Moors & Cabot Inc. Increases Stock Holdings in Alphabet Inc (NASDAQ:GOOGL)

Moors & Cabot Inc. boosted its stake in Alphabet Inc (NASDAQ:GOOGL) by 2.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,414 shares of the information services provider’s stock after acquiring an additional 87 shares during the quarter. Alphabet accounts for about 0.7% of Moors & Cabot Inc.’s portfolio, making the stock its 27th biggest holding. Moors & Cabot Inc.’s holdings in Alphabet were worth $5,119,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOOGL. Amundi Pioneer Asset Management Inc. raised its position in Alphabet by 29.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 968,665 shares of the information services provider’s stock worth $1,297,422,000 after acquiring an additional 219,626 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in Alphabet during the fourth quarter worth $76,173,000. Eagle Asset Management Inc. raised its position in Alphabet by 0.9% during the fourth quarter. Eagle Asset Management Inc. now owns 6,805 shares of the information services provider’s stock worth $9,114,000 after acquiring an additional 63 shares during the period. Blue Whale Capital LLP acquired a new position in Alphabet during the fourth quarter worth $9,670,000. Finally, Watchman Group Inc. acquired a new position in Alphabet during the fourth quarter worth $2,104,000. 34.22% of the stock is owned by institutional investors.

Shares of NASDAQ GOOGL traded up $0.67 during midday trading on Monday, hitting $1,434.19. The company’s stock had a trading volume of 425,227 shares, compared to its average volume of 1,690,995. The business’s fifty day simple moving average is $1,322.39 and its two-hundred day simple moving average is $1,334.87. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 3.64. 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 $978.55 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, April 28th. The information services provider reported $9.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $11.16 by ($1.29). Alphabet had a net margin of 20.71% and a return on equity of 17.43%. The business had revenue of $33.71 billion during the quarter, compared to analysts’ expectations of $32.59 billion. During the same period in the previous year, the business posted $9.50 EPS. Analysts anticipate that Alphabet Inc will post 41.47 EPS for the current fiscal year.

GOOGL has been the subject of a number of recent research reports. Stifel Nicolaus increased their target price on shares of Alphabet from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Mizuho increased their target price on shares of Alphabet from $1,500.00 to $1,560.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. KeyCorp reiterated a “buy” rating and issued a $1,769.00 target price on shares of Alphabet in a research report on Tuesday, February 4th. Credit Suisse Group increased their target price on shares of Alphabet from $1,500.00 to $1,600.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Oppenheimer reiterated a “buy” rating and issued a $1,445.00 target price on shares of Alphabet in a research report on Wednesday, April 29th. Three equities research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $1,510.46.

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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