GYL Financial Synergies LLC raised its position in Alphabet Inc (NASDAQ:GOOGL) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 702 shares of the information services provider’s stock after acquiring an additional 15 shares during the quarter. GYL Financial Synergies LLC’s holdings in Alphabet were worth $940,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. TFO TDC LLC bought a new position in shares of Alphabet in the fourth quarter worth about $32,000. BigSur Wealth Management LLC bought a new position in shares of Alphabet in the fourth quarter worth about $33,000. Cedar Mountain Advisors LLC bought a new position in shares of Alphabet in the fourth quarter worth about $35,000. Roof Eidam & Maycock ADV bought a new position in shares of Alphabet in the third quarter worth about $33,000. Finally, Garrett Wealth Advisory Group LLC bought a new position in shares of Alphabet in the third quarter worth about $39,000. 33.93% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on the company. UBS Group raised their price objective on Alphabet from $1,460.00 to $1,675.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Jefferies Financial Group increased their target price on Alphabet from $1,500.00 to $1,550.00 in a research report on Tuesday, October 29th. Barclays reiterated a “buy” rating and set a $1,635.00 target price on shares of Alphabet in a research report on Wednesday, February 5th. Credit Suisse Group reiterated an “outperform” rating and set a $1,700.00 target price (up previously from $1,500.00) on shares of Alphabet in a research report on Wednesday, October 23rd. They noted that the move was a valuation call. Finally, Piper Jaffray Companies initiated coverage on Alphabet in a research report on Tuesday, December 3rd. They set an “overweight” rating and a $1,500.00 target price for the company. Six analysts have rated the stock with a hold rating and forty have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $1,521.84.
NASDAQ GOOGL opened at $1,513.39 on Friday. The stock has a market capitalization of $1,049.74 billion, a PE ratio of 30.77, a P/E/G ratio of 1.69 and a beta of 1.02. The business has a 50 day simple moving average of $1,431.80 and a two-hundred day simple moving average of $1,296.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 3.35. Alphabet Inc has a 1-year low of $1,027.03 and a 1-year high of $1,529.88.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, February 3rd. The information services provider reported $15.35 earnings per share for the quarter, beating the consensus estimate of $12.76 by $2.59. The business had revenue of $37.57 billion during the quarter, compared to analysts’ expectations of $38.44 billion. Alphabet had a return on equity of 18.66% and a net margin of 21.22%. During the same quarter last year, the business posted $12.77 EPS. On average, analysts anticipate that Alphabet Inc will post 54.5 EPS for the current fiscal year.
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.
Further Reading: Google Finance Portfolio
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