Whittier Trust Co. of Nevada Inc. Sells 19 Shares of Alphabet Inc (NASDAQ:GOOGL)

Whittier Trust Co. of Nevada Inc. reduced its holdings in Alphabet Inc (NASDAQ:GOOGL) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,495 shares of the information services provider’s stock after selling 19 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Alphabet were worth $8,116,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GOOGL. Thoroughbred Financial Services LLC grew its position in shares of Alphabet by 205,910.9% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,393,000 shares of the information services provider’s stock worth $339,300,000 after buying an additional 3,391,353 shares during the last quarter. Packer & Co Ltd grew its position in shares of Alphabet by 4,018.6% in the 2nd quarter. Packer & Co Ltd now owns 958,600 shares of the information services provider’s stock worth $25,202,000 after buying an additional 935,325 shares during the last quarter. Royal London Asset Management Ltd. bought a new stake in shares of Alphabet in the 4th quarter worth approximately $237,900,000. AMF Pensionsforsakring AB boosted its position in shares of Alphabet by 172.7% during the fourth quarter. AMF Pensionsforsakring AB now owns 209,505 shares of the information services provider’s stock valued at $218,924,000 after purchasing an additional 132,686 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Alphabet by 4.0% during the fourth quarter. Fisher Asset Management LLC now owns 1,322,249 shares of the information services provider’s stock valued at $1,381,697,000 after purchasing an additional 51,160 shares in the last quarter. Hedge funds and other institutional investors own 33.93% of the company’s stock.

Alphabet stock traded down $15.46 during mid-day trading on Friday, hitting $1,196.32. The company had a trading volume of 1,744,887 shares, compared to its average volume of 1,701,523. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The business has a 50 day simple moving average of $1,137.05. Alphabet Inc has a 12 month low of $977.66 and a 12 month high of $1,296.97. The company has a market capitalization of $841.27 billion, a P/E ratio of 25.18, a PEG ratio of 1.33 and a beta of 0.96.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The business had revenue of $31.71 billion for the quarter, compared to the consensus estimate of $30.90 billion. Equities research analysts predict that Alphabet Inc will post 51.94 EPS for the current fiscal year.

Several research firms recently weighed in on GOOGL. Nomura restated a “buy” rating and set a $1,400.00 price target (up from $1,300.00) on shares of Alphabet in a research report on Friday, July 26th. DZ Bank restated a “hold” rating and set a $1,197.00 price target on shares of Alphabet in a research report on Wednesday, May 1st. Deutsche Bank lifted their price target on Alphabet from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Argus restated a “buy” rating and set a $1,450.00 price target on shares of Alphabet in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus restated a “hold” rating and set a $1,287.00 price target on shares of Alphabet in a research report on Tuesday, July 23rd. Eight analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1,371.05.

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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