Allen Capital Group LLC grew its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,484 shares of the information services provider’s stock after buying an additional 96 shares during the quarter. Allen Capital Group LLC’s holdings in Alphabet were worth $1,644,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vestor Capital LLC purchased a new stake in Alphabet in the 3rd quarter worth about $62,000. Lavaca Capital LLC purchased a new stake in Alphabet in the 4th quarter worth about $97,000. Sound Income Strategies LLC raised its position in Alphabet by 71.4% in the 4th quarter. Sound Income Strategies LLC now owns 96 shares of the information services provider’s stock worth $100,000 after purchasing an additional 40 shares during the period. Quantamental Technologies LLC purchased a new stake in Alphabet in the 4th quarter worth about $103,000. Finally, CX Institutional raised its position in Alphabet by 93.1% in the 4th quarter. CX Institutional now owns 112 shares of the information services provider’s stock worth $117,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 34.02% of the company’s stock.

NASDAQ GOOGL opened at $1,193.46 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.89 and a current ratio of 3.96. Alphabet Inc has a 52-week low of $977.66 and a 52-week high of $1,296.97. The company has a market cap of $826.96 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 1.36 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $10.56 by $1.34. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. The firm had revenue of $29.48 billion for the quarter, compared to the consensus estimate of $29.99 billion. During the same period last year, the firm earned $13.33 earnings per share. On average, equities analysts predict that Alphabet Inc will post 48.6 earnings per share for the current year.

A number of analysts recently weighed in on GOOGL shares. Pivotal Research raised shares of Alphabet from a “hold” rating to a “buy” rating and increased their price objective for the stock from $1,010.00 to $1,240.00 in a research report on Monday, January 7th. ValuEngine lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,208.00 price objective on the stock in a research report on Friday, January 11th. UBS Group reissued a “buy” rating on shares of Alphabet in a research report on Monday, January 14th. Finally, Deutsche Bank reissued a “buy” rating and issued a $1,300.00 price objective on shares of Alphabet in a research report on Wednesday, January 23rd. Five research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,325.55.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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