Dubuque Bank & Trust Co. Cuts Holdings in Alphabet Inc (NASDAQ:GOOG)

Dubuque Bank & Trust Co. reduced its position in Alphabet Inc (NASDAQ:GOOG) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 902 shares of the information services provider’s stock after selling 10 shares during the quarter. Dubuque Bank & Trust Co.’s holdings in Alphabet were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GOOG. Lunia Capital LP raised its position in shares of Alphabet by 135,522.5% in the 4th quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock worth $16,870,000 after buying an additional 16,857,647 shares during the period. Nuveen Asset Management LLC raised its position in Alphabet by 6,515.2% in the second quarter. Nuveen Asset Management LLC now owns 3,039,672 shares of the information services provider’s stock valued at $3,285,612,000 after purchasing an additional 2,993,722 shares during the period. Price T Rowe Associates Inc. MD raised its position in Alphabet by 6.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,480,467 shares of the information services provider’s stock valued at $12,409,352,000 after purchasing an additional 674,924 shares during the period. Investec Asset Management LTD raised its position in Alphabet by 2,660.9% in the second quarter. Investec Asset Management LTD now owns 648,507 shares of the information services provider’s stock valued at $19,478,000 after purchasing an additional 625,018 shares during the period. Finally, BlackRock Inc. raised its position in Alphabet by 3.1% in the second quarter. BlackRock Inc. now owns 20,205,186 shares of the information services provider’s stock valued at $21,839,988,000 after purchasing an additional 612,804 shares during the period. 33.79% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on the company. Zacks Investment Research lowered Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wedbush raised their price objective on Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. Benchmark reissued a “buy” rating and issued a $1,360.00 price objective (up from $1,315.00) on shares of Alphabet in a research report on Friday, July 26th. Finally, Barclays reissued a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,378.93.



In other news, Director John L. Hennessy sold 150 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $1,225.00, for a total transaction of $183,750.00. Following the completion of the sale, the director now directly owns 276 shares in the company, valued at $338,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann Mather sold 25 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $1,219.01, for a total value of $30,475.25. Following the sale, the director now owns 1,816 shares of the company’s stock, valued at $2,213,722.16. The disclosure for this sale can be found here. Insiders have sold 5,391 shares of company stock valued at $6,502,992 over the last 90 days. Insiders own 12.99% of the company’s stock.

Shares of Alphabet stock traded up $6.06 during trading hours on Thursday, hitting $1,208.37. 61,695 shares of the company’s stock traded hands, compared to its average volume of 1,369,797. The stock has a 50 day simple moving average of $1,204.62 and a 200-day simple moving average of $1,171.61. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The company has a market cap of $837.40 billion, a PE ratio of 25.44, a PEG ratio of 1.41 and a beta of 0.99. Alphabet Inc has a twelve month low of $970.11 and a twelve month high of $1,289.27.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, beating the consensus estimate of $11.49 by $2.72. The company had revenue of $38.94 billion during the quarter, compared to the consensus estimate of $38.21 billion. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The company’s revenue was up 19.3% on a year-over-year basis. During the same period last year, the firm earned $11.75 earnings per share. As a group, equities research analysts predict that Alphabet Inc will post 51.66 EPS for the current year.

About Alphabet

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

See Also: Net Asset Value

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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