BTIM Corp. Sells 1,107 Shares of Alphabet Inc. (GOOGL)

BTIM Corp. reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,817 shares of the information services provider’s stock after selling 1,107 shares during the period. BTIM Corp.’s holdings in Alphabet were worth $27,822,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. increased its position in Alphabet by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 170 shares of the information services provider’s stock worth $135,000 after buying an additional 1 shares in the last quarter. InterOcean Capital LLC increased its position in Alphabet by 0.3% in the fourth quarter. InterOcean Capital LLC now owns 971 shares of the information services provider’s stock worth $769,000 after buying an additional 3 shares in the last quarter. Cordasco Financial Network increased its position in Alphabet by 2.2% in the first quarter. Cordasco Financial Network now owns 235 shares of the information services provider’s stock worth $199,000 after buying an additional 5 shares in the last quarter. Glassman Wealth Services increased its position in Alphabet by 1.6% in the fourth quarter. Glassman Wealth Services now owns 370 shares of the information services provider’s stock worth $293,000 after buying an additional 6 shares in the last quarter. Finally, Stearns Financial Services Group increased its position in Alphabet by 0.5% in the fourth quarter. Stearns Financial Services Group now owns 1,388 shares of the information services provider’s stock worth $1,100,000 after buying an additional 7 shares in the last quarter. 34.36% of the stock is owned by hedge funds and other institutional investors.

Shares of Alphabet Inc. (GOOGL) traded up 0.61% during mid-day trading on Friday, hitting $958.33. 1,813,794 shares of the stock were exchanged. The company has a 50-day moving average price of $964.19 and a 200-day moving average price of $901.58. The stock has a market cap of $664.01 billion, a price-to-earnings ratio of 34.73 and a beta of 1.00. Alphabet Inc. has a 12 month low of $743.59 and a 12 month high of $1,008.61.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.25 by $3.24. The business had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same period in the previous year, the business posted $8.42 earnings per share. Equities analysts expect that Alphabet Inc. will post $30.63 earnings per share for the current year.

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Several research analysts have weighed in on the stock. Aegis reissued a “buy” rating and issued a $1,011.00 price target on shares of Alphabet in a report on Sunday, April 2nd. BMO Capital Markets cut shares of Alphabet from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $1,005.00 to $880.00 in a report on Tuesday, April 4th. FBN Securities reduced their price target on shares of Alphabet from $1,050.00 to $1,025.00 and set an “outperform” rating on the stock in a research report on Thursday, April 6th. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $902.63 price target on the stock in a research report on Monday, April 10th. Finally, Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Monday, April 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,043.51.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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