Israel Discount Bank of New York GFN bought a new position in shares of Alphabet Inc (NASDAQ:GOOGL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,854 shares of the information services provider’s stock, valued at approximately $1,469,000. Alphabet makes up about 1.3% of Israel Discount Bank of New York GFN’s investment portfolio, making the stock its 13th largest position.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Duncker Streett & Co. Inc. boosted its position in Alphabet by 10.0% in the third quarter. Duncker Streett & Co. Inc. now owns 2,094 shares of the information services provider’s stock worth $1,684,000 after buying an additional 190 shares during the period. Eagle Capital Management LLC boosted its position in Alphabet by 2.0% in the third quarter. Eagle Capital Management LLC now owns 2,701 shares of the information services provider’s stock worth $2,172,000 after buying an additional 52 shares during the period. GWM Advisors LLC purchased a new position in Alphabet during the third quarter worth about $241,000. Agran Libbie boosted its position in Alphabet by 0.4% in the third quarter. Agran Libbie now owns 9,690 shares of the information services provider’s stock worth $7,791,000 after buying an additional 43 shares during the period. Finally, Nationwide Fund Advisors boosted its position in Alphabet by 1.4% in the third quarter. Nationwide Fund Advisors now owns 293,906 shares of the information services provider’s stock worth $236,318,000 after buying an additional 3,966 shares during the period. Institutional investors own 34.98% of the company’s stock.
Shares of Alphabet Inc (NASDAQ:GOOGL) opened at 954.65 on Friday. The company has a market capitalization of $660.38 billion, a PE ratio of 32.26 and a beta of 0.98. Alphabet Inc has a one year low of $672.66 and a one year high of $965.90. The stock has a 50 day moving average of $899.71 and a 200-day moving average of $841.12.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, April 27th. The information services provider reported $7.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.24 by $0.49. The firm had revenue of $20.12 billion for the quarter, compared to the consensus estimate of $19.65 billion. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. During the same quarter last year, the firm posted $7.50 EPS. On average, equities analysts forecast that Alphabet Inc will post $33.95 earnings per share for the current fiscal year.
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A number of research firms have recently issued reports on GOOGL. Robert W. Baird reiterated an “outperform” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Friday. MKM Partners restated a “buy” rating and issued a $1,170.00 price objective (up previously from $1,000.00) on shares of Alphabet in a research report on Monday, May 8th. B. Riley restated a “buy” rating and issued a $1,032.00 price objective on shares of Alphabet in a research report on Wednesday, May 3rd. Cantor Fitzgerald boosted their price objective on shares of Alphabet from $1,040.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Friday, April 28th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $970.00 price objective on shares of Alphabet in a research report on Saturday, April 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and forty have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $998.30.
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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