Alphabet Inc. $GOOGL Holdings Lessened by Howland Capital Management LLC

Howland Capital Management LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 586,745 shares of the information services provider’s stock after selling 5,470 shares during the period. Alphabet comprises approximately 5.4% of Howland Capital Management LLC’s holdings, making the stock its 2nd largest position. Howland Capital Management LLC’s holdings in Alphabet were worth $142,638,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Financial Gravity Companies Inc. bought a new position in shares of Alphabet during the second quarter worth $31,000. CarsonAllaria Wealth Management Ltd. grew its position in shares of Alphabet by 36.4% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 67 shares in the last quarter. Corsicana & Co. bought a new stake in shares of Alphabet in the third quarter worth about $54,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of Alphabet by 37.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after buying an additional 89 shares in the last quarter. Finally, S&T Bank PA boosted its stake in Alphabet by 40.2% during the second quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock valued at $61,000 after buying an additional 99 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on GOOGL shares. Royal Bank Of Canada reissued a “buy” rating on shares of Alphabet in a research note on Monday, January 26th. Barclays reiterated an “overweight” rating and issued a $315.00 price target (up previously from $250.00) on shares of Alphabet in a report on Thursday, October 30th. Mizuho set a $365.00 target price on shares of Alphabet and gave the stock an “outperform” rating in a report on Friday, January 9th. Stifel Nicolaus set a $346.00 price target on Alphabet and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, BNP Paribas Exane began coverage on shares of Alphabet in a research report on Monday, November 24th. They set an “outperform” rating and a $355.00 target price for the company. Four equities research analysts have rated the stock with a Strong Buy rating, forty-two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $334.60.

Read Our Latest Research Report on Alphabet

Alphabet Stock Down 0.1%

Alphabet stock opened at $338.00 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.08 trillion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 1.86 and a beta of 1.08. The business’s 50-day moving average price is $320.23 and its 200 day moving average price is $264.99. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $342.29.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The firm had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $19.00, for a total transaction of $35,060,852.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frances Arnold sold 102 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $340.00, for a total value of $34,680.00. Following the transaction, the director directly owned 18,307 shares of the company’s stock, valued at $6,224,380. The trade was a 0.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,067,707 shares of company stock valued at $103,627,383 in the last 90 days. Corporate insiders own 11.64% of the company’s stock.

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Alphabet Company Profile

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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