Lincoln Capital LLC reduced its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,577 shares of the information services provider’s stock after selling 13 shares during the quarter. Alphabet comprises about 4.7% of Lincoln Capital LLC’s investment portfolio, making the stock its 9th biggest position. Lincoln Capital LLC’s holdings in Alphabet were worth $11,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of 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 purchased a new position in shares of Alphabet during the third quarter valued at approximately $39,000. Vista Private Wealth Partners. LLC purchased a new position in shares of Alphabet during the third quarter valued at approximately $60,000. Investors Research Corp boosted its position in shares of Alphabet by 72.4% during the third quarter. Investors Research Corp now owns 50 shares of the information services provider’s stock valued at $61,000 after buying an additional 21 shares during the period. Finally, Enterprise Trust & Investment Co grew its stake in shares of Alphabet by 256.3% during the third quarter. Enterprise Trust & Investment Co now owns 57 shares of the information services provider’s stock valued at $70,000 after buying an additional 41 shares during the last quarter. Institutional investors and hedge funds own 33.92% of the company’s stock.
Several equities research analysts have recently weighed in on GOOGL shares. Citigroup reiterated a “buy” rating and issued a $1,500.00 price target (up from $1,450.00) on shares of Alphabet in a report on Tuesday, December 3rd. Loop Capital boosted their price objective on Alphabet to $1,450.00 and gave the company a “hold” rating in a report on Monday, November 11th. They noted that the move was a valuation call. BMO Capital Markets set a $1,245.00 price objective on Alphabet and gave the company a “hold” rating in a research report on Friday, October 25th. Tigress Financial reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, November 22nd. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Alphabet in a research note on Sunday. Six analysts have rated the stock with a hold rating and forty have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $1,454.26.
GOOGL opened at $1,482.25 on Wednesday. The stock’s 50-day moving average price is $1,377.16 and its 200 day moving average price is $1,259.66. 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 $1,020.40 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 1.62 and a beta of 1.01. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07.
Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the firm earned $13.06 earnings per share. On average, research analysts forecast that Alphabet Inc will post 49.03 earnings per share for the current year.
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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