Jacobs & Co. CA Has $7.61 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)


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Jacobs & Co. CA trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 3,688 shares of the information services provider’s stock after selling 111 shares during the period. Jacobs & Co. CA’s holdings in Alphabet were worth $7,606,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings in Alphabet by 0.9% in the 4th quarter. FMR LLC now owns 12,724,980 shares of the information services provider’s stock worth $22,302,309,000 after purchasing an additional 112,807 shares during the last quarter. Itau Unibanco Holding S.A. lifted its holdings in Alphabet by 44,364.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 7,551,846 shares of the information services provider’s stock worth $25,169,000 after purchasing an additional 7,534,862 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Alphabet by 6.6% in the 4th 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 purchasing an additional 447,141 shares during the last quarter. Norges Bank acquired a new stake in Alphabet in the 4th quarter worth approximately $9,523,211,000. Finally, Morgan Stanley lifted its holdings in Alphabet by 27.1% in the 4th quarter. Morgan Stanley now owns 3,271,179 shares of the information services provider’s stock worth $5,733,202,000 after purchasing an additional 697,236 shares during the last quarter. Institutional investors and hedge funds own 33.79% of the company’s stock.

Shares of GOOGL traded up $10.56 during trading hours on Thursday, hitting $2,249.59. 29,031 shares of the stock traded hands, compared to its average volume of 1,826,505. The company has a current ratio of 3.41, a quick ratio of 3.39 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 1-year low of $1,182.33 and a 1-year high of $2,244.50. The firm has a market capitalization of $1.52 trillion, a PE ratio of 43.27, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. The business has a fifty day moving average of $2,066.46 and a 200-day moving average of $1,812.59.

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

A number of research analysts have recently commented on the company. Piper Sandler upped their price target on Alphabet from $2,056.00 to $2,250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 3rd. UBS Group upped their price target on Alphabet from $2,050.00 to $2,300.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. JMP Securities upped their price target on Alphabet from $1,700.00 to $2,400.00 and gave the stock an “outperform” rating in a report on Wednesday, February 3rd. Robert W. Baird upped their price target on Alphabet to $2,000.00 in a report on Thursday, December 31st. Finally, JPMorgan Chase & Co. upped their price target on Alphabet from $1,870.00 to $2,050.00 and gave the stock an “overweight” rating in a report on Wednesday, December 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and forty-two have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $2,108.21.

About Alphabet

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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