Alphabet Inc (NASDAQ:GOOGL) Stock Holdings Boosted by DNB Asset Management AS

DNB Asset Management AS boosted its stake in Alphabet Inc (NASDAQ:GOOGL) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 276,781 shares of the information services provider’s stock after purchasing an additional 789 shares during the period. Alphabet makes up 4.3% of DNB Asset Management AS’s portfolio, making the stock its 4th largest position. DNB Asset Management AS’s holdings in Alphabet were worth $405,650,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Scharf Investments LLC raised its position in Alphabet by 2.7% during the 2nd quarter. Scharf Investments LLC now owns 268 shares of the information services provider’s stock worth $380,000 after buying an additional 7 shares during the last quarter. Cedar Mountain Advisors LLC raised its holdings in Alphabet by 26.9% during the second quarter. Cedar Mountain Advisors LLC now owns 33 shares of the information services provider’s stock worth $47,000 after purchasing an additional 7 shares in the last quarter. CVA Family Office LLC raised its holdings in Alphabet by 11.7% during the second quarter. CVA Family Office LLC now owns 67 shares of the information services provider’s stock worth $95,000 after purchasing an additional 7 shares in the last quarter. AFT Forsyth AND Company Inc. lifted its position in Alphabet by 0.8% in the second quarter. AFT Forsyth AND Company Inc. now owns 911 shares of the information services provider’s stock valued at $1,292,000 after purchasing an additional 7 shares during the period. Finally, Guardian Capital Advisors LP boosted its holdings in Alphabet by 0.5% in the 2nd quarter. Guardian Capital Advisors LP now owns 1,381 shares of the information services provider’s stock valued at $1,533,000 after purchasing an additional 7 shares in the last quarter. 33.78% of the stock is owned by hedge funds and other institutional investors.

GOOGL opened at $1,567.70 on Friday. Alphabet Inc has a 1 year low of $1,008.87 and a 1 year high of $1,726.10. The firm has a 50 day moving average price of $1,519.73 and a 200 day moving average price of $1,433.08. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.40 and a current ratio of 3.41. The company has a market cap of $1,066.29 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 2.14 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, July 30th. The information services provider reported $10.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.43 by $1.70. The company had revenue of $31.60 billion during the quarter, compared to the consensus estimate of $30.58 billion. Alphabet had a net margin of 18.99% and a return on equity of 15.62%. On average, sell-side analysts predict that Alphabet Inc will post 44.87 earnings per share for the current year.

Several analysts have recently commented on the company. Canaccord Genuity raised their price target on Alphabet from $1,700.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, July 31st. Monness Crespi & Hardt upped their price target on shares of Alphabet from $1,420.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. SunTrust Banks raised their price objective on shares of Alphabet from $1,805.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Barclays upped their target price on shares of Alphabet from $1,600.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Pivotal Research lifted their price target on shares of Alphabet from $1,575.00 to $1,725.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a hold rating and forty-two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $1,679.91.

Alphabet Company 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.

Featured Story: Diversification Important in Investing

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).

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.