Howland Capital Management LLC trimmed its position in Alphabet Inc (NASDAQ:GOOGL) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,484 shares of the information services provider’s stock after selling 819 shares during the quarter. Alphabet makes up approximately 1.3% of Howland Capital Management LLC’s portfolio, making the stock its 26th largest position. Howland Capital Management LLC’s holdings in Alphabet were worth $14,090,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. MARSHALL WACE ASIA Ltd raised its holdings in Alphabet by 2,089.3% during the 3rd quarter. MARSHALL WACE ASIA Ltd now owns 97,141 shares of the information services provider’s stock worth $117,257,000 after purchasing an additional 92,704 shares during the last quarter. CX Institutional increased its stake in shares of Alphabet by 93.1% in the 4th quarter. CX Institutional now owns 112 shares of the information services provider’s stock valued at $117,000 after acquiring an additional 54 shares during the last quarter. Ontario Teachers Pension Plan Board increased its stake in shares of Alphabet by 66.2% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 76,862 shares of the information services provider’s stock valued at $92,779,000 after acquiring an additional 30,611 shares during the last quarter. Dfpg Investments Inc. bought a new stake in shares of Alphabet in the 4th quarter valued at about $428,000. Finally, Leavell Investment Management Inc. increased its stake in shares of Alphabet by 3.8% in the 3rd quarter. Leavell Investment Management Inc. now owns 1,355 shares of the information services provider’s stock valued at $1,636,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 34.04% of the company’s stock.
Several brokerages recently issued reports on GOOGL. Nomura decreased their price objective on Alphabet from $1,310.00 to $1,300.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Stifel Nicolaus lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 target price on the stock. in a report on Tuesday, April 30th. BMO Capital Markets increased their target price on Alphabet from $1,100.00 to $1,200.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. They noted that the move was a valuation call. JMP Securities reissued an “outperform” rating and set a $1,375.00 target price (up from $1,300.00) on shares of Alphabet in a report on Tuesday, April 30th. Finally, Argus reissued a “buy” rating and set a $1,450.00 target price on shares of Alphabet in a report on Wednesday, May 1st. Five analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $1,325.55.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $10.56 by $1.34. The business had revenue of $29.48 billion for the quarter, compared to analysts’ expectations 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 previous year, the firm earned $13.33 earnings per share. As a group, analysts forecast that Alphabet Inc will post 48.6 earnings per share for the current fiscal year.
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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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