Alphabet Inc. (GOOGL) Shares Sold by Marshall Wace LLP
Marshall Wace LLP reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 25.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,844 shares of the information services provider’s stock after selling 29,064 shares during the period. Alphabet makes up about 3.5% of Marshall Wace LLP’s investment portfolio, making the stock its 4th biggest position. Marshall Wace LLP’s holdings in Alphabet were worth $78,905,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Novare Capital Management LLC lifted its holdings in Alphabet by 0.9% in the second quarter. Novare Capital Management LLC now owns 8,590 shares of the information services provider’s stock valued at $7,986,000 after buying an additional 80 shares during the period. Camelot Portfolios LLC acquired a new position in Alphabet in the second quarter valued at approximately $211,000. Country Trust Bank acquired a new position in Alphabet in the second quarter valued at approximately $44,071,000. Girard Partners LTD. lifted its holdings in Alphabet by 10.7% in the first quarter. Girard Partners LTD. now owns 4,528 shares of the information services provider’s stock valued at $3,839,000 after buying an additional 439 shares during the period. Finally, Anchor Capital Advisors LLC lifted its holdings in Alphabet by 3.0% in the second quarter. Anchor Capital Advisors LLC now owns 378 shares of the information services provider’s stock valued at $351,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 33.68% of the company’s stock.
Several research firms have weighed in on GOOGL. B. Riley reiterated a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Sunday, July 30th. Cowen and Company reiterated an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a report on Thursday, August 10th. Bank of America Corporation reiterated a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a report on Tuesday, September 26th. Wells Fargo & Company reiterated an “outperform” rating and issued a $1,250.00 target price on shares of Alphabet in a report on Wednesday, September 27th. Finally, SunTrust Banks, Inc. began coverage on shares of Alphabet in a report on Tuesday, August 15th. They issued a “buy” rating and a $1,100.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and an average target price of $1,088.53.
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Alphabet Inc. (NASDAQ:GOOGL) opened at $1,034.66 on Tuesday. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1-year low of $753.36 and a 1-year high of $1,063.62. The company has a market cap of $711,900.00, a PE ratio of 34.68, a price-to-earnings-growth ratio of 1.74 and a beta of 0.91.
Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same period last year, the firm earned $9.06 EPS. equities research analysts predict that Alphabet Inc. will post 32.34 earnings per share for the current year.
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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