Pwmco LLC Sells 1,272 Shares of Alphabet Inc (GOOGL)

Pwmco LLC reduced its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 71.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 500 shares of the information services provider’s stock after selling 1,272 shares during the period. Pwmco LLC’s holdings in Alphabet were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vestor Capital LLC acquired a new stake in shares of Alphabet during the third quarter worth about $62,000. Sound Income Strategies LLC grew its holdings in shares of Alphabet by 71.4% during the fourth quarter. Sound Income Strategies LLC now owns 96 shares of the information services provider’s stock worth $100,000 after buying an additional 40 shares during the last quarter. Matthew Goff Investment Advisor LLC purchased a new position in shares of Alphabet during the third quarter worth about $107,000. CX Institutional grew its holdings in shares of Alphabet by 93.1% during the fourth quarter. CX Institutional now owns 112 shares of the information services provider’s stock worth $117,000 after buying an additional 54 shares during the last quarter. Finally, Parkside Investments LLC purchased a new position in shares of Alphabet during the third quarter worth about $124,000. Institutional investors and hedge funds own 33.99% of the company’s stock.

A number of equities research analysts have weighed in on the company. Pivotal Research raised Alphabet from a “hold” rating to a “buy” rating and lifted their price objective for the company from $1,010.00 to $1,240.00 in a report on Monday, January 7th. William Blair reissued an “outperform” rating on shares of Alphabet in a research note on Tuesday, February 5th. ValuEngine raised Alphabet from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Nomura decreased their price target on Alphabet from $1,350.00 to $1,310.00 and set a “buy” rating on the stock in a research note on Tuesday, February 5th. Finally, Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,234.00 price target on the stock in a research note on Monday, January 28th. Two equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $1,329.91.

Shares of Alphabet stock traded up $1.33 during trading on Friday, reaching $1,241.47. The company had a trading volume of 1,237,788 shares, compared to its average volume of 1,211,242. The firm has a market cap of $863.05 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.89 and a current ratio of 3.92. Alphabet Inc has a fifty-two week low of $977.66 and a fifty-two week high of $1,291.44.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share for the quarter, topping the consensus estimate of $11.08 by $1.69. The firm had revenue of $31.84 billion for the quarter, compared to analyst estimates of $31.28 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. During the same quarter in the prior year, the business earned $9.70 earnings per share. On average, equities analysts predict that Alphabet Inc will post 47.31 earnings per share for the current year.

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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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