Alphabet Inc (NASDAQ:GOOGL) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC lowered its stake in Alphabet Inc (NASDAQ:GOOGL) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,502 shares of the information services provider’s stock after selling 8 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Alphabet were worth $2,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GOOGL. Massachusetts Financial Services Co. MA increased its holdings in shares of Alphabet by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,674,322 shares of the information services provider’s stock valued at $3,265,722,000 after acquiring an additional 31,372 shares during the last quarter. Johanson Financial Advisors Inc. increased its holdings in shares of Alphabet by 129,857.5% in the 4th quarter. Johanson Financial Advisors Inc. now owns 2,622,543 shares of the information services provider’s stock valued at $1,958,000 after acquiring an additional 2,620,525 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Alphabet by 3.2% in the 3rd quarter. Fisher Asset Management LLC now owns 1,469,383 shares of the information services provider’s stock valued at $1,794,323,000 after acquiring an additional 45,282 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Alphabet by 2.4% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,192,520 shares of the information services provider’s stock valued at $1,456,234,000 after acquiring an additional 27,942 shares during the last quarter. Finally, Veritas Asset Management LLP increased its holdings in shares of Alphabet by 4.4% in the 3rd quarter. Veritas Asset Management LLP now owns 1,073,876 shares of the information services provider’s stock valued at $1,311,353,000 after acquiring an additional 44,900 shares during the last quarter. 33.93% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on GOOGL. Mizuho restated a “buy” rating and set a $1,650.00 price target (up previously from $1,450.00) on shares of Alphabet in a research note on Monday, January 27th. Credit Suisse Group restated an “outperform” rating and set a $1,700.00 price target (up previously from $1,500.00) on shares of Alphabet in a research note on Wednesday, October 23rd. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating and set a $1,525.00 price target on shares of Alphabet in a research note on Friday, January 24th. Evercore ISI restated a “positive” rating and set a $1,600.00 price target (up previously from $1,350.00) on shares of Alphabet in a research note on Monday, January 13th. Finally, SunTrust Banks raised their price target on Alphabet to $1,600.00 and gave the stock a “positive” rating in a research note on Tuesday, February 4th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and forty have given a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus price target of $1,521.84.

Alphabet stock opened at $1,513.39 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.35 and a current ratio of 3.37. The stock has a fifty day moving average of $1,431.80 and a two-hundred day moving average of $1,296.03. The company has a market capitalization of $1,049.74 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 1.69 and a beta of 1.02. Alphabet Inc has a fifty-two week low of $1,027.03 and a fifty-two week high of $1,529.88.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, February 3rd. The information services provider reported $15.35 earnings per share for the quarter, topping the consensus estimate of $12.76 by $2.59. The company had revenue of $37.57 billion during the quarter, compared to the consensus estimate of $38.44 billion. Alphabet had a return on equity of 18.66% and a net margin of 21.22%. During the same quarter last year, the business posted $12.77 earnings per share. On average, analysts forecast that Alphabet Inc will post 54.5 EPS for the current fiscal year.

Alphabet Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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