Bp Plc Sells 100 Shares of Alphabet Inc (GOOGL)
Bp Plc trimmed its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 37,200 shares of the information services provider’s stock after selling 100 shares during the period. Alphabet accounts for about 1.4% of Bp Plc’s investment portfolio, making the stock its 9th biggest holding. Bp Plc’s holdings in Alphabet were worth $44,917,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the business. Jaffetilchin Investment Partners LLC increased its holdings in shares of Alphabet by 7.7% during the second quarter. Jaffetilchin Investment Partners LLC now owns 572 shares of the information services provider’s stock valued at $646,000 after acquiring an additional 41 shares in the last quarter. M Holdings Securities Inc. increased its holdings in Alphabet by 2.0% in the 2nd quarter. M Holdings Securities Inc. now owns 2,096 shares of the information services provider’s stock worth $2,367,000 after buying an additional 42 shares during the period. Warren Averett Asset Management LLC increased its holdings in Alphabet by 2.7% in the 2nd quarter. Warren Averett Asset Management LLC now owns 1,659 shares of the information services provider’s stock worth $1,873,000 after buying an additional 44 shares during the period. Wagner Bowman Management Corp increased its holdings in Alphabet by 5.6% in the 2nd quarter. Wagner Bowman Management Corp now owns 854 shares of the information services provider’s stock worth $964,000 after buying an additional 45 shares during the period. Finally, BHK Investment Advisors LLC increased its holdings in Alphabet by 17.3% in the 2nd quarter. BHK Investment Advisors LLC now owns 305 shares of the information services provider’s stock worth $344,000 after buying an additional 45 shares during the period. 33.41% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on GOOGL shares. Morgan Stanley reiterated an “overweight” rating and issued a $1,500.00 price target (down previously from $1,515.00) on shares of Alphabet in a report on Wednesday, November 14th. ValuEngine downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Deutsche Bank reiterated a “buy” rating and issued a $1,300.00 price target on shares of Alphabet in a report on Wednesday, January 23rd. Wells Fargo & Co set a $1,300.00 price target on shares of Alphabet and gave the stock a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada cut their price target on shares of Alphabet to $1,300.00 and set an “outperform” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and a consensus price target of $1,320.71.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping analysts’ consensus estimates of $11.08 by $1.69. The business had revenue of $31.84 billion for the quarter, compared to analysts’ expectations of $31.28 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. During the same quarter last year, the company earned $9.70 EPS. As a group, analysts forecast that Alphabet Inc will post 48.23 EPS for the current fiscal year.
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Alphabet Company 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.
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