Whitnell & Co. raised its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 42.2% during the 3rd quarter, Holdings Channel reports. The firm owned 1,301 shares of the information services provider’s stock after buying an additional 386 shares during the quarter. Whitnell & Co.’s holdings in Alphabet were worth $1,589,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of GOOGL. Litman Gregory Asset Management LLC acquired a new position in shares of Alphabet in the 2nd quarter valued at about $37,000. Garrett Wealth Advisory Group LLC acquired a new position in shares of Alphabet in the 3rd quarter valued at about $39,000. Lipe & Dalton acquired a new position in shares of Alphabet in the 2nd quarter valued at about $49,000. Johnson Financial Group Inc. lifted its holdings in shares of Alphabet by 26.3% in 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 during the period. Finally, Vista Private Wealth Partners. LLC acquired a new position in shares of Alphabet in the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 33.56% of the company’s stock.
Alphabet stock traded up $2.06 during mid-day trading on Friday, hitting $1,309.00. The company’s stock had a trading volume of 1,519,600 shares, compared to its average volume of 1,555,468. Alphabet Inc has a 1 year low of $977.66 and a 1 year high of $1,322.65. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $895.48 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01. The stock’s fifty day moving average is $1,241.32 and its two-hundred day moving average is $1,181.32.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $12.42 by ($2.30). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The business had revenue of $33.01 billion during the quarter, compared to analyst estimates of $32.84 billion. During the same quarter in the prior year, the business earned $13.06 earnings per share. On average, equities analysts expect that Alphabet Inc will post 49.05 EPS for the current fiscal year.
GOOGL has been the subject of several analyst reports. Morgan Stanley boosted 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. SunTrust Banks reissued a “buy” rating and issued a $1,400.00 price objective on shares of Alphabet in a report on Monday, October 28th. They noted that the move was a valuation call. Cowen set a $1,500.00 price objective on Alphabet and gave the company a “buy” rating in a report on Friday, July 26th. Royal Bank of Canada boosted their price objective on Alphabet from $1,425.00 to $1,500.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. Finally, Oppenheimer set a $1,370.00 price objective on Alphabet and gave the company a “buy” rating in a report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,406.25.
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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