Chicago Capital LLC raised its holdings in Alphabet Inc (NASDAQ:GOOGL) by 23.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,011 shares of the information services provider’s stock after acquiring an additional 5,964 shares during the quarter. Alphabet accounts for about 2.5% of Chicago Capital LLC’s holdings, making the stock its 8th biggest position. Chicago Capital LLC’s holdings in Alphabet were worth $41,536,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in GOOGL. Roof Eidam & Maycock ADV acquired a new position in shares of Alphabet during the 3rd quarter worth $33,000. Garrett Wealth Advisory Group LLC acquired a new position in shares of Alphabet during the 3rd quarter worth $39,000. Vista Private Wealth Partners. LLC acquired a new position in shares of Alphabet during the 3rd quarter worth $60,000. Investors Research Corp raised its stake in shares of Alphabet by 72.4% during the 3rd quarter. Investors Research Corp now owns 50 shares of the information services provider’s stock worth $61,000 after buying an additional 21 shares during the last quarter. Finally, Enterprise Trust & Investment Co raised its stake in shares of Alphabet by 256.3% during the 3rd quarter. Enterprise Trust & Investment Co now owns 57 shares of the information services provider’s stock worth $70,000 after buying an additional 41 shares during the last quarter. 33.55% of the stock is owned by institutional investors.

GOOGL has been the subject of a number of recent research reports. Bernstein Bank initiated coverage on Alphabet in a research report on Friday. They set an “outperform” rating and a $1,600.00 price objective for the company. Robert W. Baird reiterated a “buy” rating and set a $1,400.00 price objective on shares of Alphabet in a research report on Thursday, December 19th. Pivotal Research reiterated a “buy” rating and set a $1,650.00 price objective on shares of Alphabet in a research report on Monday, January 6th. Loop Capital lifted their price objective on Alphabet to $1,450.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. They noted that the move was a valuation call. Finally, Canaccord Genuity upgraded Alphabet from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and forty have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $1,438.05.

Alphabet stock traded down $9.44 during midday trading on Tuesday, hitting $1,430.59. 1,303,774 shares of the company were exchanged, compared to its average volume of 1,575,597. The company’s fifty day moving average price is $1,351.51 and its 200-day moving average price is $1,244.69. The company has a market cap of $989.79 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 1.56 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 fifty-two week low of $1,027.03 and a fifty-two week high of $1,442.63.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the consensus estimate of $12.42 by ($2.30). The company had revenue of $33.01 billion for the quarter, compared to analyst estimates of $32.84 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. During the same period last year, the firm posted $13.06 earnings per share. On average, analysts expect that Alphabet Inc will post 49.03 EPS for the current fiscal year.

About Alphabet

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.

Further Reading: Recession

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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