Apollon Wealth Management LLC boosted its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 173 shares of the information services provider’s stock after buying an additional 8 shares during the quarter. Apollon Wealth Management LLC’s holdings in Alphabet were worth $201,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of GOOGL. Bank OZK grew its position in shares of Alphabet by 2.7% in the fourth quarter. Bank OZK now owns 1,642 shares of the information services provider’s stock valued at $2,199,000 after purchasing an additional 43 shares during the last quarter. Candriam Luxembourg S.C.A. grew its position in shares of Alphabet by 23.8% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 159,195 shares of the information services provider’s stock valued at $213,237,000 after purchasing an additional 30,567 shares during the last quarter. Tompkins Financial Corp grew its position in shares of Alphabet by 4.2% in the fourth quarter. Tompkins Financial Corp now owns 2,679 shares of the information services provider’s stock valued at $3,589,000 after purchasing an additional 108 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Alphabet by 23.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 234 shares of the information services provider’s stock valued at $313,000 after buying an additional 45 shares during the period. Finally, Leavell Investment Management Inc. lifted its stake in Alphabet by 34.1% during the fourth quarter. Leavell Investment Management Inc. now owns 1,850 shares of the information services provider’s stock worth $2,478,000 after purchasing an additional 470 shares during the last quarter. 34.29% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on the company. Pivotal Research dropped their price target on Alphabet from $1,700.00 to $1,425.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Zacks Investment Research upgraded Alphabet from a “sell” rating to a “hold” rating and set a $1,344.00 target price for the company in a research note on Monday, April 20th. Morgan Stanley raised their price target on shares of Alphabet from $1,310.00 to $1,400.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,800.00 price target on shares of Alphabet in a research report on Thursday, March 5th. Finally, Independent Research raised shares of Alphabet to a “buy” rating and set a $1,520.00 price target on the stock in a research report on Friday, March 13th. Four analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the stock. Alphabet presently has an average rating of “Buy” and a consensus price target of $1,505.34.
Alphabet stock opened at $1,413.24 on Friday. Alphabet Inc has a 1-year low of $1,008.87 and a 1-year high of $1,530.74. The firm has a market capitalization of $960.27 billion, a price-to-earnings ratio of 28.52, a P/E/G ratio of 2.11 and a beta of 1.06. The company has a current ratio of 3.66, a quick ratio of 3.64 and a debt-to-equity ratio of 0.08. The firm has a 50 day simple moving average of $1,281.39 and a 200 day simple moving average of $1,330.33.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, April 28th. The information services provider reported $9.87 EPS for the quarter, missing analysts’ consensus estimates of $11.16 by ($1.29). The firm had revenue of $33.71 billion for the quarter, compared to analysts’ expectations of $32.59 billion. Alphabet had a net margin of 20.71% and a return on equity of 17.43%. During the same quarter last year, the firm earned $9.50 earnings per share. On average, equities research analysts forecast that Alphabet Inc will post 41.47 EPS for the current year.
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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