American Century Companies Inc. Trims Stake in Alphabet Inc (GOOGL)

American Century Companies Inc. trimmed its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,282,245 shares of the information services provider’s stock after selling 67,985 shares during the period. Alphabet comprises about 2.2% of American Century Companies Inc.’s holdings, making the stock its 2nd biggest position. American Century Companies Inc.’s holdings in Alphabet were worth $2,222,268,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GOOGL. Koch Industries Inc. raised its position in shares of Alphabet by 181,219.4% during the 2nd quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock worth $1,085,000 after purchasing an additional 1,085,504 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in Alphabet by 65,026.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock worth $800,000 after acquiring an additional 742,602 shares during the period. Vanguard Group Inc. grew its stake in Alphabet by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after acquiring an additional 662,279 shares during the period. BlackRock Inc. grew its stake in Alphabet by 3.1% in the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after acquiring an additional 567,337 shares during the period. Finally, FMR LLC grew its stake in Alphabet by 2.1% in the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after acquiring an additional 367,634 shares during the period. Institutional investors own 33.55% of the company’s stock.

Alphabet Inc (NASDAQ:GOOGL) opened at $1,130.65 on Friday. Alphabet Inc has a 1-year low of $812.05 and a 1-year high of $1,131.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The company has a market cap of $783,260.00, a price-to-earnings ratio of 37.66, a price-to-earnings-growth ratio of 1.45 and a beta of 0.90.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping analysts’ consensus estimates of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same quarter in the previous year, the business posted $9.06 EPS. equities analysts expect that Alphabet Inc will post 32.34 earnings per share for the current fiscal year.

Several research firms have commented on GOOGL. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,248.00 target price for the company in a research note on Tuesday, January 9th. SunTrust Banks reaffirmed a “buy” rating and issued a $1,250.00 target price on shares of Alphabet in a research note on Friday. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,179.78 target price for the company in a research note on Monday, January 8th. Cowen lifted their target price on shares of Alphabet from $1,150.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $1,150.00 target price on shares of Alphabet in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,100.06.

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About Alphabet

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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