Jacobs & Co. CA Lowers Holdings in Alphabet Inc. (NASDAQ:GOOG)


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Jacobs & Co. CA trimmed its holdings in Alphabet Inc. (NASDAQ:GOOG) by 5.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 7,755 shares of the information services provider’s stock after selling 422 shares during the period. Alphabet accounts for 2.0% of Jacobs & Co. CA’s holdings, making the stock its 12th biggest holding. Jacobs & Co. CA’s holdings in Alphabet were worth $16,042,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in Alphabet by 0.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,443,194 shares of the information services provider’s stock valued at $23,550,863,000 after purchasing an additional 46,822 shares during the last quarter. FMR LLC boosted its stake in shares of Alphabet by 0.9% during the 4th quarter. FMR LLC now owns 7,753,822 shares of the information services provider’s stock worth $13,583,766,000 after acquiring an additional 66,564 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Alphabet by 2.6% during the 4th quarter. Nuveen Asset Management LLC now owns 2,888,003 shares of the information services provider’s stock worth $5,059,434,000 after acquiring an additional 73,880 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Alphabet by 4.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,789,377 shares of the information services provider’s stock worth $4,886,654,000 after acquiring an additional 106,316 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Alphabet by 6.5% during the 4th quarter. Morgan Stanley now owns 2,509,483 shares of the information services provider’s stock worth $4,396,316,000 after acquiring an additional 152,485 shares in the last quarter. 31.94% of the stock is currently owned by institutional investors.

Shares of NASDAQ:GOOG traded up $14.41 during mid-day trading on Thursday, reaching $2,264.09. 26,713 shares of the company were exchanged, compared to its average volume of 1,599,775. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.41 and a quick ratio of 3.39. The firm has a market cap of $1.53 trillion, a price-to-earnings ratio of 43.84, a P/E/G ratio of 1.66 and a beta of 0.98. The firm’s 50-day simple moving average is $2,078.40 and its 200 day simple moving average is $1,819.99. Alphabet Inc. has a 1 year low of $1,187.60 and a 1 year high of $2,255.00.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, February 1st. The information services provider reported $22.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $15.91 by $6.39. The firm had revenue of $56.90 billion during the quarter, compared to analysts’ expectations of $52.86 billion. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the company posted $15.35 EPS. On average, research analysts forecast that Alphabet Inc. will post 52.19 earnings per share for the current fiscal year.

In other Alphabet news, SVP Philipp Schindler sold 1,385 shares of the firm’s stock in a transaction that occurred on Monday, February 1st. The shares were sold at an average price of $1,852.09, for a total value of $2,565,144.65. Following the completion of the transaction, the senior vice president now owns 18,712 shares of the company’s stock, valued at approximately $34,656,308.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Kent Walker sold 2,570 shares of the firm’s stock in a transaction that occurred on Monday, March 29th. The shares were sold at an average price of $2,037.34, for a total transaction of $5,235,963.80. Following the completion of the transaction, the senior vice president now directly owns 26,707 shares of the company’s stock, valued at approximately $54,411,239.38. The disclosure for this sale can be found here. Insiders sold a total of 14,034 shares of company stock valued at $28,870,417 in the last three months. 12.99% of the stock is currently owned by corporate insiders.

GOOG has been the topic of several recent analyst reports. Credit Suisse Group reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 3rd. Canaccord Genuity increased their target price on shares of Alphabet from $2,250.00 to $2,400.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. They noted that the move was a valuation call. Wedbush increased their target price on shares of Alphabet from $2,150.00 to $2,470.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 3rd. Mizuho raised their price target on shares of Alphabet from $2,100.00 to $2,350.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Finally, Barclays reaffirmed a “buy” rating on shares of Alphabet in a research note on Thursday, February 4th. One equities research analyst has rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $2,244.11.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

See Also: SEC Filing

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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