Dubuque Bank & Trust Co. cut its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,115 shares of the information services provider’s stock after selling 346 shares during the quarter. Alphabet makes up 1.3% of Dubuque Bank & Trust Co.’s portfolio, making the stock its 19th largest position. Dubuque Bank & Trust Co.’s holdings in Alphabet were worth $7,435,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. FMR LLC increased its position in Alphabet by 5.5% in the 3rd quarter. FMR LLC now owns 16,434,628 shares of the information services provider’s stock valued at $19,837,909,000 after acquiring an additional 858,589 shares during the period. Northern Trust Corp increased its position in shares of Alphabet by 0.8% during the second quarter. Northern Trust Corp now owns 3,677,525 shares of the information services provider’s stock worth $4,152,625,000 after buying an additional 28,375 shares during the period. Bank of New York Mellon Corp increased its position in shares of Alphabet by 118,334.5% during the third quarter. Bank of New York Mellon Corp now owns 3,287,743 shares of the information services provider’s stock worth $3,968,570,000 after buying an additional 3,284,967 shares during the period. Jennison Associates LLC increased its position in shares of Alphabet by 10.4% during the third quarter. Jennison Associates LLC now owns 1,922,845 shares of the information services provider’s stock worth $2,321,028,000 after buying an additional 181,916 shares during the period. Finally, Rehmann Capital Advisory Group increased its position in shares of Alphabet by 118,282.1% during the third quarter. Rehmann Capital Advisory Group now owns 1,814,798 shares of the information services provider’s stock worth $2,137,263,000 after buying an additional 1,813,265 shares during the period. 33.99% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on GOOGL. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. Wedbush restated an “outperform” rating and issued a $1,350.00 price target on shares of Alphabet in a report on Tuesday, February 5th. William Blair restated an “outperform” rating on shares of Alphabet in a report on Tuesday, February 5th. Finally, SunTrust Banks dropped their price target on shares of Alphabet to $1,350.00 and set a “buy” rating on the stock in a research report on Tuesday, February 5th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $1,329.91.
Alphabet (NASDAQ:GOOGL) last announced its earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.08 by $1.69. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The business had revenue of $31.84 billion during the quarter, compared to analyst estimates of $31.28 billion. During the same period in the previous year, the business posted $9.70 earnings per share. On average, equities analysts forecast that Alphabet Inc will post 47.31 earnings per share for the current fiscal year.
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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