Alphabet Inc (GOOGL) Holdings Boosted by Global Financial Private Capital LLC

Global Financial Private Capital LLC boosted its holdings in Alphabet Inc (NASDAQ:GOOGL) by 9.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,746 shares of the information services provider’s stock after buying an additional 425 shares during the quarter. Global Financial Private Capital LLC’s holdings in Alphabet were worth $5,729,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Alphabet by 0.3% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 62,368 shares of the information services provider’s stock worth $70,425,000 after buying an additional 216 shares during the period. Taylor Hoffman Wealth Management boosted its holdings in shares of Alphabet by 2,504.8% during the 2nd quarter. Taylor Hoffman Wealth Management now owns 547 shares of the information services provider’s stock worth $618,000 after buying an additional 526 shares during the period. Telemus Capital LLC boosted its holdings in shares of Alphabet by 2.2% during the 2nd quarter. Telemus Capital LLC now owns 13,086 shares of the information services provider’s stock worth $14,777,000 after buying an additional 279 shares during the period. Tdam USA Inc. boosted its holdings in shares of Alphabet by 2.5% during the 2nd quarter. Tdam USA Inc. now owns 3,364 shares of the information services provider’s stock worth $3,799,000 after buying an additional 83 shares during the period. Finally, Lee Financial Group Hawaii Inc. boosted its holdings in shares of Alphabet by 2.7% during the 2nd quarter. Lee Financial Group Hawaii Inc. now owns 2,558 shares of the information services provider’s stock worth $2,888,000 after buying an additional 67 shares during the period. 41.25% of the stock is owned by institutional investors and hedge funds.

Shares of Alphabet stock opened at $1,102.12 on Tuesday. The company has a market cap of $767.12 billion, a P/E ratio of 23.20, a P/E/G ratio of 1.33 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.89 and a current ratio of 3.92. Alphabet Inc has a 1 year low of $977.66 and a 1 year high of $1,291.44.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.08 by $1.69. The company had revenue of $31.84 billion for the quarter, compared to analyst estimates of $31.28 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. During the same period in the previous year, the firm posted $9.70 EPS. Equities research analysts forecast that Alphabet Inc will post 47.38 EPS for the current year.

Several brokerages have weighed in on GOOGL. Wells Fargo & Co set a $1,300.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research note on Tuesday, February 5th. William Blair reiterated an “outperform” rating on shares of Alphabet in a research note on Tuesday, February 5th. Wedbush reiterated an “outperform” rating and issued a $1,350.00 price objective on shares of Alphabet in a research note on Tuesday, February 5th. Nomura dropped their price objective on shares of Alphabet from $1,350.00 to $1,310.00 and set a “buy” rating for the company in a research note on Tuesday, February 5th. Finally, Citigroup dropped their price objective on shares of Alphabet from $1,350.00 to $1,325.00 and set a “buy” rating for the company in a research note on Tuesday, February 5th. Three analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $1,320.71.

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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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