Stewart & Patten Co. LLC cut its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 15.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 561 shares of the information services provider’s stock after selling 103 shares during the period. Stewart & Patten Co. LLC’s holdings in Alphabet were worth $752,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Roof Eidam & Maycock ADV purchased a new stake in shares of Alphabet during the 3rd quarter valued at $33,000. Garrett Wealth Advisory Group LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at $39,000. Vista Private Wealth Partners. LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at $60,000. Investors Research Corp increased its position in shares of Alphabet by 72.4% during the 3rd quarter. Investors Research Corp now owns 50 shares of the information services provider’s stock valued at $61,000 after purchasing an additional 21 shares during the last quarter. Finally, Enterprise Trust & Investment Co increased its position in shares of Alphabet by 256.3% during the 3rd quarter. Enterprise Trust & Investment Co now owns 57 shares of the information services provider’s stock valued at $70,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 33.55% of the company’s stock.
NASDAQ GOOGL traded up $13.56 during trading hours on Friday, hitting $1,463.72. The company had a trading volume of 743,466 shares, compared to its average volume of 1,268,867. Alphabet Inc has a 52 week low of $1,027.03 and a 52 week high of $1,442.63. The firm has a 50 day simple moving average of $1,359.43 and a 200 day simple moving average of $1,250.12. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78. The firm has a market capitalization of $1,000.16 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 1.56 and a beta of 1.01.
Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the consensus estimate of $12.42 by ($2.30). Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The company had revenue of $33.01 billion during the quarter, compared to the consensus estimate of $32.84 billion. During the same quarter in the prior year, the business earned $13.06 EPS. On average, research analysts forecast that Alphabet Inc will post 49.03 earnings per share for the current year.
Several equities research analysts have recently issued reports on the company. UBS Group raised their target price on Alphabet from $1,460.00 to $1,675.00 and gave the company a “positive” rating in a research report on Friday. Pivotal Research reaffirmed a “buy” rating and set a $1,650.00 target price on shares of Alphabet in a research report on Friday. Sanford C. Bernstein assumed coverage on Alphabet in a research report on Friday, January 10th. They set an “outperform” rating and a $1,600.00 target price for the company. Bank of America reaffirmed a “buy” rating and set a $1,450.00 target price on shares of Alphabet in a research report on Thursday, October 24th. Finally, Bernstein Bank began coverage on Alphabet in a research report on Friday, January 10th. They set an “outperform” rating and a $1,600.00 target price for the company. Six research analysts have rated the stock with a hold rating and forty have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $1,451.70.
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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