Hancock Whitney Corp raised its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 14.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,491 shares of the information services provider’s stock after purchasing an additional 2,409 shares during the quarter. Alphabet makes up 0.9% of Hancock Whitney Corp’s holdings, making the stock its 20th biggest position. Hancock Whitney Corp’s holdings in Alphabet were worth $22,647,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in GOOGL. Norges Bank acquired a new stake in Alphabet during the 4th quarter valued at $6,806,866,000. Girard Partners LTD. lifted its holdings in Alphabet by 9,648.1% during the 1st quarter. Girard Partners LTD. now owns 505,535 shares of the information services provider’s stock valued at $6,229,000 after purchasing an additional 500,349 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Alphabet during the 4th quarter valued at $332,028,000. Altarock Partners LLC acquired a new stake in Alphabet during the 4th quarter valued at $308,060,000. Finally, Parnassus Investments CA lifted its holdings in shares of Alphabet by 52.4% during the first quarter. Parnassus Investments CA now owns 642,966 shares of the information services provider’s stock worth $747,094,000 after buying an additional 220,952 shares in the last quarter. 34.29% of the stock is owned by institutional investors and hedge funds.
Shares of GOOGL stock opened at $1,413.24 on Friday. The business’s 50-day moving average price is $1,281.39 and its 200-day moving average price is $1,330.33. Alphabet Inc has a 12 month low of $1,008.87 and a 12 month high of $1,530.74. The firm has a market capitalization of $960.27 billion, a price-to-earnings ratio of 28.52, a PEG 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 EPS for the quarter, missing the Zacks’ consensus estimate of $11.16 by ($1.29). The firm had revenue of $33.71 billion for the quarter, compared to analyst estimates of $32.59 billion. Alphabet had a net margin of 20.71% and a return on equity of 17.43%. During the same period in the previous year, the business posted $9.50 earnings per share. On average, sell-side analysts predict that Alphabet Inc will post 41.47 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on GOOGL. Oppenheimer reissued a “buy” rating and set a $1,445.00 target price on shares of Alphabet in a report on Wednesday, April 29th. UBS Group dropped their target price on Alphabet from $1,675.00 to $1,530.00 and set a “buy” rating for the company in a report on Monday, March 30th. Independent Research raised Alphabet to a “buy” rating and set a $1,520.00 target price for the company in a report on Friday, March 13th. Aegis lifted their target price on Alphabet from $1,425.00 to $1,800.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, KeyCorp reissued a “buy” rating and set a $1,769.00 target price on shares of Alphabet in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and forty-three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $1,505.34.
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.
Featured Article: Google Finance
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.