Alphabet Inc. (GOOGL) Holdings Trimmed by Golub Group LLC

Golub Group LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,862 shares of the information services provider’s stock after selling 553 shares during the quarter. Alphabet comprises about 5.0% of Golub Group LLC’s portfolio, making the stock its 4th biggest position. Golub Group LLC’s holdings in Alphabet were worth $54,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in shares of Alphabet by 2.0% during the third quarter. Legal & General Group Plc now owns 1,471,048 shares of the information services provider’s stock valued at $1,432,311,000 after purchasing an additional 29,217 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Alphabet by 13.8% during the fourth quarter. Bank of Montreal Can now owns 1,188,378 shares of the information services provider’s stock valued at $1,251,837,000 after purchasing an additional 144,201 shares during the last quarter. Edgewood Management LLC boosted its stake in Alphabet by 32.2% in the third quarter. Edgewood Management LLC now owns 1,120,023 shares of the information services provider’s stock valued at $1,090,589,000 after acquiring an additional 272,851 shares during the last quarter. Swiss National Bank boosted its stake in Alphabet by 0.3% in the fourth quarter. Swiss National Bank now owns 1,117,989 shares of the information services provider’s stock valued at $1,177,690,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Alphabet by 3.9% in the fourth quarter. Fisher Asset Management LLC now owns 1,105,876 shares of the information services provider’s stock valued at $1,164,930,000 after acquiring an additional 41,538 shares during the last quarter. 33.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:GOOGL opened at $1,075.31 on Wednesday. Alphabet Inc. has a 12 month low of $915.31 and a 12 month high of $1,198.00. The company has a current ratio of 4.87, a quick ratio of 4.85 and a debt-to-equity ratio of 0.02. The firm has a market cap of $753.33 billion, a P/E ratio of 33.55, a P/E/G ratio of 1.55 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, April 23rd. The information services provider reported $9.93 EPS for the quarter, topping analysts’ consensus estimates of $9.21 by $0.72. Alphabet had a net margin of 14.19% and a return on equity of 15.58%. The business had revenue of $24.86 billion for the quarter, compared to analyst estimates of $24.20 billion. During the same period last year, the business posted $7.73 earnings per share. research analysts predict that Alphabet Inc. will post 40.75 earnings per share for the current fiscal year.

Alphabet announced that its Board of Directors has approved a share repurchase program on Thursday, February 1st that authorizes the company to buyback $8.59 billion in outstanding shares. This buyback authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

GOOGL has been the topic of a number of recent research reports. Barclays raised their price objective on shares of Alphabet from $1,260.00 to $1,330.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Vetr raised shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,192.20 price objective on the stock in a research note on Friday, March 23rd. B. Riley raised their price objective on shares of Alphabet from $1,200.00 to $1,375.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Deutsche Bank reaffirmed a “buy” rating and issued a $1,400.00 price objective on shares of Alphabet in a research note on Monday, January 29th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Alphabet in a research note on Tuesday, April 24th. Five research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,201.44.

About Alphabet

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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