Alphabet Inc. (GOOGL) Stake Decreased by Cantillon Capital Management LLC
Cantillon Capital Management LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 435,119 shares of the information services provider’s stock after selling 18,206 shares during the period. Alphabet makes up approximately 5.1% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Cantillon Capital Management LLC owned 0.06% of Alphabet worth $404,522,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of GOOGL. State of Alaska Department of Revenue bought a new position in shares of Alphabet in the 2nd quarter valued at about $102,000. Franklin Parlapiano Turner & Welch LLC bought a new position in shares of Alphabet in the 1st quarter valued at about $108,000. Parkside Financial Bank & Trust lifted its holdings in shares of Alphabet by 39.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after acquiring an additional 36 shares during the last quarter. Farmers National Bank lifted its holdings in shares of Alphabet by 2.7% in the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after acquiring an additional 4 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. lifted its holdings in shares of Alphabet by 58.3% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 33.68% of the company’s stock.
Alphabet Inc. (GOOGL) opened at $1,056.52 on Friday. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1-year low of $753.36 and a 1-year high of $1,063.62. The stock has a market cap of $730,875.13, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same period in the previous year, the company earned $9.06 earnings per share. sell-side analysts anticipate that Alphabet Inc. will post 32.34 EPS for the current fiscal year.
A number of brokerages recently commented on GOOGL. Vetr raised shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 price target for the company in a report on Monday, November 6th. Zacks Investment Research downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Citigroup Inc. reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, October 30th. Stifel Nicolaus raised their price objective on shares of Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Pivotal Research reissued a “hold” rating and issued a $990.00 price objective on shares of Alphabet in a research note on Sunday, October 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and an average target price of $1,088.53.
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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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