Duncker Streett & Co. Inc. Trims Position in Alphabet Inc (GOOGL)

Duncker Streett & Co. Inc. decreased its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,579 shares of the information services provider’s stock after selling 82 shares during the period. Alphabet accounts for approximately 1.0% of Duncker Streett & Co. Inc.’s portfolio, making the stock its 19th biggest position. Duncker Streett & Co. Inc.’s holdings in Alphabet were worth $3,740,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in shares of Alphabet by 118,334.5% in 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 last quarter. Rehmann Capital Advisory Group lifted its position in shares of Alphabet by 118,282.1% in 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 last quarter. Packer & Co Ltd acquired a new stake in shares of Alphabet in the fourth quarter worth about $21,605,000. FMR LLC lifted its position in shares of Alphabet by 5.5% in the third quarter. FMR LLC now owns 16,434,628 shares of the information services provider’s stock worth $19,837,909,000 after buying an additional 858,589 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of Alphabet by 1,075.1% in the third quarter. Glenmede Trust Co. NA now owns 707,057 shares of the information services provider’s stock worth $853,473,000 after buying an additional 646,889 shares during the last quarter. 33.99% of the stock is owned by hedge funds and other institutional investors.

Alphabet stock opened at $1,241.47 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.89 and a current ratio of 3.92. The stock has a market capitalization of $863.05 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. Alphabet Inc has a 52 week low of $977.66 and a 52 week high of $1,291.44.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping analysts’ consensus estimates of $11.08 by $1.69. The business had revenue of $31.84 billion for the quarter, compared to analyst estimates of $31.28 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. During the same period in the previous year, the company posted $9.70 earnings per share. Analysts anticipate that Alphabet Inc will post 47.49 EPS for the current year.

GOOGL has been the subject of a number of analyst reports. ValuEngine cut Alphabet from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. SunTrust Banks reduced their price target on Alphabet to $1,350.00 and set a “buy” rating for the company in a research report on Tuesday, February 5th. They noted that the move was a valuation call. Deutsche Bank reaffirmed a “buy” rating and issued a $1,300.00 price target on shares of Alphabet in a research report on Wednesday, January 23rd. Needham & Company LLC initiated coverage on Alphabet in a research report on Monday, March 4th. They issued a “buy” rating and a $1,153.42 price target for the company. Finally, Wells Fargo & Co set a $1,300.00 price target on Alphabet and gave the stock a “buy” rating in a research report on Tuesday, February 5th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. Alphabet has an average rating of “Buy” and a consensus target price of $1,329.91.

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Alphabet 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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