Calvert Investment Management Inc. Lowers Position in Alphabet Inc. (GOOGL)
Calvert Investment Management Inc. lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 13.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,517 shares of the company’s stock after selling 7,107 shares during the period. Alphabet makes up about 1.7% of Calvert Investment Management Inc.’s investment portfolio, making the stock its 4th largest position. Calvert Investment Management Inc.’s holdings in Alphabet were worth $32,023,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Alecta Pensionsforsakring Omsesidigt acquired a new position in shares of Alphabet during the first quarter worth $1,194,778,000. Bank of Montreal Can purchased a new position in Alphabet during the second quarter worth approximately $761,801,000. Emerald Acquisition Ltd. purchased a new position in Alphabet during the second quarter worth approximately $400,022,000. Investec Asset Management LTD raised its position in Alphabet by 944.0% in the first quarter. Investec Asset Management LTD now owns 326,855 shares of the company’s stock worth $249,358,000 after buying an additional 295,547 shares during the period. Finally, NN Investment Partners Holdings N.V. purchased a new position in Alphabet during the first quarter worth approximately $218,533,000. Institutional investors own 34.15% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOGL) traded down 0.32% during mid-day trading on Monday, reaching $795.39. The company had a trading volume of 1,149,319 shares. The stock has a market capitalization of $546.65 billion, a price-to-earnings ratio of 30.82 and a beta of 0.98. Alphabet Inc. has a 52 week low of $617.84 and a 52 week high of $813.88. The stock has a 50 day moving average of $796.14 and a 200 day moving average of $751.69.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. Analysts anticipate that Alphabet Inc. will post $34.25 earnings per share for the current year.
A number of research firms have recently commented on GOOGL. Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a research report on Saturday, June 4th. Royal Bank Of Canada restated an “outperform” rating and issued a $1,000.00 price objective on shares of Alphabet in a research report on Tuesday, June 28th. Deutsche Bank AG restated a “buy” rating on shares of Alphabet in a research report on Sunday, July 10th. Robert W. Baird restated a “buy” rating on shares of Alphabet in a research report on Sunday, July 17th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $920.00 price objective on shares of Alphabet in a research report on Sunday, July 17th. Two research analysts have rated the stock with a hold rating, forty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $925.42.
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
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