Alphabet Inc (GOOGL) Position Trimmed by Barber Financial Group Inc.

Barber Financial Group Inc. decreased its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 202 shares of the information services provider’s stock after selling 22 shares during the quarter. Barber Financial Group Inc.’s holdings in Alphabet were worth $211,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GOOGL. Vestor Capital LLC acquired a new position in Alphabet during the third quarter worth approximately $62,000. Lavaca Capital LLC acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $97,000. Sound Income Strategies LLC increased its holdings in shares of Alphabet by 71.4% in the fourth quarter. Sound Income Strategies LLC now owns 96 shares of the information services provider’s stock valued at $100,000 after purchasing an additional 40 shares during the period. Parkside Investments LLC acquired a new position in shares of Alphabet in the third quarter valued at approximately $124,000. Finally, CX Institutional increased its holdings in shares of Alphabet by 93.1% in the fourth quarter. CX Institutional now owns 112 shares of the information services provider’s stock valued at $117,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 33.99% of the company’s stock.

GOOGL opened at $1,241.47 on Friday. The company has a current ratio of 3.92, a quick ratio of 3.89 and a debt-to-equity ratio of 0.02. The firm has a market cap of $863.05 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.44 and a beta of 1.05. Alphabet Inc has a one year low of $977.66 and a one year high of $1,291.44.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping the Zacks’ consensus estimate of $11.08 by $1.69. The company had revenue of $31.84 billion for the quarter, compared to the consensus estimate of $31.28 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. During the same period in the previous year, the business earned $9.70 earnings per share. On average, equities analysts anticipate that Alphabet Inc will post 47.49 earnings per share for the current year.

A number of research analysts have recently issued reports on GOOGL shares. Nomura reissued an “outperform” rating on shares of Alphabet in a report on Wednesday, February 6th. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,234.00 target price on the stock in a report on Monday, January 28th. Wells Fargo & Co set a $1,300.00 price target on Alphabet and gave the company a “buy” rating in a research note on Tuesday, February 5th. BMO Capital Markets decreased their price target on Alphabet to $1,100.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 5th. They noted that the move was a valuation call. Finally, Stifel Nicolaus decreased their price target on Alphabet from $1,400.00 to $1,300.00 and set a “buy” rating on the stock in a research note on Friday, January 25th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. Alphabet has an average rating of “Buy” and an average target price of $1,329.91.

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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.

See Also: Compound Annual Growth Rate (CAGR)

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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