Alphabet Inc. (GOOGL) is Boston Advisors LLC’s 3rd Largest Position

Boston Advisors LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.1% during the first quarter, Holdings Channel reports. The firm owned 125,471 shares of the information services provider’s stock after selling 4,025 shares during the period. Alphabet comprises 2.5% of Boston Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Boston Advisors LLC’s holdings in Alphabet were worth $106,374,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. First Command Bank bought a new stake in shares of Alphabet during the fourth quarter worth approximately $123,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Alphabet during the fourth quarter worth approximately $127,000. Fusion Family Wealth LLC bought a new stake in shares of Alphabet during the fourth quarter worth approximately $139,000. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Alphabet by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 170 shares of the information services provider’s stock worth $135,000 after buying an additional 1 shares during the period. Finally, Elgethun Capital Management bought a new stake in shares of Alphabet during the fourth quarter worth approximately $163,000. 34.72% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Alphabet Inc. (GOOGL) opened at 958.62 on Friday. The firm has a market cap of $663.12 billion, a P/E ratio of 32.39 and a beta of 0.96. Alphabet Inc. has a 52-week low of $672.66 and a 52-week high of $1,008.61. The stock has a 50 day moving average price of $967.45 and a 200 day moving average price of $868.27.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, April 27th. The information services provider reported $7.73 EPS for the quarter, topping analysts’ consensus estimates of $7.24 by $0.49. The company had revenue of $20.12 billion for the quarter, compared to analysts’ expectations of $19.65 billion. Alphabet had a net margin of 21.84% and a return on equity of 15.16%. During the same quarter in the previous year, the firm posted $7.50 EPS. Equities analysts predict that Alphabet Inc. will post $33.98 earnings per share for the current fiscal year.

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A number of equities research analysts recently commented on GOOGL shares. Wedbush reaffirmed an “underperform” rating on shares of Alphabet in a research note on Wednesday, February 22nd. Canaccord Genuity reaffirmed a “buy” rating and set a $950.00 price objective on shares of Alphabet in a research note on Wednesday, March 1st. William Blair reaffirmed an “outperform” rating on shares of Alphabet in a research note on Friday, March 3rd. Aegis reaffirmed a “buy” rating and set a $1,011.00 price objective on shares of Alphabet in a research note on Friday, March 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $1,005.00 price objective on shares of Alphabet in a research note on Friday, March 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and forty have given a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus target price of $1,011.53.

About Alphabet

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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