Alphabet Inc (NASDAQ:GOOGL) Shares Sold by Kidder Stephen W

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Kidder Stephen W lowered its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,982 shares of the information services provider’s stock after selling 225 shares during the period. Alphabet makes up about 3.4% of Kidder Stephen W’s investment portfolio, making the stock its 7th largest position. Kidder Stephen W’s holdings in Alphabet were worth $9,351,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gardiner Nancy B grew its stake in shares of Alphabet by 0.8% in the 4th quarter. Gardiner Nancy B now owns 1,502 shares of the information services provider’s stock valued at $2,011,000 after purchasing an additional 12 shares during the last quarter. Elefante Mark B raised its stake in shares of Alphabet by 8.6% during the fourth quarter. Elefante Mark B now owns 812 shares of the information services provider’s stock worth $1,087,000 after purchasing an additional 64 shares during the last quarter. Gradient Investments LLC raised its stake in shares of Alphabet by 2.4% during the fourth quarter. Gradient Investments LLC now owns 1,171 shares of the information services provider’s stock worth $1,568,000 after purchasing an additional 28 shares during the last quarter. Gillespie Robinson & Grimm Inc. raised its stake in shares of Alphabet by 2.8% during the fourth quarter. Gillespie Robinson & Grimm Inc. now owns 11,912 shares of the information services provider’s stock worth $15,955,000 after purchasing an additional 328 shares during the last quarter. Finally, Eidelman Virant Capital lifted its holdings in shares of Alphabet by 100.5% during the fourth quarter. Eidelman Virant Capital now owns 399 shares of the information services provider’s stock worth $534,000 after purchasing an additional 200 shares during the period. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:GOOGL opened at $1,439.20 on Thursday. The company has a market capitalization of $986.66 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.01. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 52-week low of $1,027.03 and a 52-week high of $1,442.63. The stock has a fifty day simple moving average of $1,356.66 and a 200-day simple moving average of $1,248.24.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the Zacks’ consensus estimate of $12.42 by ($2.30). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The business had revenue of $33.01 billion during the quarter, compared to analyst estimates of $32.84 billion. During the same period in the previous year, the company posted $13.06 earnings per share. As a group, equities analysts anticipate that Alphabet Inc will post 49.03 earnings per share for the current year.

A number of equities analysts recently weighed in on GOOGL shares. Robert W. Baird reiterated a “buy” rating and issued a $1,400.00 price objective on shares of Alphabet in a research report on Thursday, December 19th. Citigroup restated a “buy” rating and set a $1,500.00 price objective (up previously from $1,450.00) on shares of Alphabet in a research report on Tuesday, December 3rd. KeyCorp raised their target price on shares of Alphabet from $1,516.00 to $1,546.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Monness Crespi & Hardt set a $1,360.00 target price on shares of Alphabet and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Evercore ISI reaffirmed a “positive” rating and issued a $1,600.00 target price (up previously from $1,350.00) on shares of Alphabet in a report on Monday. Six investment analysts have rated the stock with a hold rating and thirty-nine have given a buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and an average price target of $1,438.05.

About Alphabet

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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