Daiwa Securities Group Inc. Has $69.83 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Daiwa Securities Group Inc. lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,855 shares of the information services provider’s stock after selling 1,463 shares during the period. Daiwa Securities Group Inc.’s holdings in Alphabet were worth $69,826,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Kinloch Capital LLC acquired a new stake in shares of Alphabet during the 4th quarter valued at $28,000. Resolute Partners Group bought a new stake in Alphabet in the fourth quarter worth $28,000. ForthRight Wealth Management LLC acquired a new position in shares of Alphabet during the 4th quarter valued at about $32,000. Cowa LLC acquired a new position in shares of Alphabet during the 4th quarter valued at about $38,000. Finally, Cypress Point Wealth Management LLC acquired a new position in shares of Alphabet during the 4th quarter valued at about $39,000. 33.79% of the stock is owned by institutional investors.

Shares of NASDAQ:GOOGL opened at $2,270.06 on Wednesday. The stock has a 50 day moving average of $2,231.03 and a 200 day moving average of $1,948.77. The company has a market cap of $1.52 trillion, a PE ratio of 43.87, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. The company has a current ratio of 3.41, a quick ratio of 3.39 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 12-month low of $1,323.30 and a 12-month high of $2,431.38.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, April 26th. The information services provider reported $26.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $15.82 by $10.47. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. During the same quarter in the prior year, the firm posted $9.87 earnings per share. Equities research analysts predict that Alphabet Inc. will post 52.19 earnings per share for the current fiscal year.

GOOGL has been the topic of a number of analyst reports. Truist Securities increased their price objective on Alphabet from $2,250.00 to $2,400.00 and gave the company a “buy” rating in a report on Monday, May 3rd. Pivotal Research reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, February 3rd. Citigroup lowered Alphabet from a “buy” rating to a “neutral” rating in a research note on Monday. China Renaissance Securities upgraded Alphabet from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $1,477.00 to $3,000.00 in a report on Monday. Finally, Stifel Nicolaus upgraded Alphabet from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $2,025.00 to $2,350.00 in a report on Monday, March 29th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and an average price target of $2,483.21.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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