Sigma Investment Counselors Inc. lifted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 6.1% in the fourth quarter, Holdings Channel reports. The firm owned 260 shares of the information services provider’s stock after buying an additional 15 shares during the period. Sigma Investment Counselors Inc.’s holdings in Alphabet were worth $348,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in GOOGL. Johanson Financial Advisors Inc. boosted its stake in Alphabet by 129,857.5% during the 4th quarter. Johanson Financial Advisors Inc. now owns 2,622,543 shares of the information services provider’s stock worth $1,958,000 after purchasing an additional 2,620,525 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Alphabet by 27.9% during the 3rd quarter. California Public Employees Retirement System now owns 1,005,805 shares of the information services provider’s stock worth $1,228,229,000 after buying an additional 219,447 shares during the last quarter. Windacre Partnership LLC purchased a new stake in Alphabet in the 3rd quarter valued at about $224,201,000. Amundi Pioneer Asset Management Inc. raised its stake in shares of Alphabet by 16.9% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 893,006 shares of the information services provider’s stock valued at $966,945,000 after acquiring an additional 129,288 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Alphabet by 59.6% in the third quarter. Assenagon Asset Management S.A. now owns 261,002 shares of the information services provider’s stock valued at $318,720,000 after purchasing an additional 97,515 shares during the period. 33.92% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently issued reports on GOOGL shares. Sanford C. Bernstein started coverage on Alphabet in a report on Friday, January 10th. They issued an “outperform” rating and a $1,600.00 target price for the company. UBS Group boosted their target price on Alphabet from $1,460.00 to $1,675.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Pivotal Research restated a “buy” rating and set a $1,650.00 price target on shares of Alphabet in a report on Friday, January 17th. Stifel Nicolaus raised Alphabet from a “hold” rating to a “buy” rating and increased their price target for the company from $1,325.00 to $1,525.00 in a research report on Thursday, December 5th. Finally, Bank of America reaffirmed a “buy” rating and issued a $1,450.00 price target on shares of Alphabet in a research report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and forty have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $1,454.26.
NASDAQ GOOGL opened at $1,482.25 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75. Alphabet Inc has a 1 year low of $1,027.03 and a 1 year high of $1,480.55. The company has a market capitalization of $1,022.29 billion, a PE ratio of 31.81, a P/E/G ratio of 1.62 and a beta of 1.01. The company has a fifty day moving average of $1,377.16 and a two-hundred day moving average of $1,259.66.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.42 by ($2.30). Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The firm had revenue of $33.01 billion for the quarter, compared to analysts’ expectations of $32.84 billion. During the same period in the previous year, the business posted $13.06 EPS. On average, research analysts expect that Alphabet Inc will post 49.03 earnings per share for the current year.
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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