Newman Dignan & Sheerar Inc. Trims Stake in Alphabet Inc (NASDAQ:GOOGL)

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Newman Dignan & Sheerar Inc. lowered its holdings in Alphabet Inc (NASDAQ:GOOGL) by 1.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,199 shares of the information services provider’s stock after selling 50 shares during the period. Alphabet makes up 0.5% of Newman Dignan & Sheerar Inc.’s holdings, making the stock its 17th biggest holding. Newman Dignan & Sheerar Inc.’s holdings in Alphabet were worth $4,285,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Eagle Capital Management LLC increased its stake in Alphabet by 0.6% in the second quarter. Eagle Capital Management LLC now owns 3,050 shares of the information services provider’s stock valued at $3,303,000 after purchasing an additional 17 shares during the last quarter. Kanawha Capital Management LLC lifted its position in Alphabet by 2.5% during the second quarter. Kanawha Capital Management LLC now owns 6,015 shares of the information services provider’s stock worth $6,513,000 after buying an additional 146 shares during the period. Pictet Asset Management Ltd. lifted its position in Alphabet by 1.2% during the second quarter. Pictet Asset Management Ltd. now owns 288,868 shares of the information services provider’s stock worth $312,786,000 after buying an additional 3,342 shares during the period. Sterling Capital Management LLC lifted its position in Alphabet by 0.3% during the second quarter. Sterling Capital Management LLC now owns 8,450 shares of the information services provider’s stock worth $9,150,000 after buying an additional 28 shares during the period. Finally, VisionPoint Advisory Group LLC acquired a new stake in Alphabet in the 2nd quarter worth about $249,000. 33.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of GOOGL opened at $1,439.20 on Thursday. Alphabet Inc has a 12 month low of $1,027.03 and a 12 month high of $1,442.63. The stock’s 50-day moving average is $1,356.66 and its two-hundred day moving average is $1,248.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75. The stock has a market cap of $986.66 billion, a PE ratio of 30.29, a P/E/G ratio of 1.56 and a beta of 1.01.

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

Several research firms have commented on GOOGL. Bernstein Bank initiated coverage on shares of Alphabet in a research note on Friday, January 10th. They set an “outperform” rating and a $1,600.00 price objective for the company. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,322.00 price objective on the stock in a report on Friday, October 25th. Robert W. Baird reissued a “buy” rating and issued a $1,400.00 target price on shares of Alphabet in a research report on Thursday, December 19th. Citigroup reaffirmed a “buy” rating and set a $1,500.00 price target (up previously from $1,450.00) on shares of Alphabet in a research report on Tuesday, December 3rd. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $1,400.00 price target on shares of Alphabet in a research note on Monday, October 28th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and thirty-nine have given a buy rating to the company. Alphabet currently has an average rating of “Buy” and an average 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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