Capital Bank & Trust Co cut its position in Alphabet Inc (NASDAQ:GOOGL) by 0.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 159,890 shares of the information services provider’s stock after selling 1,446 shares during the period. Alphabet makes up about 2.8% of Capital Bank & Trust Co’s investment portfolio, making the stock its 4th largest position. Capital Bank & Trust Co’s holdings in Alphabet were worth $214,155,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of GOOGL. TFO TDC LLC acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $32,000. BigSur Wealth Management LLC bought a new stake in Alphabet in the 4th quarter valued at $33,000. Cedar Mountain Advisors LLC bought a new stake in Alphabet in the 4th quarter valued at $35,000. Lloyd Advisory Services LLC. acquired a new position in Alphabet in the 4th quarter valued at $43,000. Finally, Regal Wealth Group Inc. grew its holdings in Alphabet by 55.2% in the 4th quarter. Regal Wealth Group Inc. now owns 45 shares of the information services provider’s stock valued at $60,000 after buying an additional 16 shares in the last quarter. Institutional investors and hedge funds own 35.06% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Bernstein Bank initiated coverage on Alphabet in a report on Friday, January 10th. They set an “outperform” rating and a $1,600.00 target price for the company. Mizuho restated a “buy” rating and issued a $1,650.00 price target (up from $1,450.00) on shares of Alphabet in a research note on Monday, January 27th. Cleveland Research began coverage on shares of Alphabet in a research report on Friday, December 20th. They set a “neutral” rating and a $1,423.00 price target on the stock. Pivotal Research reiterated a “buy” rating and issued a $1,700.00 price objective (up previously from $1,650.00) on shares of Alphabet in a research note on Tuesday, February 4th. Finally, Independent Research upgraded shares of Alphabet to a “buy” rating and set a $1,520.00 price objective for the company in a research note on Friday, March 13th. Six analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and an average price target of $1,511.24.
GOOGL stock traded up $28.64 during trading on Thursday, reaching $1,129.49. 1,087,975 shares of the company were exchanged, compared to its average volume of 3,527,460. The company has a market capitalization of $776.28 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 1.35 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 3.35. The company has a 50-day moving average of $1,340.36 and a two-hundred day moving average of $1,320.25. Alphabet Inc has a twelve month low of $1,008.87 and a twelve month high of $1,530.74.
Alphabet (NASDAQ:GOOGL) last posted its earnings results on Monday, February 3rd. The information services provider reported $15.35 earnings per share for the quarter, topping analysts’ consensus estimates of $12.76 by $2.59. The firm had revenue of $37.57 billion for the quarter, compared to analysts’ expectations of $38.44 billion. Alphabet had a net margin of 21.22% and a return on equity of 18.66%. During the same quarter in the previous year, the firm posted $12.77 earnings per share. On average, analysts forecast that Alphabet Inc will post 52.67 EPS for the current year.
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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