Krueger & Catalano Capital Partners LLC Acquires 14 Shares of Alphabet Inc (NASDAQ:GOOGL)

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Krueger & Catalano Capital Partners LLC boosted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,401 shares of the information services provider’s stock after buying an additional 14 shares during the period. Krueger & Catalano Capital Partners LLC’s holdings in Alphabet were worth $1,876,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Kanawha Capital Management LLC raised its position in Alphabet by 2.5% in the 2nd quarter. Kanawha Capital Management LLC now owns 6,015 shares of the information services provider’s stock valued at $6,513,000 after buying an additional 146 shares during the last quarter. Balyasny Asset Management LLC boosted its position in Alphabet by 38.5% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,346 shares of the information services provider’s stock worth $1,457,000 after acquiring an additional 374 shares during the last quarter. Paloma Partners Management Co boosted its position in Alphabet by 100.0% during the 2nd quarter. Paloma Partners Management Co now owns 550 shares of the information services provider’s stock worth $596,000 after acquiring an additional 275 shares during the last quarter. Victory Capital Management Inc. boosted its position in Alphabet by 8.9% during the 2nd quarter. Victory Capital Management Inc. now owns 75,418 shares of the information services provider’s stock worth $81,663,000 after acquiring an additional 6,161 shares during the last quarter. Finally, Advisors Capital Management LLC grew its stake in shares of Alphabet by 6.3% during the 2nd quarter. Advisors Capital Management LLC now owns 792 shares of the information services provider’s stock worth $858,000 after acquiring an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 33.92% of the company’s stock.

A number of research firms have recently issued reports on GOOGL. KeyCorp lifted their price objective on shares of Alphabet from $1,516.00 to $1,546.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. UBS Group increased their target price on shares of Alphabet from $1,460.00 to $1,675.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Citigroup reaffirmed a “buy” rating and issued a $1,500.00 target price (up previously from $1,450.00) on shares of Alphabet in a research report on Tuesday, December 3rd. Barclays reaffirmed a “buy” rating and issued a $1,400.00 target price on shares of Alphabet in a research report on Tuesday, October 29th. Finally, Sanford C. Bernstein began coverage on shares of Alphabet in a research note on Friday, January 10th. They issued an “outperform” rating and a $1,600.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and forty have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $1,454.26.

GOOGL opened at $1,482.25 on Wednesday. Alphabet Inc has a 12-month low of $1,027.03 and a 12-month high of $1,480.55. The stock has a market cap of $1,020.40 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 1.62 and a beta of 1.01. The business has a 50 day moving average of $1,377.16 and a 200-day moving average of $1,259.66. 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 the Thomson Reuters’ consensus estimate of $12.42 by ($2.30). The business had revenue of $33.01 billion for the quarter, compared to the consensus estimate of $32.84 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. During the same quarter in the prior year, the firm posted $13.06 earnings per share. As a group, analysts expect that Alphabet Inc will post 49.03 earnings per share for the current year.

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.

Read More: How Do You Calculate Return on Equity (ROE)?

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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