Delaney Dennis R Has $1.94 Million Holdings in Alphabet Inc (NASDAQ:GOOGL)

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Delaney Dennis R lessened its stake in Alphabet Inc (NASDAQ:GOOGL) by 1.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,450 shares of the information services provider’s stock after selling 23 shares during the quarter. Alphabet accounts for 2.5% of Delaney Dennis R’s holdings, making the stock its 17th biggest position. Delaney Dennis R’s holdings in Alphabet were worth $1,942,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in Alphabet by 5.1% during the fourth quarter. Larson Financial Group LLC now owns 145 shares of the information services provider’s stock worth $194,000 after acquiring an additional 7 shares in the last quarter. DAGCO Inc. raised its position in Alphabet by 0.6% during the third quarter. DAGCO Inc. now owns 1,282 shares of the information services provider’s stock worth $1,565,000 after acquiring an additional 8 shares in the last quarter. First Heartland Consultants Inc. raised its position in Alphabet by 3.8% during the third quarter. First Heartland Consultants Inc. now owns 217 shares of the information services provider’s stock worth $265,000 after acquiring an additional 8 shares in the last quarter. Chemung Canal Trust Co. raised its position in Alphabet by 1.9% during the fourth quarter. Chemung Canal Trust Co. now owns 434 shares of the information services provider’s stock worth $581,000 after acquiring an additional 8 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its position in Alphabet by 0.6% during the fourth quarter. Archford Capital Strategies LLC now owns 1,363 shares of the information services provider’s stock worth $1,826,000 after acquiring an additional 8 shares in the last quarter. Institutional investors own 33.55% of the company’s stock.

GOOGL stock opened at $1,439.20 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78. The company’s 50-day simple moving average is $1,356.66 and its 200 day simple moving average is $1,248.24. Alphabet Inc has a 52 week low of $1,027.03 and a 52 week high of $1,442.63. 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.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the Thomson Reuters’ 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 quarter last year, the company posted $13.06 earnings per share. On average, analysts forecast that Alphabet Inc will post 49.03 EPS for the current year.

Several analysts have issued reports on the stock. Citigroup reaffirmed a “buy” rating and set a $1,500.00 price target (up from $1,450.00) on shares of Alphabet in a research report on Tuesday, December 3rd. Credit Suisse Group reaffirmed an “outperform” rating and set a $1,700.00 price target (up from $1,500.00) on shares of Alphabet in a research report on Wednesday, October 23rd. They noted that the move was a valuation call. Guggenheim dropped their price target on shares of Alphabet from $1,525.00 to $1,460.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Monness Crespi & Hardt set a $1,360.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group upped their price target on shares of Alphabet from $1,500.00 to $1,550.00 in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and thirty-nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $1,438.05.

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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