Alphabet Inc. (GOOGL) Shares Sold by Old Mutual Global Investors UK Ltd.

Old Mutual Global Investors UK Ltd. cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 88.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,912 shares of the information services provider’s stock after selling 173,489 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Alphabet were worth $18,576,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Delta Asset Management LLC TN boosted its stake in Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after buying an additional 2 shares during the period. Jackson Grant Investment Advisers Inc. boosted its stake in Alphabet by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 170 shares of the information services provider’s stock valued at $135,000 after buying an additional 1 shares during the period. Cordasco Financial Network boosted its stake in Alphabet by 2.2% in the first quarter. Cordasco Financial Network now owns 235 shares of the information services provider’s stock valued at $199,000 after buying an additional 5 shares during the period. First Command Financial Services Inc. boosted its stake in Alphabet by 56.1% in the first quarter. First Command Financial Services Inc. now owns 242 shares of the information services provider’s stock valued at $205,000 after buying an additional 87 shares during the period. Finally, American Economic Planning Group Inc. ADV purchased a new stake in Alphabet during the first quarter valued at $222,000. 34.12% of the stock is owned by institutional investors and hedge funds.

Alphabet Inc. (NASDAQ:GOOGL) traded down 0.16% during mid-day trading on Friday, reaching $926.18. 1,337,404 shares of the company were exchanged. The stock has a market capitalization of $641.73 billion, a P/E ratio of 33.57 and a beta of 0.99. Alphabet Inc. has a 12 month low of $743.59 and a 12 month high of $1,008.61. The company’s 50 day moving average price is $952.51 and its 200-day moving average price is $912.15.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by $3.24. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The business had revenue of $20.92 billion for the quarter, compared to the consensus estimate of $20.83 billion. During the same quarter last year, the business posted $8.42 EPS. On average, equities analysts expect that Alphabet Inc. will post $30.60 earnings per share for the current fiscal year.

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GOOGL has been the subject of a number of research analyst reports. Instinet reaffirmed a “buy” rating and set a $925.00 price objective on shares of Alphabet in a research report on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $1,200.00 price objective (up previously from $1,000.00) on shares of Alphabet in a research report on Friday, April 28th. Zacks Investment Research cut shares of Alphabet from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of Alphabet from $1,100.00 to $970.00 and set a “buy” rating for the company in a research report on Friday, April 28th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Alphabet in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $1,053.45.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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