earnings per share for the current year.

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A number of equities research analysts recently commented on the company. B. Riley reiterated a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a research report on Sunday, July 30th. MKM Partners reiterated a “buy” rating and issued a $1,210.00 target price (up previously from $1,170.00) on shares of Alphabet in a research report on Thursday, August 10th. Cowen and Company reiterated an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a research report on Thursday, August 10th. UBS AG reiterated a “buy” rating and issued a $1,080.00 target price (up previously from $1,050.00) on shares of Alphabet in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $1,200.00 target price on shares of Alphabet in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $1,088.53.

Alphabet Company Profile

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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