Quadrant Private Wealth Management LLC Raises Position in Alphabet Inc (NASDAQ:GOOGL)

Quadrant Private Wealth Management LLC grew its position in Alphabet Inc (NASDAQ:GOOGL) by 19.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 449 shares of the information services provider’s stock after buying an additional 72 shares during the period. Quadrant Private Wealth Management LLC’s holdings in Alphabet were worth $522,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Round Table Services LLC raised its holdings in shares of Alphabet by 0.9% during the fourth quarter. Round Table Services LLC now owns 799 shares of the information services provider’s stock valued at $1,070,000 after purchasing an additional 7 shares during the last quarter. Trust Co. of Oklahoma grew its position in Alphabet by 0.3% during the fourth quarter. Trust Co. of Oklahoma now owns 2,621 shares of the information services provider’s stock valued at $3,511,000 after buying an additional 7 shares during the period. Capital Financial Planning LLC grew its position in Alphabet by 2.2% during the fourth quarter. Capital Financial Planning LLC now owns 319 shares of the information services provider’s stock valued at $427,000 after buying an additional 7 shares during the period. Wrapmanager Inc. grew its position in Alphabet by 1.6% during the fourth quarter. Wrapmanager Inc. now owns 448 shares of the information services provider’s stock valued at $600,000 after buying an additional 7 shares during the period. Finally, Greatmark Investment Partners Inc. grew its position in Alphabet by 2.0% during the fourth quarter. Greatmark Investment Partners Inc. now owns 405 shares of the information services provider’s stock valued at $542,000 after buying an additional 8 shares during the period. 34.29% of the stock is owned by institutional investors and hedge funds.

GOOGL opened at $1,413.24 on Friday. 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 market capitalization of $960.27 billion, a PE ratio of 28.52, a P/E/G ratio of 2.11 and a beta of 1.06. The firm has a 50 day moving average of $1,281.39 and a two-hundred day moving average of $1,330.33. Alphabet Inc has a 12-month low of $1,008.87 and a 12-month high of $1,530.74.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, April 28th. The information services provider reported $9.87 earnings per share for the quarter, missing the consensus estimate 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 period last year, the firm earned $9.50 earnings per share. As a group, analysts predict that Alphabet Inc will post 41.47 EPS for the current fiscal year.

Several brokerages recently issued reports on GOOGL. MKM Partners boosted their target price on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. JMP Securities boosted their target price on shares of Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price target on shares of Alphabet from $1,340.00 to $1,505.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. UBS Group dropped their price target on shares of Alphabet from $1,675.00 to $1,530.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Finally, KeyCorp reiterated a “buy” rating and issued a $1,769.00 price target on shares of Alphabet in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,505.34.

Alphabet 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.

Featured Story: Ex-Dividend

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.