Alphabet Inc. (GOOGL) is Alleghany Corp DE’s 2nd Largest Position

Alleghany Corp DE lessened its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 315,887 shares of the information services provider’s stock after selling 1,113 shares during the period. Alphabet makes up about 9.9% of Alleghany Corp DE’s holdings, making the stock its 2nd largest position. Alleghany Corp DE’s holdings in Alphabet were worth $332,754,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GOOGL. Bingham Osborn & Scarborough LLC lifted its holdings in shares of Alphabet by 4.1% in the fourth quarter. Bingham Osborn & Scarborough LLC now owns 1,098 shares of the information services provider’s stock valued at $1,157,000 after purchasing an additional 43 shares in the last quarter. Valicenti Advisory Services Inc. lifted its holdings in shares of Alphabet by 0.9% in the fourth quarter. Valicenti Advisory Services Inc. now owns 4,872 shares of the information services provider’s stock valued at $5,132,000 after purchasing an additional 45 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its holdings in shares of Alphabet by 1.4% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 3,310 shares of the information services provider’s stock valued at $3,487,000 after purchasing an additional 45 shares in the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of Alphabet by 4.7% in the fourth quarter. Meridian Wealth Management LLC now owns 1,046 shares of the information services provider’s stock valued at $1,039,000 after purchasing an additional 47 shares in the last quarter. Finally, BLB&B Advisors LLC lifted its holdings in shares of Alphabet by 1.9% in the fourth quarter. BLB&B Advisors LLC now owns 2,553 shares of the information services provider’s stock valued at $2,689,000 after purchasing an additional 48 shares in the last quarter. 33.39% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on GOOGL. William Blair restated an “outperform” rating on shares of Alphabet in a report on Thursday, February 1st. Vetr upgraded Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,243.88 price target on the stock in a report on Monday, February 5th. Canaccord Genuity reiterated a “hold” rating on shares of Alphabet in a report on Tuesday, April 24th. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,330.00 price target on the stock in a report on Monday, January 29th. Finally, Stifel Nicolaus lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,150.00 price target on the stock. in a report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $1,201.44.

NASDAQ:GOOGL opened at $1,084.08 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.87 and a quick ratio of 4.85. Alphabet Inc. has a 1 year low of $915.31 and a 1 year high of $1,198.00. The firm has a market capitalization of $754.68 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 1.55 and a beta of 1.05.

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

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

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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