Clark Financial Services Group Inc. BD acquired a new position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,113 shares of the information services provider’s stock, valued at approximately $202,000.
A number of other hedge funds also recently bought and sold shares of GOOGL. Spreng Capital Management Inc. increased its holdings in shares of Alphabet by 4.0% in the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after acquiring an additional 5 shares during the period. West Family Investments Inc. grew its position in Alphabet by 0.3% during the 1st quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock worth $4,878,000 after purchasing an additional 6 shares during the last quarter. Maple Capital Management Inc. increased its stake in Alphabet by 2.1% in the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock valued at $823,000 after purchasing an additional 6 shares during the period. Private Advisory Group LLC raised its holdings in shares of Alphabet by 1.8% in the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock valued at $1,115,000 after buying an additional 7 shares during the last quarter. Finally, Weik Capital Management boosted its stake in shares of Alphabet by 0.5% during the first quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock worth $4,264,000 after buying an additional 8 shares during the period. Hedge funds and other institutional investors own 34.06% of the company’s stock.
Analyst Ratings Changes
Several research firms have commented on GOOGL. Wells Fargo & Company upped their price objective on Alphabet from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $130.00 price target on shares of Alphabet in a report on Friday, February 10th. Barclays boosted their price objective on shares of Alphabet from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Credit Suisse Group reduced their target price on shares of Alphabet from $145.00 to $136.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. Finally, Rosenblatt Securities cut their price target on shares of Alphabet from $130.00 to $128.00 and set a “buy” rating for the company in a report on Friday, February 3rd. Five equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.32.
Insider Activity at Alphabet
Alphabet Stock Performance
Shares of NASDAQ GOOGL opened at $91.11 on Tuesday. The company has a 50-day simple moving average of $94.25 and a 200-day simple moving average of $96.41. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34. The company has a market cap of $1.17 trillion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.25 and a beta of 1.09. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $143.79.
Alphabet (NASDAQ:GOOGL – Get Rating) last released its earnings results on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.09). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The firm had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $63.15 billion. During the same period in the previous year, the firm posted $1.53 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post 5.12 earnings per share for the current year.
Alphabet Company Profile
Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
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