Moseley Investment Management Inc. decreased its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,943 shares of the information services provider’s stock after selling 62 shares during the period. Alphabet accounts for 2.6% of Moseley Investment Management Inc.’s holdings, making the stock its 5th biggest position. Moseley Investment Management Inc.’s holdings in Alphabet were worth $2,602,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in GOOGL. Pacific Wealth Strategies Group Inc. increased its stake in Alphabet by 2.7% during the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 3,283 shares of the information services provider’s stock valued at $4,009,000 after purchasing an additional 87 shares in the last quarter. LS Investment Advisors LLC lifted its stake in shares of Alphabet by 1.3% during the third quarter. LS Investment Advisors LLC now owns 11,835 shares of the information services provider’s stock worth $14,452,000 after buying an additional 151 shares during the period. Prentiss Smith & Co. Inc. acquired a new stake in shares of Alphabet during the third quarter worth $201,000. Arjuna Capital grew its holdings in shares of Alphabet by 3.4% during the second quarter. Arjuna Capital now owns 5,206 shares of the information services provider’s stock valued at $5,637,000 after buying an additional 170 shares during the last quarter. Finally, Michael & Susan Dell Foundation grew its holdings in shares of Alphabet by 107.8% during the third quarter. Michael & Susan Dell Foundation now owns 5,127 shares of the information services provider’s stock valued at $6,261,000 after buying an additional 2,660 shares during the last quarter. Institutional investors own 33.55% of the company’s stock.
A number of equities analysts recently issued reports on the company. Royal Bank of Canada raised their target price on Alphabet from $1,425.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,322.00 price target on the stock in a research note on Friday, October 25th. Tigress Financial reissued a “buy” rating on shares of Alphabet in a report on Friday, November 22nd. Evercore ISI restated a “positive” rating and issued a $1,600.00 price objective (up from $1,350.00) on shares of Alphabet in a research note on Monday. Finally, Credit Suisse Group restated an “outperform” rating and issued a $1,700.00 price objective (up 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. Six equities research analysts have rated the stock with a hold rating and thirty-nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,438.05.
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 firm had revenue of $33.01 billion for the quarter, compared to analyst estimates of $32.84 billion. During the same quarter in the prior year, the business posted $13.06 EPS. Equities analysts expect that Alphabet Inc will post 49.03 EPS for the current year.
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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