Janney Capital Management LLC lessened its holdings in Alphabet Inc (NASDAQ:GOOGL) by 22.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,795 shares of the information services provider’s stock after selling 3,661 shares during the period. Janney Capital Management LLC’s holdings in Alphabet were worth $13,370,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vestor Capital LLC purchased a new stake in Alphabet in the third quarter valued at $62,000. Lavaca Capital LLC purchased a new stake in Alphabet in the fourth quarter valued at $97,000. Sound Income Strategies LLC lifted its position in Alphabet by 71.4% in the fourth quarter. Sound Income Strategies LLC now owns 96 shares of the information services provider’s stock valued at $100,000 after acquiring an additional 40 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in Alphabet in the fourth quarter valued at $103,000. Finally, Matthew Goff Investment Advisor LLC purchased a new stake in Alphabet in the third quarter valued at $107,000. 34.12% of the stock is owned by institutional investors.

Shares of Alphabet stock opened at $1,144.66 on Tuesday. Alphabet Inc has a 52-week low of $977.66 and a 52-week high of $1,296.97. The company has a current ratio of 3.96, a quick ratio of 3.93 and a debt-to-equity ratio of 0.02. The stock has a market cap of $811.42 billion, a PE ratio of 24.09, a PEG ratio of 1.38 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.56 by $1.34. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. The business had revenue of $29.48 billion for the quarter, compared to analyst estimates of $29.99 billion. During the same period in the previous year, the business posted $13.33 earnings per share. Equities analysts anticipate that Alphabet Inc will post 48.44 earnings per share for the current fiscal year.

A number of research analysts have commented on GOOGL shares. Nomura restated an “outperform” rating on shares of Alphabet in a research note on Wednesday, February 6th. JMP Securities restated an “outperform” rating and issued a $1,375.00 price objective (up from $1,300.00) on shares of Alphabet in a research note on Tuesday, April 30th. Stifel Nicolaus lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price objective on the stock. in a research note on Tuesday, April 30th. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,234.00 price objective on the stock in a research note on Monday, January 28th. Finally, Wells Fargo & Co set a $1,300.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research note on Tuesday, February 5th. Five investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $1,328.88.

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About Alphabet

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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