Security Asset Management decreased its holdings in Alphabet Inc (NASDAQ:GOOGL) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,419 shares of the information services provider’s stock after selling 13 shares during the period. Alphabet accounts for approximately 1.9% of Security Asset Management’s holdings, making the stock its 20th biggest holding. Security Asset Management’s holdings in Alphabet were worth $3,240,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the stock. Kanawha Capital Management LLC lifted its holdings in shares of Alphabet by 2.5% in the 2nd quarter. Kanawha Capital Management LLC now owns 6,015 shares of the information services provider’s stock worth $6,513,000 after acquiring an additional 146 shares during the last quarter. Balyasny Asset Management LLC lifted its holdings in Alphabet by 38.5% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,346 shares of the information services provider’s stock worth $1,457,000 after buying an additional 374 shares in the last quarter. Cypress Capital Group lifted its holdings in Alphabet by 87.2% during the 2nd quarter. Cypress Capital Group now owns 865 shares of the information services provider’s stock worth $936,000 after buying an additional 403 shares in the last quarter. Prudential PLC lifted its holdings in Alphabet by 13.6% during the 2nd quarter. Prudential PLC now owns 281,433 shares of the information services provider’s stock worth $304,750,000 after buying an additional 33,745 shares in the last quarter. Finally, Lumina Fund Management LLC acquired a new stake in Alphabet during the 2nd quarter worth approximately $1,083,000. 33.91% of the stock is owned by hedge funds and other institutional investors.
GOOGL has been the topic of a number of research reports. Sanford C. Bernstein initiated coverage on shares of Alphabet in a report on Friday, January 10th. They set an “outperform” rating and a $1,600.00 target price on the stock. Barclays reiterated a “buy” rating and set a $1,625.00 target price on shares of Alphabet in a report on Thursday, January 23rd. Morgan Stanley increased their price objective on shares of Alphabet from $1,450.00 to $1,560.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Guggenheim dropped their price objective on shares of Alphabet from $1,525.00 to $1,460.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Finally, Bernstein Bank began coverage on shares of Alphabet in a research report on Friday, January 10th. They issued an “outperform” rating and a $1,600.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. Alphabet currently has an average rating of “Buy” and an average target price of $1,483.09.
Alphabet stock traded down $21.47 during midday trading on Friday, hitting $1,432.78. 2,173,196 shares of the company’s stock were exchanged, compared to its average volume of 1,507,396. Alphabet Inc has a 12-month low of $1,027.03 and a 12-month high of $1,500.58. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78. The stock has a market cap of $988.17 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01. The firm’s 50 day simple moving average is $1,402.28 and its 200 day simple moving average is $1,275.98.
Alphabet Profile
Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.
