Alphabet Inc (GOOGL) Shares Sold by GoodHaven Capital Management LLC

GoodHaven Capital Management LLC reduced its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.1% during the fourth quarter, Holdings Channel reports. The firm owned 9,611 shares of the company’s stock after selling 5 shares during the period. Alphabet makes up about 3.1% of GoodHaven Capital Management LLC’s investment portfolio, making the stock its 15th largest position. GoodHaven Capital Management LLC’s holdings in Alphabet were worth $7,616,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GOOGL. First American Bank boosted its stake in Alphabet by 5.5% in the third quarter. First American Bank now owns 13,161 shares of the company’s stock valued at $10,582,000 after buying an additional 692 shares during the period. Independence Advisors LLC boosted its stake in Alphabet by 0.5% in the third quarter. Independence Advisors LLC now owns 618 shares of the company’s stock valued at $497,000 after buying an additional 3 shares during the period. Atalanta Sosnoff Capital LLC boosted its stake in Alphabet by 1.4% in the third quarter. Atalanta Sosnoff Capital LLC now owns 150,641 shares of the company’s stock valued at $121,124,000 after buying an additional 2,050 shares during the period. Liberty Capital Management Inc. bought a new stake in Alphabet during the third quarter valued at about $3,044,000. Finally, Swarthmore Group Inc. boosted its stake in Alphabet by 6.4% in the third quarter. Swarthmore Group Inc. now owns 14,920 shares of the company’s stock valued at $11,997,000 after buying an additional 900 shares during the period. 34.98% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at 867.91 on Tuesday. The company’s 50-day moving average is $844.45 and its 200 day moving average is $814.97. The firm has a market cap of $600.09 billion, a price-to-earnings ratio of 31.13 and a beta of 0.98. Alphabet Inc has a 52-week low of $672.66 and a 52-week high of $874.42.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, January 26th. The company reported $9.36 earnings per share for the quarter, missing the consensus estimate of $9.64 by $0.28. Alphabet had a return on equity of 14.85% and a net margin of 21.58%. During the same quarter in the previous year, the company posted $8.67 EPS. On average, analysts expect that Alphabet Inc will post $33.41 earnings per share for the current fiscal year.

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Several research firms have issued reports on GOOGL. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $1,000.00 price objective on shares of Alphabet in a research report on Sunday. Pivotal Research cut shares of Alphabet from a “buy” rating to a “hold” rating and lowered their price objective for the company from $970.00 to $950.00 in a research report on Monday. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $906.58 price objective for the company. in a research report on Monday. Wells Fargo & Co reissued an “outperform” rating and issued a $1,000.00 price objective (up from $975.00) on shares of Alphabet in a research report on Saturday, March 11th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $1,000.00 price objective on shares of Alphabet in a research report on Saturday, March 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $963.60.

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.

5 Day Chart for NASDAQ:GOOGL

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