KAMES CAPITAL plc trimmed its stake in Alphabet Inc (NASDAQ:GOOGL) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,326 shares of the information services provider’s stock after selling 1,314 shares during the period. Alphabet makes up about 1.6% of KAMES CAPITAL plc’s portfolio, making the stock its 23rd biggest position. KAMES CAPITAL plc’s holdings in Alphabet were worth $62,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the company. Odey Holdings AG lifted its stake in shares of Alphabet by 18.2% during the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after acquiring an additional 20 shares during the last quarter. Stelac Advisory Services LLC bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $126,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $137,000. Farmers National Bank lifted its stake in shares of Alphabet by 3.3% during the 2nd quarter. Farmers National Bank now owns 155 shares of the information services provider’s stock worth $144,000 after acquiring an additional 5 shares during the last quarter. Finally, Hudock Capital Group LLC lifted its stake in shares of Alphabet by 11.7% during the 2nd quarter. Hudock Capital Group LLC now owns 162 shares of the information services provider’s stock worth $150,000 after acquiring an additional 17 shares during the last quarter. 34.38% of the stock is owned by institutional investors and hedge funds.
Alphabet Inc (NASDAQ:GOOGL) opened at $1,165.93 on Tuesday. Alphabet Inc has a fifty-two week low of $824.30 and a fifty-two week high of $1,198.00. The stock has a market capitalization of $806,531.88, a price-to-earnings ratio of 64.92, a PEG ratio of 1.20 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11.
Alphabet declared that its Board of Directors has initiated a share buyback plan on Thursday, February 1st that authorizes the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Alphabet from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. William Blair reissued an “outperform” rating on shares of Alphabet in a research note on Thursday, February 1st. Vetr raised Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,243.88 price target for the company in a research note on Monday, February 5th. Stifel Nicolaus downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,150.00 price objective on the stock. in a report on Friday, February 2nd. Finally, Royal Bank of Canada restated a “buy” rating and set a $1,285.00 price objective on shares of Alphabet in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $1,167.67.
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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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