Capital Analysts LLC boosted its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 15.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 334 shares of the information services provider’s stock after buying an additional 45 shares during the quarter. Capital Analysts LLC’s holdings in Alphabet were worth $388,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. increased its stake in shares of Alphabet by 29.3% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 968,665 shares of the information services provider’s stock valued at $1,297,422,000 after acquiring an additional 219,626 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of Alphabet in the 4th quarter valued at about $76,173,000. Eagle Asset Management Inc. increased its stake in shares of Alphabet by 0.9% in the 4th quarter. Eagle Asset Management Inc. now owns 6,805 shares of the information services provider’s stock valued at $9,114,000 after acquiring an additional 63 shares during the last quarter. Blue Whale Capital LLP bought a new stake in shares of Alphabet in the 4th quarter valued at about $9,670,000. Finally, Watchman Group Inc. bought a new stake in shares of Alphabet in the 4th quarter valued at about $2,104,000. 34.29% of the stock is owned by hedge funds and other institutional investors.
Shares of Alphabet stock opened at $1,413.24 on Friday. The business has a fifty day simple moving average of $1,281.39 and a two-hundred day simple moving average of $1,330.33. Alphabet Inc has a 1 year low of $1,008.87 and a 1 year high of $1,530.74. The company has a market capitalization of $960.27 billion, a price-to-earnings ratio of 28.52, a P/E/G ratio of 2.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 3.64.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, April 28th. The information services provider reported $9.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.16 by ($1.29). Alphabet had a net margin of 20.71% and a return on equity of 17.43%. The business had revenue of $33.71 billion for the quarter, compared to analyst estimates of $32.59 billion. During the same period in the prior year, the business earned $9.50 EPS. As a group, equities analysts anticipate that Alphabet Inc will post 41.47 earnings per share for the current fiscal year.
A number of analysts recently issued reports on GOOGL shares. Stifel Nicolaus increased their target price on Alphabet from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Mizuho increased their target price on Alphabet from $1,500.00 to $1,560.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Societe Generale lowered their target price on Alphabet from $1,555.00 to $1,420.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. They noted that the move was a valuation call. UBS Group lowered their target price on Alphabet from $1,675.00 to $1,530.00 and set a “buy” rating for the company in a research note on Monday, March 30th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $1,500.00 target price on shares of Alphabet in a research note on Monday, April 27th. Four investment analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average 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.
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