Actinver Wealth Management Inc. lifted its position in Alphabet Inc (NASDAQ:GOOGL) by 13.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 309 shares of the information services provider’s stock after purchasing an additional 37 shares during the quarter. Actinver Wealth Management Inc.’s holdings in Alphabet were worth $359,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. grew its position in Alphabet by 29.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 968,665 shares of the information services provider’s stock worth $1,297,422,000 after acquiring an additional 219,626 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in Alphabet during the fourth quarter valued at about $76,173,000. Eagle Asset Management Inc. boosted its position in Alphabet by 0.9% during the fourth quarter. Eagle Asset Management Inc. now owns 6,805 shares of the information services provider’s stock valued at $9,114,000 after buying an additional 63 shares during the period. Blue Whale Capital LLP purchased a new stake in Alphabet during the fourth quarter valued at about $9,670,000. Finally, Watchman Group Inc. purchased a new stake in Alphabet during the fourth quarter valued at about $2,104,000. 34.29% of the stock is currently owned by hedge funds and other institutional investors.
Shares of GOOGL stock opened at $1,413.24 on Friday. Alphabet Inc has a 12-month low of $1,008.87 and a 12-month high of $1,530.74. The company has a current ratio of 3.66, a quick ratio of 3.64 and a debt-to-equity ratio of 0.08. The firm’s 50 day moving average is $1,281.39 and its 200 day moving average is $1,330.33. The stock has a market capitalization of $960.27 billion, a P/E ratio of 28.52, a P/E/G ratio of 2.11 and a beta of 1.06.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, April 28th. The information services provider reported $9.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $11.16 by ($1.29). The business had revenue of $33.71 billion for the quarter, compared to analysts’ expectations of $32.59 billion. Alphabet had a return on equity of 17.43% and a net margin of 20.71%. During the same quarter in the prior year, the business earned $9.50 EPS. As a group, equities analysts predict that Alphabet Inc will post 41.47 earnings per share for the current year.
Several analysts have issued reports on GOOGL shares. Loop Capital increased their target price on shares of Alphabet from $1,320.00 to $1,400.00 in a report on Thursday, April 9th. Monness Crespi & Hardt dropped their target price on shares of Alphabet from $1,535.00 to $1,350.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Needham & Company LLC reiterated a “buy” rating and set a $1,800.00 target price on shares of Alphabet in a report on Thursday, March 5th. Barclays raised their price objective on shares of Alphabet from $1,300.00 to $1,400.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $1,550.00 price objective (up from $1,400.00) on shares of Alphabet in a report on Wednesday, April 29th. Four analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the stock. Alphabet has a consensus rating of “Buy” and an average price target 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 Story: Is the Dow Jones Industrial Average (DJIA) still relevant?
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (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.