Beck Mack & Oliver LLC trimmed its stake in Alphabet Inc (NASDAQ:GOOGL) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 42,707 shares of the information services provider’s stock after selling 1,805 shares during the period. Alphabet makes up about 1.8% of Beck Mack & Oliver LLC’s investment portfolio, making the stock its 22nd biggest position. Beck Mack & Oliver LLC’s holdings in Alphabet were worth $44,627,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in GOOGL. Checchi Capital Advisers LLC boosted its stake in Alphabet by 2.8% in the third quarter. Checchi Capital Advisers LLC now owns 3,033 shares of the information services provider’s stock worth $3,661,000 after purchasing an additional 82 shares in the last quarter. Columbus Circle Investors boosted its stake in Alphabet by 37.2% in the third quarter. Columbus Circle Investors now owns 83,466 shares of the information services provider’s stock worth $100,750,000 after purchasing an additional 22,611 shares in the last quarter. GWM Advisors LLC boosted its stake in Alphabet by 4.3% in the third quarter. GWM Advisors LLC now owns 2,835 shares of the information services provider’s stock worth $3,422,000 after purchasing an additional 116 shares in the last quarter. Strategic Capital Advisers Inc. acquired a new position in Alphabet in the third quarter worth $1,709,000. Finally, Round Table Services LLC boosted its stake in Alphabet by 67.1% in the third quarter. Round Table Services LLC now owns 936 shares of the information services provider’s stock worth $1,130,000 after purchasing an additional 376 shares in the last quarter. 33.56% of the stock is owned by institutional investors.

NASDAQ GOOGL opened at $1,138.61 on Friday. The stock has a market capitalization of $790.47 billion, a P/E ratio of 23.97, a P/E/G ratio of 1.36 and a beta of 1.03. The company has a quick ratio of 3.93, a current ratio of 3.96 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 12 month low of $977.66 and a 12 month high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, beating analysts’ consensus estimates of $10.56 by $1.34. The business had revenue of $29.48 billion during the quarter, compared to the consensus estimate of $29.99 billion. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. During the same quarter in the prior year, the company posted $13.33 earnings per share. On average, equities research analysts predict that Alphabet Inc will post 48.44 EPS for the current year.

GOOGL has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price objective on Alphabet from $1,100.00 to $1,200.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. They noted that the move was a valuation call. Needham & Company LLC began coverage on Alphabet in a research report on Monday, March 4th. They set a “buy” rating and a $1,153.42 target price for the company. Morgan Stanley dropped their target price on Alphabet from $1,500.00 to $1,425.00 and set an “overweight” rating for the company in a research report on Tuesday, April 30th. They noted that the move was a valuation call. Stifel Nicolaus downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 target price for the company. in a research report on Tuesday, April 30th. Finally, Citigroup dropped their target price on Alphabet from $1,350.00 to $1,325.00 and set a “buy” rating for the company in a research report on Tuesday, February 5th. Five analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $1,328.88.

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Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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