Dupont Capital Management Corp Sells 208 Shares of Alphabet Inc (NASDAQ:GOOGL)

Dupont Capital Management Corp cut its stake in Alphabet Inc (NASDAQ:GOOGL) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,154 shares of the information services provider’s stock after selling 208 shares during the quarter. Dupont Capital Management Corp’s holdings in Alphabet were worth $8,829,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Belvedere Advisors LLC purchased a new position in shares of Alphabet in the first quarter worth approximately $38,000. Thor Advisors LLC purchased a new position in shares of Alphabet in the first quarter worth approximately $45,000. Lipe & Dalton purchased a new position in shares of Alphabet in the second quarter worth approximately $49,000. JJJ Advisors Inc. boosted its holdings in shares of Alphabet by 204.8% in the second quarter. JJJ Advisors Inc. now owns 64 shares of the information services provider’s stock worth $69,000 after buying an additional 43 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in shares of Alphabet by 8,900.0% in the second quarter. Financial Management Professionals Inc. now owns 90 shares of the information services provider’s stock worth $97,000 after buying an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 33.96% of the company’s stock.

Several equities analysts have weighed in on GOOGL shares. China Renaissance Securities started coverage on shares of Alphabet in a report on Wednesday, May 29th. They set a “hold” rating and a $1,270.00 price target on the stock. MKM Partners reaffirmed a “buy” rating and set a $1,450.00 price target on shares of Alphabet in a report on Friday, August 2nd. FBN Securities set a $1,400.00 price target on shares of Alphabet and gave the company a “buy” rating in a report on Friday, July 26th. Credit Suisse Group lifted their price target on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Cowen set a $1,500.00 price target on shares of Alphabet and gave the company a “buy” rating in a report on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $1,371.05.

Alphabet stock opened at $1,196.73 on Wednesday. The company has a market capitalization of $824.38 billion, a PE ratio of 25.19, a P/E/G ratio of 1.31 and a beta of 0.97. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98. Alphabet Inc has a 1 year low of $977.66 and a 1 year high of $1,296.97. The firm’s 50 day moving average is $1,154.57.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.49 by $2.72. The firm had revenue of $31.71 billion for the quarter, compared to analysts’ expectations of $30.90 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. Sell-side analysts expect that Alphabet Inc will post 51.94 earnings per share for the current fiscal year.

Alphabet Company Profile

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 (NASDAQ:GOOGL)

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