Capital Investment Advisors LLC lessened its holdings in Alphabet Inc (NASDAQ:GOOGL) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,994 shares of the information services provider’s stock after selling 43 shares during the quarter. Alphabet makes up about 0.8% of Capital Investment Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Capital Investment Advisors LLC’s holdings in Alphabet were worth $21,422,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Roof Eidam & Maycock ADV bought a new stake in Alphabet in the third quarter worth about $33,000. Garrett Wealth Advisory Group LLC bought a new stake in Alphabet in the third quarter worth about $39,000. Vista Private Wealth Partners. LLC bought a new stake in Alphabet in the third quarter worth about $60,000. Investors Research Corp raised its position in Alphabet by 72.4% in the third quarter. Investors Research Corp now owns 50 shares of the information services provider’s stock worth $61,000 after acquiring an additional 21 shares in the last quarter. Finally, Enterprise Trust & Investment Co raised its position in Alphabet by 256.3% in the third quarter. Enterprise Trust & Investment Co now owns 57 shares of the information services provider’s stock worth $70,000 after acquiring an additional 41 shares in the last quarter. 33.92% of the stock is owned by institutional investors.
Shares of GOOGL stock opened at $1,479.52 on Tuesday. Alphabet Inc has a 12 month low of $1,027.03 and a 12 month high of $1,480.55. The firm has a market cap of $1,020.41 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 1.62 and a beta of 1.01. The stock has a 50 day moving average of $1,373.30 and a 200-day moving average of $1,257.87. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07.
Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing analysts’ consensus estimates of $12.42 by ($2.30). The firm had revenue of $33.01 billion during the quarter, compared to analyst estimates of $32.84 billion. Alphabet had a net margin of 21.04% and a return on equity of 18.34%. During the same quarter in the previous year, the company posted $13.06 earnings per share. As a group, equities analysts predict that Alphabet Inc will post 49.03 EPS for the current fiscal year.
GOOGL has been the topic of several research analyst reports. BMO Capital Markets set a $1,245.00 target price on Alphabet and gave the company a “hold” rating in a research note on Friday, October 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research report on Tuesday. Stifel Nicolaus raised Alphabet from a “hold” rating to a “buy” rating and upped their target price for the stock from $1,325.00 to $1,525.00 in a research report on Thursday, December 5th. Jefferies Financial Group upped their target price on Alphabet from $1,500.00 to $1,550.00 in a research report on Tuesday, October 29th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $1,650.00 target price on shares of Alphabet in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and forty have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $1,451.70.
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 Article: What is Cost of Debt?
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.