Alphabet Inc. (GOOGL) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 58,623 shares of the information services provider’s stock after selling 1,160 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Alphabet were worth $49,747,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Alphabet during the first quarter worth approximately $254,000. Peapack Gladstone Financial Corp raised its position in shares of Alphabet by 8.3% in the first quarter. Peapack Gladstone Financial Corp now owns 20,428 shares of the information services provider’s stock worth $17,319,000 after buying an additional 1,569 shares during the period. South Texas Money Management Ltd. raised its position in shares of Alphabet by 9.2% in the first quarter. South Texas Money Management Ltd. now owns 521 shares of the information services provider’s stock worth $442,000 after buying an additional 44 shares during the period. Delta Lloyd NV raised its position in shares of Alphabet by 13.3% in the first quarter. Delta Lloyd NV now owns 26,806 shares of the information services provider’s stock worth $24,783,000 after buying an additional 3,141 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Alphabet by 13.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 260 shares of the information services provider’s stock worth $220,000 after buying an additional 30 shares during the period. Institutional investors own 34.12% of the company’s stock.

Shares of Alphabet Inc. (GOOGL) opened at 926.18 on Friday. The company has a market cap of $641.73 billion, a P/E ratio of 33.57 and a beta of 0.99. Alphabet Inc. has a 12-month low of $743.59 and a 12-month high of $1,008.61. The company has a 50-day moving average price of $952.51 and a 200-day moving average price of $912.15.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by $3.24. The company 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 firm posted $8.42 earnings per share. On average, analysts predict that Alphabet Inc. will post $30.60 earnings per share for the current year.

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A number of research firms recently issued reports on GOOGL. Instinet reaffirmed a “buy” rating and set a $925.00 target price on shares of Alphabet in a report on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $1,200.00 target price (up from $1,000.00) on shares of Alphabet in a report on Friday, April 28th. Zacks Investment Research lowered Alphabet from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) lowered their target price on Alphabet from $1,100.00 to $970.00 and set a “buy” rating on the stock in a report on Friday, April 28th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Alphabet in a report on Friday, June 30th. One equities research 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 company. Alphabet presently has a consensus rating of “Buy” and a consensus target price of $1,053.45.

About Alphabet

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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