Donaldson Capital Management LLC Boosts Stake in Alphabet Inc (NASDAQ:GOOGL)

Donaldson Capital Management LLC boosted its stake in Alphabet Inc (NASDAQ:GOOGL) by 110.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 546 shares of the information services provider’s stock after buying an additional 287 shares during the quarter. Donaldson Capital Management LLC’s holdings in Alphabet were worth $667,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Litman Gregory Asset Management LLC purchased a new position in Alphabet during the 2nd quarter valued at $37,000. Garrett Wealth Advisory Group LLC bought a new position in shares of Alphabet in the 3rd quarter worth $39,000. Lipe & Dalton bought a new position in shares of Alphabet in the 2nd quarter worth $49,000. Johnson Financial Group Inc. increased its position in Alphabet by 26.3% during the 2nd quarter. Johnson Financial Group Inc. now owns 48 shares of the information services provider’s stock valued at $52,000 after buying an additional 10 shares in the last quarter. Finally, Vista Private Wealth Partners. LLC acquired a new position in Alphabet during the 3rd quarter valued at about $60,000. Institutional investors own 33.56% of the company’s stock.

Several research analysts recently issued reports on GOOGL shares. Cowen set a $1,500.00 target price on Alphabet and gave the company a “buy” rating in a research report on Friday, July 26th. Raymond James reaffirmed an “outperform” rating on shares of Alphabet in a research report on Wednesday, October 30th. Susquehanna Bancshares increased their price objective on Alphabet to $1,550.00 in a report on Friday, July 26th. Barclays reissued a “buy” rating and issued a $1,400.00 price objective on shares of Alphabet in a report on Tuesday, October 29th. Finally, Morgan Stanley increased their price objective on Alphabet from $1,400.00 to $1,450.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $1,406.25.

GOOGL traded up $0.53 during trading hours on Friday, hitting $1,307.47. 148,746 shares of the company’s stock were exchanged, compared to its average volume of 1,389,441. Alphabet Inc has a 1-year low of $977.66 and a 1-year high of $1,322.65. The stock’s 50-day moving average is $1,240.01 and its two-hundred day moving average is $1,181.01. The stock has a market cap of $895.48 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.58 and a beta of 1.01. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $12.42 by ($2.30). Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The business had revenue of $33.01 billion for the quarter, compared to analyst estimates of $32.84 billion. During the same quarter in the previous year, the company posted $13.06 EPS. On average, equities research analysts anticipate that Alphabet Inc will post 49.05 EPS for the current year.

Alphabet 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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