Cypress Capital Management LLC held its position in shares of Alphabet Inc (NASDAQ:GOOGL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 336 shares of the company’s stock at the end of the fourth quarter. Cypress Capital Management LLC’s holdings in Alphabet were worth $266,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Cedar Wealth Management LLC increased its stake in shares of Alphabet by 5.8% in the third quarter. Cedar Wealth Management LLC now owns 128 shares of the company’s stock valued at $103,000 after buying an additional 7 shares during the period. First Command Bank purchased a new stake in shares of Alphabet during the fourth quarter valued at $123,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Alphabet during the fourth quarter valued at $127,000. Tarbox Group Inc. increased its stake in shares of Alphabet by 1.9% in the third quarter. Tarbox Group Inc. now owns 163 shares of the company’s stock valued at $131,000 after buying an additional 3 shares during the period. Finally, Fusion Family Wealth LLC purchased a new stake in shares of Alphabet during the fourth quarter valued at $139,000. 34.98% of the stock is owned by institutional investors and hedge funds.
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. Alphabet Inc has a 1-year low of $672.66 and a 1-year high of $874.42. The stock has a market capitalization of $600.09 billion, a PE ratio of 31.13 and a beta of 0.98.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, January 26th. The company reported $9.36 earnings per share (EPS) for the quarter, missing the Zacks’ 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 earned $8.67 EPS. Analysts forecast that Alphabet Inc will post $33.41 earnings per share for the current fiscal year.
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Several brokerages recently issued reports on GOOGL. B. Riley restated a “buy” rating and issued a $990.00 target price on shares of Alphabet in a report on Friday, January 27th. Pivotal Research cut shares of Alphabet from a “buy” rating to a “hold” rating and dropped their target price for the stock from $970.00 to $950.00 in a report on Monday. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $906.58 target price on the stock. in a report on Monday. Mizuho began coverage on shares of Alphabet in a report on Saturday, March 11th. They issued a “buy” rating and a $1,024.00 target price on the stock. Finally, Pacific Crest restated an “overweight” rating and issued a $1,040.00 target price on shares of Alphabet in a report on Saturday, March 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $963.60.
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.
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