Cwm LLC Has $2.13 Million Stake in Alphabet Inc. (GOOGL)

CWM LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 24.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,021 shares of the information services provider’s stock after selling 639 shares during the quarter. CWM LLC’s holdings in Alphabet were worth $2,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GOOGL. Beach Investment Management LLC. boosted its stake in shares of Alphabet by 899.9% during the 2nd quarter. Beach Investment Management LLC. now owns 25,498 shares of the information services provider’s stock worth $23,705,000 after acquiring an additional 22,948 shares in the last quarter. Colorado Capital Management Inc. bought a new stake in shares of Alphabet during the 2nd quarter worth about $266,000. DE Burlo Group Inc. boosted its stake in shares of Alphabet by 9.6% during the 2nd quarter. DE Burlo Group Inc. now owns 14,174 shares of the information services provider’s stock worth $13,177,000 after acquiring an additional 1,240 shares in the last quarter. Hartland & Co. LLC boosted its stake in shares of Alphabet by 4.3% during the 2nd quarter. Hartland & Co. LLC now owns 4,143 shares of the information services provider’s stock worth $3,851,000 after acquiring an additional 172 shares in the last quarter. Finally, Bridgewater Wealth & Financial Management LLC boosted its stake in shares of Alphabet by 7.7% during the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 4,762 shares of the information services provider’s stock worth $4,427,000 after acquiring an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 34.38% of the company’s stock.

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Several research firms have recently issued reports on GOOGL. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,330.00 price target for the company in a research note on Monday, January 29th. Deutsche Bank reiterated a “buy” rating and set a $1,400.00 price target on shares of Alphabet in a research note on Monday, January 29th. Morgan Stanley reiterated an “overweight” rating and set a $1,215.00 price target (up previously from $1,210.00) on shares of Alphabet in a research note on Friday, January 26th. Monness Crespi & Hardt reiterated a “buy” rating and set a $1,250.00 price target (up previously from $1,120.00) on shares of Alphabet in a research note on Monday, January 29th. Finally, Vetr upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,243.88 price target for the company in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $1,180.20.

Shares of GOOGL stock traded down $22.69 during trading hours on Friday, hitting $1,009.95. The company had a trading volume of 2,006,683 shares, compared to its average volume of 2,557,844. Alphabet Inc. has a 12 month low of $834.60 and a 12 month high of $1,198.00. The firm has a market cap of $717,460.75, a P/E ratio of 31.51, a P/E/G ratio of 1.10 and a beta of 1.05. The company has a current ratio of 5.14, a quick ratio of 5.11 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing the consensus estimate of $10.12 by ($0.42). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The company had revenue of $25.87 billion during the quarter, compared to the consensus estimate of $25.65 billion. sell-side analysts forecast that Alphabet Inc. will post 41.21 EPS for the current year.

Alphabet announced that its board has authorized a stock repurchase plan on Thursday, February 1st that authorizes the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

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Alphabet 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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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