Schneider Downs Wealth Management Advisors LP Increases Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Schneider Downs Wealth Management Advisors LP raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 48.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 641 shares of the information services provider’s stock after buying an additional 209 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in Alphabet were worth $1,714,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Aprio Wealth Management LLC raised its stake in Alphabet by 7.1% during the third quarter. Aprio Wealth Management LLC now owns 91 shares of the information services provider’s stock valued at $243,000 after buying an additional 6 shares during the last quarter. Columbia Trust Co 01012016 raised its stake in Alphabet by 1.9% during the third quarter. Columbia Trust Co 01012016 now owns 1,524 shares of the information services provider’s stock valued at $4,074,000 after buying an additional 29 shares during the last quarter. BEAM Asset Management LLC purchased a new position in Alphabet during the third quarter valued at $206,000. Hollencrest Capital Management raised its stake in Alphabet by 23.4% during the third quarter. Hollencrest Capital Management now owns 1,686 shares of the information services provider’s stock valued at $4,507,000 after buying an additional 320 shares during the last quarter. Finally, WestHill Financial Advisors Inc. purchased a new position in shares of Alphabet in the third quarter worth $209,000. Institutional investors and hedge funds own 34.30% of the company’s stock.

NASDAQ GOOGL opened at $2,922.40 on Thursday. The firm has a market cap of $1.94 trillion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 1.07 and a beta of 1.04. The company has a quick ratio of 2.96, a current ratio of 2.98 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $2,850.18 and a 200-day moving average price of $2,668.40. Alphabet Inc. has a twelve month low of $1,694.00 and a twelve month high of $3,019.33.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, October 25th. The information services provider reported $27.99 earnings per share for the quarter, topping analysts’ consensus estimates of $23.13 by $4.86. Alphabet had a return on equity of 30.22% and a net margin of 29.52%. During the same period last year, the business earned $16.40 earnings per share. Research analysts expect that Alphabet Inc. will post 107.86 EPS for the current fiscal year.

Several research analysts have recently weighed in on the company. JMP Securities boosted their price target on Alphabet from $3,100.00 to $3,300.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 27th. Raymond James boosted their price target on Alphabet from $3,200.00 to $3,400.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 27th. Citigroup boosted their price target on Alphabet from $2,825.00 to $2,965.00 and gave the stock a “neutral” rating in a research note on Thursday, October 28th. Argus boosted their price target on Alphabet from $2,800.00 to $3,100.00 and gave the stock a “buy” rating in a research note on Thursday, July 29th. Finally, Needham & Company LLC boosted their price target on Alphabet from $2,700.00 to $3,200.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. Four research analysts have rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $3,156.15.

Alphabet Company Profile

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

Featured Article: Outperform Rating

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.