Baldwin Investment Management LLC reduced its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,224 shares of the information services provider’s stock after selling 60 shares during the period. Baldwin Investment Management LLC’s holdings in Alphabet were worth $970,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of GOOGL. State Street Corp increased its position in Alphabet by 3.0% in the fourth quarter. State Street Corp now owns 11,804,134 shares of the information services provider’s stock valued at $9,354,187,000 after buying an additional 342,368 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Alphabet by 5.2% in the third quarter. Bank of New York Mellon Corp now owns 4,309,629 shares of the information services provider’s stock worth $3,465,200,000 after buying an additional 213,418 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Alphabet by 3.3% in the third quarter. BlackRock Fund Advisors now owns 3,953,779 shares of the information services provider’s stock worth $3,179,076,000 after buying an additional 124,684 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Alphabet by 1.5% in the third quarter. Fisher Asset Management LLC now owns 1,010,042 shares of the information services provider’s stock worth $812,135,000 after buying an additional 14,723 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Alphabet by 4.4% in the third quarter. Nordea Investment Management AB now owns 950,937 shares of the information services provider’s stock worth $764,610,000 after buying an additional 40,092 shares in the last quarter. 34.98% of the stock is currently owned by institutional investors.
Shares of Alphabet Inc (NASDAQ:GOOGL) traded down 0.13% during trading on Friday, reaching $858.95. 1,160,645 shares of the company traded hands. The firm’s 50 day moving average is $851.85 and its 200-day moving average is $822.85. Alphabet Inc has a 12-month low of $672.66 and a 12-month high of $874.42. The stock has a market capitalization of $593.90 billion, a P/E ratio of 30.81 and a beta of 0.98.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, January 26th. The information services provider reported $9.36 EPS for the quarter, beating the consensus estimate of $7.65 by $1.71. The business had revenue of $21.22 billion for the quarter, compared to the consensus estimate of $20.58 billion. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. During the same period in the prior year, the firm earned $8.67 EPS. On average, equities research analysts anticipate that Alphabet Inc will post $33.33 earnings per share for the current fiscal year.
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A number of equities research analysts recently issued reports on the company. B. Riley reissued a “buy” rating and set a $990.00 price target on shares of Alphabet in a research report on Wednesday, February 1st. Loop Capital assumed coverage on Alphabet in a research report on Friday, March 31st. They set a “hold” rating and a $800.00 price target on the stock. Jefferies Group LLC reissued a “buy” rating and set a $1,000.00 price target on shares of Alphabet in a research report on Tuesday. Canaccord Genuity increased their price target on Alphabet from $925.00 to $950.00 and gave the stock a “buy” rating in a research report on Friday, January 27th. Finally, William Blair reissued an “outperform” rating on shares of Alphabet in a research report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. Alphabet presently has an average rating of “Buy” and a consensus price target of $964.41.
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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