Alphabet Inc. (GOOGL) Stake Lowered by Vontobel Swiss Wealth Advisors AG

Vontobel Swiss Wealth Advisors AG lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 11.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,737 shares of the information services provider’s stock after selling 216 shares during the period. Vontobel Swiss Wealth Advisors AG’s holdings in Alphabet were worth $1,473,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Delta Asset Management LLC TN boosted its stake in Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after buying an additional 2 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its stake in Alphabet by 58.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after buying an additional 56 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake 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 valued at $135,000 after buying an additional 1 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Alphabet by 22.6% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 179 shares of the information services provider’s stock valued at $152,000 after buying an additional 33 shares in the last quarter. Finally, Cordasco Financial Network boosted its stake in Alphabet by 2.2% in the first quarter. Cordasco Financial Network now owns 235 shares of the information services provider’s stock valued at $199,000 after buying an additional 5 shares in the last quarter. 34.31% of the stock is currently owned by institutional investors.

Alphabet Inc. (NASDAQ GOOGL) opened at 937.45 on Wednesday. The stock’s 50 day moving average is $961.20 and its 200 day moving average is $905.21. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61. The firm has a market capitalization of $649.54 billion, a price-to-earnings ratio of 33.97 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last posted 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. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company had revenue of $20.92 billion for the quarter, compared to analysts’ expectations of $20.83 billion. During the same quarter last year, the business posted $8.42 EPS. Analysts predict that Alphabet Inc. will post $30.59 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Alphabet Inc. (GOOGL) Stake Lowered by Vontobel Swiss Wealth Advisors AG” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://sportsperspectives.com/2017/08/09/alphabet-inc-googl-stake-lowered-by-vontobel-swiss-wealth-advisors-ag.html.

GOOGL has been the topic of several research reports. B. Riley reaffirmed a “buy” rating and issued a $1,032.00 price objective on shares of Alphabet in a research report on Friday, April 28th. MKM Partners reaffirmed a “buy” rating and issued a $1,000.00 price objective on shares of Alphabet in a research report on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $1,000.00 price objective on shares of Alphabet in a research report on Tuesday, April 18th. Instinet reaffirmed a “buy” rating and issued a $925.00 price objective on shares of Alphabet in a research report on Tuesday, April 25th. Finally, Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $962.00 price objective on the stock in a research report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $1,047.77.

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply