Blankinship & Foster LLC lessened its holdings in Alphabet Inc (NASDAQ:GOOGL) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 445 shares of the information services provider’s stock after selling 83 shares during the period. Alphabet comprises about 0.3% of Blankinship & Foster LLC’s portfolio, making the stock its 22nd largest holding. Blankinship & Foster LLC’s holdings in Alphabet were worth $469,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Odey Holdings AG boosted its holdings in Alphabet by 18.2% in the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after buying an additional 20 shares during the last quarter. Stelac Advisory Services LLC acquired a new stake in Alphabet in the 3rd quarter worth about $126,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Alphabet during the 3rd quarter worth approximately $137,000. Farmers National Bank boosted its holdings in shares of Alphabet by 3.3% during the 2nd quarter. Farmers National Bank now owns 155 shares of the information services provider’s stock worth $144,000 after purchasing an additional 5 shares during the last quarter. Finally, Hudock Capital Group LLC boosted its holdings in shares of Alphabet by 11.7% during the 2nd quarter. Hudock Capital Group LLC now owns 162 shares of the information services provider’s stock worth $150,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 34.38% of the company’s stock.
Several brokerages have recently weighed in on GOOGL. Wells Fargo restated a “buy” rating and set a $1,275.00 target price on shares of Alphabet in a report on Friday, February 2nd. Cowen boosted their target price on Alphabet from $1,150.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Oppenheimer boosted their target price on Alphabet from $1,180.00 to $1,340.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. William Blair restated an “outperform” rating on shares of Alphabet in a report on Thursday, February 1st. Finally, SunTrust Banks restated a “buy” rating and set a $1,250.00 target price on shares of Alphabet in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $1,180.37.
Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.12 by ($0.42). The firm had revenue of $25.87 billion during the quarter, compared to analysts’ expectations of $25.65 billion. Alphabet had a net margin of 11.42% and a return on equity of 14.94%. analysts anticipate that Alphabet Inc will post 41.21 EPS for the current year.
Alphabet announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 1st that permits the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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