Alphabet Inc. (GOOGL) Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,920 shares of the information services provider’s stock after selling 457 shares during the period. Dupont Capital Management Corp’s holdings in Alphabet were worth $9,396,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Koch Industries Inc. increased its holdings in Alphabet by 181,219.4% in the 2nd quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock worth $1,085,000 after purchasing an additional 1,085,504 shares in the last quarter. Vanguard Group Inc. increased its holdings in Alphabet by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after purchasing an additional 662,279 shares in the last quarter. BlackRock Inc. increased its holdings in Alphabet by 3.1% in the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after purchasing an additional 567,337 shares in the last quarter. FMR LLC increased its holdings in Alphabet by 2.1% in the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after purchasing an additional 367,634 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its holdings in Alphabet by 68.2% in the 3rd quarter. State of Wisconsin Investment Board now owns 708,458 shares of the information services provider’s stock worth $689,840,000 after purchasing an additional 287,287 shares in the last quarter. 34.38% of the stock is owned by institutional investors.

A number of brokerages have issued reports on GOOGL. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,330.00 target price for the company in a report on Monday, January 29th. Deutsche Bank reaffirmed a “buy” rating and issued a $1,400.00 target price on shares of Alphabet in a report on Monday, January 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,215.00 target price (up previously from $1,210.00) on shares of Alphabet in a report on Friday, January 26th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $1,250.00 target price (up previously from $1,120.00) on shares of Alphabet in a report on Monday, January 29th. Finally, Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,243.88 target price for the company in a report on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $1,172.65.



Shares of NASDAQ:GOOGL opened at $1,025.06 on Thursday. The company has a market capitalization of $708,741.25, a price-to-earnings ratio of 31.98, a PEG ratio of 1.09 and a beta of 1.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14. Alphabet Inc. has a 52-week low of $837.59 and a 52-week high of $1,198.00.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.12 by ($0.42). The firm had revenue of $25.87 billion during the quarter, compared to the consensus estimate of $25.65 billion. Alphabet had a return on equity of 14.94% and a net margin of 11.42%. equities research analysts anticipate that Alphabet Inc. will post 41.21 earnings per share for the current year.

Alphabet declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 1st that permits the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

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About Alphabet

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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