F&V Capital Management LLC Has $5.74 Million Position in Alphabet Inc (NASDAQ:GOOGL)

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F&V Capital Management LLC reduced its stake in Alphabet Inc (NASDAQ:GOOGL) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,283 shares of the information services provider’s stock after selling 96 shares during the period. Alphabet comprises approximately 3.1% of F&V Capital Management LLC’s investment portfolio, making the stock its 14th largest position. F&V Capital Management LLC’s holdings in Alphabet were worth $5,737,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GOOGL. Eagle Capital Management LLC boosted its stake in Alphabet by 0.6% in the 2nd quarter. Eagle Capital Management LLC now owns 3,050 shares of the information services provider’s stock worth $3,303,000 after purchasing an additional 17 shares during the period. Kanawha Capital Management LLC boosted its stake in Alphabet by 2.5% in the 2nd quarter. Kanawha Capital Management LLC now owns 6,015 shares of the information services provider’s stock worth $6,513,000 after purchasing an additional 146 shares during the period. Pictet Asset Management Ltd. boosted its stake in Alphabet by 1.2% in the 2nd quarter. Pictet Asset Management Ltd. now owns 288,868 shares of the information services provider’s stock worth $312,786,000 after purchasing an additional 3,342 shares during the period. Sterling Capital Management LLC boosted its stake in Alphabet by 0.3% in the 2nd quarter. Sterling Capital Management LLC now owns 8,450 shares of the information services provider’s stock worth $9,150,000 after purchasing an additional 28 shares during the period. Finally, VisionPoint Advisory Group LLC acquired a new position in Alphabet in the 2nd quarter worth approximately $249,000. Institutional investors own 33.55% of the company’s stock.

A number of equities analysts recently commented on GOOGL shares. Credit Suisse Group reaffirmed an “outperform” rating and issued a $1,700.00 price objective (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. Robert W. Baird reaffirmed a “buy” rating and issued a $1,400.00 price objective on shares of Alphabet in a research note on Thursday, December 19th. Stifel Nicolaus raised shares of Alphabet from a “hold” rating to a “buy” rating and raised their price objective for the stock from $1,325.00 to $1,525.00 in a research note on Thursday, December 5th. Sanford C. Bernstein assumed coverage on shares of Alphabet in a research note on Friday, January 10th. They issued an “outperform” rating and a $1,600.00 price objective for the company. Finally, Canaccord Genuity raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and thirty-nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $1,438.05.

Alphabet stock opened at $1,439.20 on Thursday. The company has a market capitalization of $986.66 billion, a P/E ratio of 30.29, a P/E/G ratio of 1.56 and a beta of 1.01. The firm’s fifty day simple moving average is $1,356.66 and its 200-day simple moving average is $1,248.24. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 1-year low of $1,027.03 and a 1-year high of $1,442.63.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing analysts’ consensus estimates of $12.42 by ($2.30). The business had revenue of $33.01 billion for the quarter, compared to the consensus estimate of $32.84 billion. Alphabet had a net margin of 21.04% and a return on equity of 18.34%. During the same quarter in the prior year, the business posted $13.06 EPS. On average, equities research analysts predict that Alphabet Inc will post 49.03 earnings per share for the current year.

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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