BDO Wealth Advisors LLC Has $914,000 Stake in Alphabet Inc (NASDAQ:GOOGL)

BDO Wealth Advisors LLC lifted its stake in Alphabet Inc (NASDAQ:GOOGL) by 20.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 939 shares of the information services provider’s stock after acquiring an additional 157 shares during the quarter. BDO Wealth Advisors LLC’s holdings in Alphabet were worth $914,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GOOGL. First Interstate Bank lifted its holdings in shares of Alphabet by 41.8% in the third quarter. First Interstate Bank now owns 6,918 shares of the information services provider’s stock worth $6,737,000 after buying an additional 2,038 shares in the last quarter. America First Investment Advisors LLC lifted its holdings in shares of Alphabet by 1.6% in the third quarter. America First Investment Advisors LLC now owns 13,745 shares of the information services provider’s stock worth $13,383,000 after buying an additional 216 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Alphabet by 3.7% in the third quarter. Brighton Jones LLC now owns 1,671 shares of the information services provider’s stock worth $1,627,000 after buying an additional 59 shares in the last quarter. ProVise Management Group LLC increased its position in Alphabet by 1.2% in the third quarter. ProVise Management Group LLC now owns 6,294 shares of the information services provider’s stock worth $6,129,000 after purchasing an additional 76 shares during the last quarter. Finally, Mawer Investment Management Ltd. increased its position in Alphabet by 3.0% in the third quarter. Mawer Investment Management Ltd. now owns 81,515 shares of the information services provider’s stock worth $79,348,000 after purchasing an additional 2,339 shares during the last quarter. 33.60% of the stock is currently owned by institutional investors.

Several brokerages recently weighed in on GOOGL. Vetr cut shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,211.78 price target on the stock. in a research report on Tuesday, February 6th. William Blair restated an “outperform” rating on shares of Alphabet in a research report on Thursday, February 1st. Argus boosted their price target on shares of Alphabet to $1,300.00 in a research report on Monday, February 5th. Aegis restated a “buy” rating and issued a $1,350.00 price target on shares of Alphabet in a research report on Sunday, February 4th. Finally, Oppenheimer boosted their price target on shares of Alphabet from $1,180.00 to $1,340.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and a consensus target price of $1,157.02.

Alphabet Inc (NASDAQ GOOGL) traded up $8.29 during trading hours on Monday, reaching $1,054.56. 2,811,077 shares of the company were exchanged, compared to its average volume of 2,120,000. Alphabet Inc has a 52 week low of $824.30 and a 52 week high of $1,198.00. The stock has a market capitalization of $729,860.00, a price-to-earnings ratio of 58.72, a PEG ratio of 1.08 and a beta of 0.95. The company has a current ratio of 5.14, a quick ratio of 5.11 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $10.12 by ($0.42). Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The business had revenue of $25.87 billion during the quarter, compared to analysts’ expectations of $25.65 billion. sell-side analysts predict that Alphabet Inc will post 42.51 EPS for the current fiscal year.

Alphabet announced that its board has approved a stock buyback plan on Thursday, February 1st that permits the company to buyback $8.59 billion in shares. This buyback authorization permits the information services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: “BDO Wealth Advisors LLC Has $914,000 Stake in Alphabet Inc (NASDAQ:GOOGL)” was posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.thelincolnianonline.com/2018/02/12/bdo-wealth-advisors-llc-purchases-157-shares-of-alphabet-inc-googl-updated.html.

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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.

Leave a Reply