Bbva Compass Bancshares Inc. cut its stake in Alphabet Inc (NASDAQ:GOOGL) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,801 shares of the information services provider’s stock after selling 480 shares during the period. Alphabet accounts for approximately 1.3% of Bbva Compass Bancshares Inc.’s portfolio, making the stock its 14th largest position. Bbva Compass Bancshares Inc.’s holdings in Alphabet were worth $19,281,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of GOOGL. State of Alaska Department of Revenue purchased a new position in Alphabet in the 2nd quarter worth approximately $102,000. Parkside Financial Bank & Trust grew its position in Alphabet by 39.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after purchasing an additional 36 shares during the period. Odey Holdings AG grew its position in Alphabet by 18.2% in the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after purchasing an additional 20 shares during the period. Farmers National Bank grew its position in Alphabet by 2.7% in the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after purchasing an additional 4 shares during the period. Finally, Lloyds Banking Group plc bought a new stake in Alphabet in the 2nd quarter worth approximately $133,000. Institutional investors and hedge funds own 33.63% of the company’s stock.

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A number of brokerages have recently issued reports on GOOGL. Stifel Nicolaus boosted their price objective on shares of Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Cowen boosted their price objective on shares of Alphabet from $1,150.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. Piper Jaffray Companies reissued a “buy” rating and set a $1,150.00 price objective on shares of Alphabet in a research report on Thursday, October 19th. Citigroup reissued a “buy” rating on shares of Alphabet in a research report on Monday, October 30th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $970.00 target price on shares of Alphabet in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. Alphabet has a consensus rating of “Buy” and an average target price of $1,114.05.

Shares of Alphabet Inc (NASDAQ:GOOGL) traded down $1.08 during midday trading on Monday, hitting $1,186.48. 1,533,931 shares of the stock traded hands, compared to its average volume of 1,480,000. The stock has a market cap of $820,280.00, a PE ratio of 39.52, a price-to-earnings-growth ratio of 1.55 and a beta of 0.90. Alphabet Inc has a 52-week low of $812.05 and a 52-week high of $1,198.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same period in the prior year, the firm posted $9.06 EPS. equities analysts forecast that Alphabet Inc will post 32.36 EPS for the current fiscal year.

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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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