UMB Bank N A MO Sells 183 Shares of Alphabet Inc Class A (GOOGL)

UMB Bank N A MO lowered its stake in Alphabet Inc Class A (NASDAQ:GOOGL) by 0.5% during the second quarter, HoldingsChannel.com reports. The firm owned 34,805 shares of the information services provider’s stock after selling 183 shares during the quarter. Alphabet Inc Class A comprises approximately 1.2% of UMB Bank N A MO’s portfolio, making the stock its 14th biggest holding. UMB Bank N A MO’s holdings in Alphabet Inc Class A were worth $39,302,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Well Done LLC purchased a new stake in shares of Alphabet Inc Class A in the first quarter valued at approximately $107,000. Westchester Capital Management Inc. boosted its stake in shares of Alphabet Inc Class A by 1,262.5% in the first quarter. Westchester Capital Management Inc. now owns 109 shares of the information services provider’s stock valued at $113,000 after buying an additional 101 shares in the last quarter. KHP Capital LLC purchased a new stake in shares of Alphabet Inc Class A in the first quarter valued at approximately $124,000. Private Ocean LLC boosted its position in Alphabet Inc Class A by 355.6% during the first quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock worth $127,000 after purchasing an additional 96 shares in the last quarter. Finally, Highlander Capital Management LLC boosted its position in Alphabet Inc Class A by 333.3% during the first quarter. Highlander Capital Management LLC now owns 130 shares of the information services provider’s stock worth $133,000 after purchasing an additional 100 shares in the last quarter. 33.53% of the stock is currently owned by institutional investors and hedge funds.

GOOGL has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $1,250.00 target price (up from $1,200.00) on shares of Alphabet Inc Class A in a research report on Thursday, June 28th. Zacks Investment Research downgraded Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. ValuEngine upgraded Alphabet Inc Class A from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Nomura initiated coverage on Alphabet Inc Class A in a research report on Tuesday, July 10th. They set a “buy” rating and a $1,400.00 target price on the stock. Finally, Barclays boosted their target price on Alphabet Inc Class A from $1,250.00 to $1,350.00 and gave the stock an “overweight” rating in a research report on Friday, July 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. Alphabet Inc Class A presently has a consensus rating of “Buy” and a consensus price target of $1,315.01.

NASDAQ GOOGL opened at $1,133.08 on Wednesday. Alphabet Inc Class A has a fifty-two week low of $977.08 and a fifty-two week high of $1,291.44. The firm has a market capitalization of $840.06 billion, a PE ratio of 35.35, a P/E/G ratio of 1.53 and a beta of 1.11. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02.

Alphabet Inc Class A (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $9.51 by $2.24. The company had revenue of $26.24 billion during the quarter, compared to analysts’ expectations of $25.64 billion. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. During the same period in the previous year, the firm posted $5.01 earnings per share. As a group, research analysts predict that Alphabet Inc Class A will post 42.53 earnings per share for the current fiscal year.

About Alphabet Inc Class A

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 Inc Class A (NASDAQ:GOOGL)

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