Capital Analysts LLC grew its position in Alphabet Inc (NASDAQ:GOOGL) by 15.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334 shares of the information services provider’s stock after buying an additional 45 shares during the quarter. Capital Analysts LLC’s holdings in Alphabet were worth $388,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in GOOGL. Stephenson National Bank & Trust acquired a new position in shares of Alphabet in the fourth quarter worth about $27,000. Cox Capital Mgt LLC acquired a new position in shares of Alphabet in the first quarter worth about $27,000. TFO TDC LLC acquired a new stake in shares of Alphabet during the fourth quarter worth approximately $32,000. BigSur Wealth Management LLC acquired a new stake in shares of Alphabet during the fourth quarter worth approximately $33,000. Finally, HighMark Wealth Management LLC acquired a new stake in shares of Alphabet during the fourth quarter worth approximately $34,000. Institutional investors own 34.29% of the company’s stock.
GOOGL has been the subject of several research reports. Oppenheimer restated a “buy” rating and set a $1,445.00 price target on shares of Alphabet in a report on Wednesday, April 29th. MKM Partners raised their price target on shares of Alphabet from $1,400.00 to $1,500.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. raised their price target on shares of Alphabet from $1,340.00 to $1,505.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Atlantic Securities restated a “buy” rating and set a $1,500.00 price target on shares of Alphabet in a report on Wednesday, April 29th. Finally, Nomura Instinet raised their price target on shares of Alphabet from $1,680.00 to $1,700.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Four analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,505.34.
Shares of GOOGL stock opened at $1,413.24 on Friday. Alphabet Inc has a 1 year low of $1,008.87 and a 1 year high of $1,530.74. The firm’s fifty day simple moving average is $1,281.39 and its 200 day simple moving average is $1,330.33. The firm has a market capitalization of $960.27 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. The company has a current ratio of 3.66, a quick ratio of 3.64 and a debt-to-equity ratio of 0.08.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, April 28th. The information services provider reported $9.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $11.16 by ($1.29). The business had revenue of $33.71 billion during the quarter, compared to the consensus estimate of $32.59 billion. Alphabet had a net margin of 20.71% and a return on equity of 17.43%. During the same period last year, the firm earned $9.50 EPS. Equities research analysts anticipate that Alphabet Inc will post 41.47 EPS 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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