Rampart Investment Management Company LLC reduced its stake in Alphabet Inc (NASDAQ:GOOGL) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,598 shares of the information services provider’s stock after selling 544 shares during the period. Alphabet accounts for approximately 0.8% of Rampart Investment Management Company LLC’s holdings, making the stock its 19th biggest position. Rampart Investment Management Company LLC’s holdings in Alphabet were worth $8,580,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Tdam USA Inc. raised its holdings in shares of Alphabet by 21.5% during the 1st quarter. Tdam USA Inc. now owns 3,281 shares of the information services provider’s stock valued at $3,403,000 after buying an additional 580 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Alphabet by 1.8% during the 1st quarter. MML Investors Services LLC now owns 16,229 shares of the information services provider’s stock valued at $16,832,000 after buying an additional 293 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Alphabet during the 1st quarter valued at about $609,000. OMERS ADMINISTRATION Corp increased its stake in Alphabet by 8.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 178,243 shares of the information services provider’s stock worth $184,863,000 after purchasing an additional 14,380 shares during the period. Finally, Wills Financial Group Inc. increased its stake in Alphabet by 18.9% in the 1st quarter. Wills Financial Group Inc. now owns 914 shares of the information services provider’s stock worth $947,000 after purchasing an additional 145 shares during the period. 30.54% of the stock is owned by institutional investors.
GOOGL opened at $1,046.58 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. Alphabet Inc has a 52-week low of $984.00 and a 52-week high of $1,291.44. The company has a market cap of $750.21 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.33 and a beta of 1.06.
Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $10.54 by $2.52. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. The firm had revenue of $27.16 billion for the quarter, compared to analysts’ expectations of $27.32 billion. As a group, equities analysts anticipate that Alphabet Inc will post 45.02 EPS for the current year.
A number of brokerages have commented on GOOGL. Guggenheim began coverage on Alphabet in a research note on Thursday. They issued a “buy” rating and a $1,330.00 price target on the stock. Nomura reaffirmed a “buy” rating and issued a $1,400.00 price target on shares of Alphabet in a research note on Tuesday. ValuEngine raised Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, December 1st. MKM Partners decreased their price target on Alphabet from $1,465.00 to $1,365.00 and set a “buy” rating on the stock in a research note on Monday, November 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $1,500.00 price target (down from $1,515.00) on shares of Alphabet in a research note on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $1,330.16.
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.
Featured Story: Google Finance Portfolio Tips and Tricks
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.