Naples Global Advisors LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 782 shares of the information services provider’s stock after buying an additional 19 shares during the period. Naples Global Advisors LLC’s holdings in Alphabet were worth $1,146,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Newfound Research LLC purchased a new position in Alphabet in the third quarter valued at approximately $32,000. Virtus Alternative Investment Advisers Inc. purchased a new position in Alphabet in the second quarter valued at approximately $45,000. Cedar Mountain Advisors LLC lifted its stake in Alphabet by 26.9% in the second quarter. Cedar Mountain Advisors LLC now owns 33 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 7 shares during the last quarter. Carolina Wealth Advisors LLC lifted its stake in Alphabet by 71.4% in the third quarter. Carolina Wealth Advisors LLC now owns 36 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 15 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new position in Alphabet in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 33.78% of the company’s stock.
Alphabet stock opened at $1,556.88 on Friday. The company has a current ratio of 3.41, a quick ratio of 3.40 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average of $1,510.59 and a 200-day moving average of $1,461.90. The firm has a market cap of $1,058.93 billion, a P/E ratio of 34.24, a P/E/G ratio of 2.09 and a beta of 1.10. Alphabet Inc. has a 1-year low of $1,008.87 and a 1-year high of $1,726.10.
Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 29th. The information services provider reported $16.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $11.35 by $5.05. Alphabet had a net margin of 18.99% and a return on equity of 15.62%. Research analysts forecast that Alphabet Inc. will post 44.93 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on GOOGL shares. Moffett Nathanson increased their target price on Alphabet from $1,650.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Tuesday, September 29th. Cleveland Research upgraded Alphabet from a “neutral” rating to a “buy” rating in a research report on Friday, October 23rd. KeyCorp started coverage on Alphabet in a research report on Monday, September 14th. They set an “overweight” rating and a $1,955.00 target price on the stock. Credit Suisse Group increased their target price on Alphabet from $1,600.00 to $1,850.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Finally, Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,643.00 price target on the stock. in a report on Tuesday, October 13th. Three equities research analysts have rated the stock with a hold rating and forty-two have assigned a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average target price of $1,685.59.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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