Meag Munich Ergo Kapitalanlagegesellschaft MBH reduced its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 84.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,148 shares of the information services provider’s stock after selling 6,422 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Alphabet were worth $1,212,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Armstrong Henry H Associates Inc. increased its stake in Alphabet by 23.3% in the third quarter. Armstrong Henry H Associates Inc. now owns 576 shares of the information services provider’s stock worth $695,000 after purchasing an additional 109 shares during the period. Cullinan Associates Inc. grew its position in shares of Alphabet by 5.5% during the 3rd quarter. Cullinan Associates Inc. now owns 13,469 shares of the information services provider’s stock worth $16,258,000 after buying an additional 701 shares in the last quarter. Jackson Financial Management bought a new position in shares of Alphabet during the 3rd quarter worth $220,000. West Coast Financial LLC grew its position in shares of Alphabet by 9.3% during the 3rd quarter. West Coast Financial LLC now owns 6,551 shares of the information services provider’s stock worth $7,908,000 after buying an additional 560 shares in the last quarter. Finally, Abner Herrman & Brock LLC grew its position in shares of Alphabet by 4.4% during the 3rd quarter. Abner Herrman & Brock LLC now owns 1,127 shares of the information services provider’s stock worth $1,360,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 33.51% of the company’s stock.
Alphabet stock traded down $19.62 during midday trading on Wednesday, reaching $1,119.94. The company’s stock had a trading volume of 1,585,678 shares, compared to its average volume of 1,643,895. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.93 and a current ratio of 3.96. Alphabet Inc has a 52-week low of $977.66 and a 52-week high of $1,296.97. The stock has a market cap of $777.51 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, beating analysts’ consensus estimates of $10.56 by $1.34. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The company had revenue of $29.48 billion during the quarter, compared to analysts’ expectations of $29.99 billion. During the same period last year, the business posted $13.33 earnings per share. As a group, sell-side analysts predict that Alphabet Inc will post 48.44 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the company. Nomura dropped their price target on Alphabet from $1,310.00 to $1,300.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Stifel Nicolaus downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price target on the stock. in a research report on Tuesday, April 30th. JMP Securities reissued an “outperform” rating and set a $1,375.00 price target (up previously from $1,300.00) on shares of Alphabet in a research report on Tuesday, April 30th. Morgan Stanley dropped their price target on Alphabet from $1,500.00 to $1,425.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 30th. They noted that the move was a valuation call. Finally, BMO Capital Markets raised their price objective on Alphabet from $1,100.00 to $1,200.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,323.74.
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Alphabet Company 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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