Alphabet Inc (NASDAQ:GOOGL) Shares Purchased by D Orazio & Associates Inc.

D Orazio & Associates Inc. raised its stake in Alphabet Inc (NASDAQ:GOOGL) by 4.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 218 shares of the information services provider’s stock after acquiring an additional 10 shares during the period. D Orazio & Associates Inc.’s holdings in Alphabet were worth $266,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Alphabet by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 22,536,432 shares of the information services provider’s stock worth $24,402,449,000 after purchasing an additional 302,354 shares during the last quarter. Invesco Ltd. grew its position in Alphabet by 37.1% in the 2nd quarter. Invesco Ltd. now owns 4,752,079 shares of the information services provider’s stock worth $5,145,551,000 after purchasing an additional 1,285,824 shares during the last quarter. Northern Trust Corp grew its position in Alphabet by 0.9% in the 2nd quarter. Northern Trust Corp now owns 3,876,945 shares of the information services provider’s stock worth $4,197,956,000 after purchasing an additional 33,408 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake in shares of Alphabet by 205,910.9% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,393,000 shares of the information services provider’s stock worth $339,300,000 after acquiring an additional 3,391,353 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Alphabet by 3.0% in the 2nd quarter. Morgan Stanley now owns 2,301,237 shares of the information services provider’s stock worth $2,491,779,000 after acquiring an additional 66,773 shares during the period. 33.56% of the stock is owned by institutional investors.

GOOGL stock traded up $26.45 on Thursday, hitting $1,317.46. 85,197 shares of the company’s stock traded hands, compared to its average volume of 1,378,191. Alphabet Inc has a 1-year low of $977.66 and a 1-year high of $1,299.24. The stock has a market cap of $894.21 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 1.57 and a beta of 1.01. The stock has a fifty day moving average of $1,238.20 and a 200-day moving average of $1,180.63. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the consensus estimate of $12.42 by ($2.30). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The business had revenue of $33.01 billion for the quarter, compared to analyst estimates of $32.84 billion. During the same period in the prior year, the company earned $13.06 earnings per share. On average, equities research analysts anticipate that Alphabet Inc will post 49.05 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on GOOGL. Jefferies Financial Group upped their price target on shares of Alphabet from $1,500.00 to $1,550.00 in a research note on Tuesday, October 29th. Nomura reaffirmed a “buy” rating and issued a $1,400.00 price target (up from $1,300.00) on shares of Alphabet in a research note on Friday, July 26th. Guggenheim reduced their price target on shares of Alphabet from $1,525.00 to $1,460.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. KeyCorp upped their price target on shares of Alphabet from $1,516.00 to $1,546.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Finally, JMP Securities upped their price target on shares of Alphabet to $1,450.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $1,406.25.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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