Somerville Kurt F Sells 73 Shares of Alphabet Inc (NASDAQ:GOOGL)

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Somerville Kurt F trimmed its position in Alphabet Inc (NASDAQ:GOOGL) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,851 shares of the information services provider’s stock after selling 73 shares during the quarter. Alphabet makes up 3.5% of Somerville Kurt F’s portfolio, making the stock its 7th biggest position. Somerville Kurt F’s holdings in Alphabet were worth $18,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in GOOGL. Eagle Capital Management LLC grew its stake in Alphabet by 0.6% during the 2nd quarter. Eagle Capital Management LLC now owns 3,050 shares of the information services provider’s stock valued at $3,303,000 after acquiring an additional 17 shares in the last quarter. Kanawha Capital Management LLC lifted its position in shares of Alphabet by 2.5% in the second 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 in the last quarter. Pictet Asset Management Ltd. lifted its position in shares of Alphabet by 1.2% in the second 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 in the last quarter. Sterling Capital Management LLC lifted its position in shares of Alphabet by 0.3% in the second 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 in the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Alphabet during the second quarter worth approximately $249,000. 33.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of GOOGL stock opened at $1,439.20 on Thursday. The stock’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 twelve month low of $1,027.03 and a twelve month high of $1,442.63. 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 has a market capitalization of $986.66 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.56 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last announced 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). Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The company had revenue of $33.01 billion for the quarter, compared to the consensus estimate of $32.84 billion. During the same period in the previous year, the company earned $13.06 EPS. On average, analysts forecast that Alphabet Inc will post 49.03 EPS for the current fiscal year.

A number of research analysts recently commented on the stock. Raymond James reaffirmed an “outperform” rating on shares of Alphabet in a research report on Wednesday, October 30th. Evercore ISI reiterated a “positive” rating and issued a $1,600.00 target price (up previously from $1,350.00) on shares of Alphabet in a research report on Monday. KeyCorp lifted their target price on shares of Alphabet from $1,516.00 to $1,546.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. BMO Capital Markets set a $1,245.00 price target on shares of Alphabet and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Loop Capital upped their price target on shares of Alphabet to $1,450.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. 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 stock. Alphabet currently has a consensus 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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