D Orazio & Associates Inc. boosted its holdings in Alphabet Inc (NASDAQ:GOOGL) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218 shares of the information services provider’s stock after purchasing an additional 10 shares during the quarter. D Orazio & Associates Inc.’s holdings in Alphabet were worth $266,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in GOOGL. Neville Rodie & Shaw Inc. lifted its position in Alphabet by 2.7% in the second quarter. Neville Rodie & Shaw Inc. now owns 16,674 shares of the information services provider’s stock valued at $18,054,000 after purchasing an additional 433 shares during the period. Bath Savings Trust Co lifted its position in shares of Alphabet by 3.0% during the 2nd quarter. Bath Savings Trust Co now owns 10,102 shares of the information services provider’s stock valued at $10,939,000 after acquiring an additional 290 shares during the period. Thomasville National Bank lifted its position in shares of Alphabet by 5.0% during the 2nd quarter. Thomasville National Bank now owns 212 shares of the information services provider’s stock valued at $230,000 after acquiring an additional 10 shares during the period. Park National Corp OH lifted its position in shares of Alphabet by 69.6% during the 2nd quarter. Park National Corp OH now owns 13,999 shares of the information services provider’s stock valued at $15,158,000 after acquiring an additional 5,746 shares during the period. Finally, Vickerman & Driscoll Financial Advisors Inc. acquired a new stake in shares of Alphabet during the 2nd quarter valued at approximately $1,765,000. Hedge funds and other institutional investors own 33.56% of the company’s stock.
A number of research firms have recently issued reports on GOOGL. Pivotal Research reiterated a “hold” rating and set a $1,445.00 price target on shares of Alphabet in a research report on Tuesday, October 29th. Macquarie set a $1,300.00 price target on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, July 26th. Raymond James reissued an “outperform” rating on shares of Alphabet in a research note on Wednesday, October 30th. Mizuho raised their price objective on shares of Alphabet from $1,350.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, BMO Capital Markets raised their price objective on shares of Alphabet from $1,245.00 to $1,250.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $1,406.25.
GOOGL stock traded up $26.45 during midday trading on Thursday, hitting $1,317.46. The stock had a trading volume of 85,197 shares, compared to its average volume of 1,378,191. The firm has a market cap of $894.21 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 1.57 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75. Alphabet Inc has a 12-month low of $977.66 and a 12-month high of $1,299.24. The company’s 50-day moving average price is $1,238.20 and its 200 day moving average price is $1,180.63.
Alphabet (NASDAQ:GOOGL) last released 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 firm had revenue of $33.01 billion during the quarter, compared to analysts’ expectations of $32.84 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. During the same period in the previous year, the firm posted $13.06 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc will post 49.05 EPS 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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