Segall Bryant & Hamill LLC reduced its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.9% in the 4th quarter, HoldingsChannel reports. The fund owned 16,675 shares of the information services provider’s stock after selling 159 shares during the period. Segall Bryant & Hamill LLC’s holdings in Alphabet were worth $17,425,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. MUFG Securities EMEA plc increased its position in shares of Alphabet by 82,484.5% in the fourth quarter. MUFG Securities EMEA plc now owns 63,262,221 shares of the information services provider’s stock valued at $66,106,490,000 after buying an additional 63,185,618 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Alphabet by 103,543.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 54,899,064 shares of the information services provider’s stock valued at $53,000 after buying an additional 54,846,095 shares in the last quarter. FMR LLC increased its position in shares of Alphabet by 5.5% in the third quarter. FMR LLC now owns 16,434,628 shares of the information services provider’s stock valued at $19,837,909,000 after buying an additional 858,589 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Alphabet by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 3,825,248 shares of the information services provider’s stock worth $3,990,173,000 after acquiring an additional 252,414 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Alphabet by 4.1% in the fourth quarter. Northern Trust Corp now owns 3,782,363 shares of the information services provider’s stock worth $3,952,418,000 after acquiring an additional 148,429 shares during the last quarter. Institutional investors own 33.50% of the company’s stock.
GOOGL has been the topic of a number of research analyst reports. Pivotal Research initiated coverage on Alphabet in a research note on Wednesday, May 29th. They issued a “hold” rating and a $1,250.00 price target on the stock. JMP Securities reaffirmed an “outperform” rating and issued a $1,375.00 price target (up from $1,300.00) on shares of Alphabet in a research note on Tuesday, April 30th. Stifel Nicolaus lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price target on the stock. in a research note on Tuesday, April 30th. BMO Capital Markets lifted their price target on Alphabet from $1,100.00 to $1,200.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. They noted that the move was a valuation call. Finally, Nomura lowered their price target on Alphabet from $1,310.00 to $1,300.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,324.89.
NASDAQ GOOGL opened at $1,091.01 on Friday. The firm has a market cap of $749.16 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 1.27 and a beta of 1.04. The company has a current ratio of 3.96, a quick ratio of 3.93 and a debt-to-equity ratio of 0.02. Alphabet Inc has a fifty-two week low of $977.66 and a fifty-two week high of $1,296.97.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $10.56 by $1.34. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The business had revenue of $29.48 billion for the quarter, compared to analyst estimates of $29.99 billion. During the same quarter in the prior year, the company posted $13.33 EPS. Equities analysts anticipate that Alphabet Inc will post 48.44 EPS for the current year.
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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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