Alphabet Inc (GOOGL) Shares Sold by Davis Selected Advisers

Davis Selected Advisers cut its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 5.7% during the fourth quarter, Holdings Channel reports. The firm owned 824,643 shares of the company’s stock after selling 49,587 shares during the period. Alphabet comprises approximately 2.9% of Davis Selected Advisers’ holdings, making the stock its 11th largest position. Davis Selected Advisers’ holdings in Alphabet were worth $653,488,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Alpha Windward LLC boosted its position in Alphabet by 0.9% in the third quarter. Alpha Windward LLC now owns 222 shares of the company’s stock valued at $179,000 after buying an additional 2 shares during the period. Fort Pitt Capital Group LLC boosted its position in Alphabet by 0.3% in the fourth quarter. Fort Pitt Capital Group LLC now owns 760 shares of the company’s stock valued at $602,000 after buying an additional 2 shares during the period. Independence Advisors LLC boosted its position 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. Tarbox Group Inc. boosted its position in 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, Bank of The Ozarks boosted its position in Alphabet by 0.6% in the third quarter. Bank of The Ozarks now owns 523 shares of the company’s stock valued at $420,000 after buying an additional 3 shares during the period. 34.98% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at 835.14 on Friday. The firm has a market cap of $577.43 billion, a P/E ratio of 29.96 and a beta of 0.98. The company’s 50-day moving average price is $847.88 and its 200 day moving average price is $816.83. Alphabet Inc has a 52 week low of $672.66 and a 52 week high of $874.42.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, January 26th. The company reported $9.36 earnings per share for the quarter, missing analysts’ consensus estimates 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 prior year, the firm posted $8.67 EPS. On average, equities analysts anticipate that Alphabet Inc will post $33.39 earnings per share for the current year.

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Several equities analysts have commented on the company. B. Riley reaffirmed a “buy” rating and issued a $990.00 price target on shares of Alphabet in a report on Friday, January 27th. Mizuho assumed coverage on Alphabet in a report on Saturday, March 11th. They issued a “buy” rating and a $1,024.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $1,025.00 price target on shares of Alphabet in a report on Saturday. Pacific Crest reaffirmed an “overweight” rating and issued a $1,040.00 price target on shares of Alphabet in a report on Saturday, March 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $1,000.00 price target on shares of Alphabet in a report on Saturday. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $966.66.

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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