Alphabet Inc (GOOGL) Position Trimmed by Strs Ohio

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Strs Ohio trimmed its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 241,356 shares of the information services provider’s stock after selling 2,850 shares during the period. Alphabet accounts for about 1.3% of Strs Ohio’s holdings, making the stock its 5th biggest holding. Strs Ohio’s holdings in Alphabet were worth $252,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of GOOGL. Vestor Capital LLC bought a new position in Alphabet in the 3rd quarter worth about $62,000. Lavaca Capital LLC bought a new position in Alphabet in the 4th quarter worth about $97,000. Sound Income Strategies LLC grew its position in Alphabet by 71.4% in the 4th quarter. Sound Income Strategies LLC now owns 96 shares of the information services provider’s stock worth $100,000 after purchasing an additional 40 shares during the last quarter. Parkside Investments LLC bought a new position in shares of Alphabet in the third quarter valued at approximately $124,000. Finally, ELM Advisors LLC bought a new position in shares of Alphabet in the third quarter valued at approximately $128,000. 33.99% of the stock is owned by institutional investors.

A number of analysts recently weighed in on the stock. Canaccord Genuity upgraded shares of Alphabet from a “hold” rating to a “buy” rating and raised their target price for the stock from $1,140.00 to $1,250.00 in a report on Thursday, January 3rd. Jefferies Financial Group set a $1,200.00 target price on shares of Alphabet and gave the stock a “buy” rating in a report on Thursday, December 20th. Pivotal Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and raised their target price for the stock from $1,010.00 to $1,240.00 in a report on Monday, January 7th. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,234.00 target price for the company in a report on Monday, January 28th. Finally, Stifel Nicolaus reduced their target price on shares of Alphabet from $1,400.00 to $1,300.00 and set a “buy” rating for the company in a report on Friday, January 25th. Two equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $1,329.91.

NASDAQ:GOOGL opened at $1,231.91 on Wednesday. The stock has a market cap of $852.67 billion, a PE ratio of 25.93, 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. The company has a quick ratio of 3.89, a current ratio of 3.92 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOGL) last released 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 company had revenue of $31.84 billion during the quarter, compared to the consensus estimate of $31.28 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. During the same period last year, the firm earned $9.70 EPS. On average, equities research analysts expect that Alphabet Inc will post 47.49 EPS for the current year.

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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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