Alphabet Inc. (NASDAQ:GOOGL) Holdings Decreased by Yarbrough Capital LLC

Yarbrough Capital LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,884 shares of the information services provider’s stock after selling 3,873 shares during the quarter. Alphabet comprises about 8.7% of Yarbrough Capital LLC’s investment portfolio, making the stock its 2nd biggest position. Yarbrough Capital LLC’s holdings in Alphabet were worth $115,248,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Alphabet by 1.4% in the first quarter. Vanguard Group Inc. now owns 23,304,411 shares of the information services provider’s stock valued at $64,817,723,000 after purchasing an additional 331,945 shares during the period. State Street Corp raised its position in Alphabet by 1.4% in the fourth quarter. State Street Corp now owns 11,252,792 shares of the information services provider’s stock valued at $32,599,789,000 after purchasing an additional 157,280 shares during the period. Norges Bank purchased a new position in Alphabet in the fourth quarter valued at about $14,477,662,000. Aaron Wealth Advisors LLC raised its position in Alphabet by 699,790.2% in the first quarter. Aaron Wealth Advisors LLC now owns 4,703,262 shares of the information services provider’s stock valued at $1,691,000 after purchasing an additional 4,702,590 shares during the period. Finally, Invesco Ltd. raised its position in Alphabet by 14.1% in the fourth quarter. Invesco Ltd. now owns 2,292,059 shares of the information services provider’s stock valued at $6,640,190,000 after purchasing an additional 283,907 shares during the period. 1.88% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 42 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total transaction of $91,003.08. Following the sale, the chief accounting officer now owns 1,192 shares of the company’s stock, valued at $2,582,754.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Ann Mather sold 20 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the sale, the director now owns 565 shares of the company’s stock, valued at $1,346,575.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 42 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total value of $91,003.08. Following the sale, the chief accounting officer now directly owns 1,192 shares in the company, valued at approximately $2,582,754.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,536 shares of company stock worth $15,729,998. Company insiders own 11.44% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of analyst reports. Mizuho dropped their target price on Alphabet from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, July 22nd. Rosenblatt Securities lifted their target price on Alphabet from $154.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, September 7th. Susquehanna dropped their target price on Alphabet from $187.50 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, July 27th. JMP Securities dropped their target price on Alphabet from $165.00 to $160.00 and set a “market outperform” rating on the stock in a research report on Thursday, June 30th. Finally, Guggenheim dropped their target price on Alphabet to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Five investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.41.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $102.80 on Monday. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $112.93 and a 200-day simple moving average of $118.84. The company has a market cap of $1.34 trillion, a PE ratio of 19.13, a P/E/G ratio of 1.66 and a beta of 1.09. Alphabet Inc. has a 12-month low of $100.94 and a 12-month high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.06). The business had revenue of $57.47 billion for the quarter, compared to analyst estimates of $57.55 billion. Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same quarter in the prior year, the firm posted $27.26 earnings per share. On average, equities research analysts forecast that Alphabet Inc. will post 5.21 EPS for the current year.

Alphabet Company Profile

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Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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