Janus Henderson Group PLC Lowers Stock Holdings in Alphabet Inc (NASDAQ:GOOGL)

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Janus Henderson Group PLC reduced its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 8.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 687,705 shares of the information services provider’s stock after selling 62,412 shares during the period. Janus Henderson Group PLC owned about 0.10% of Alphabet worth $744,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in shares of Alphabet by 7.9% during the second quarter. Signaturefd LLC now owns 3,815 shares of the information services provider’s stock worth $4,131,000 after buying an additional 280 shares during the period. Camarda Financial Advisors LLC boosted its holdings in Alphabet by 31.5% in the second quarter. Camarda Financial Advisors LLC now owns 117 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 28 shares during the period. Cutter & CO Brokerage Inc. purchased a new position in Alphabet in the second quarter valued at $567,000. Advisor Group Inc. boosted its holdings in Alphabet by 3.3% in the second quarter. Advisor Group Inc. now owns 36,020 shares of the information services provider’s stock valued at $39,009,000 after purchasing an additional 1,165 shares during the period. Finally, Canal Capital Management LLC boosted its holdings in Alphabet by 7.0% in the second quarter. Canal Capital Management LLC now owns 1,237 shares of the information services provider’s stock valued at $1,339,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 34.09% of the company’s stock.

GOOGL opened at $1,173.75 on Thursday. The business’s 50-day simple moving average is $1,175.59 and its 200-day simple moving average is $1,160.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98. Alphabet Inc has a one year low of $977.66 and a one year high of $1,296.97. The stock has a market capitalization of $812.09 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.29 and a beta of 0.97.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, topping the Zacks’ consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The business had revenue of $31.71 billion for the quarter, compared to analysts’ expectations of $30.90 billion. On average, equities research analysts forecast that Alphabet Inc will post 51.94 EPS for the current fiscal year.

GOOGL has been the subject of a number of recent research reports. Wedbush lifted their target price on Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. They noted that the move was a valuation call. BMO Capital Markets lifted their target price on Alphabet to $1,225.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Royal Bank of Canada lifted their target price on Alphabet to $1,425.00 and gave the company an “outperform” rating in a report on Friday, July 26th. KeyCorp reiterated an “overweight” rating and issued a $1,516.00 target price (up from $1,430.00) on shares of Alphabet in a report on Friday, July 26th. Finally, Mizuho lifted their target price on Alphabet from $1,350.00 to $1,400.00 and gave the company a “buy” rating in a report on Friday, July 26th. Eight analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,371.05.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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