Ferguson Wellman Capital Management Inc. boosted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,103 shares of the information services provider’s stock after acquiring an additional 327 shares during the period. Alphabet accounts for about 2.5% of Ferguson Wellman Capital Management Inc.’s portfolio, making the stock its 5th biggest position. Ferguson Wellman Capital Management Inc.’s holdings in Alphabet were worth $92,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Mountain Capital Investment Advisors Inc lifted its position in Alphabet by 81.5% during the third quarter. Mountain Capital Investment Advisors Inc now owns 492 shares of the information services provider’s stock worth $770,000 after purchasing an additional 221 shares during the period. Osher Van de Voorde Investment Management increased its holdings in Alphabet by 5.9% in the 3rd quarter. Osher Van de Voorde Investment Management now owns 321 shares of the information services provider’s stock valued at $472,000 after buying an additional 18 shares during the period. Signature Estate & Investment Advisors LLC raised its position in shares of Alphabet by 39.7% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $495,000 after buying an additional 96 shares in the last quarter. West Branch Capital LLC lifted its holdings in shares of Alphabet by 2.1% during the 3rd quarter. West Branch Capital LLC now owns 4,310 shares of the information services provider’s stock worth $6,317,000 after acquiring an additional 87 shares during the period. Finally, Grassi Investment Management boosted its position in shares of Alphabet by 14.4% during the 3rd quarter. Grassi Investment Management now owns 795 shares of the information services provider’s stock worth $1,165,000 after acquiring an additional 100 shares in the last quarter. 33.78% of the stock is owned by hedge funds and other institutional investors.

GOOGL stock opened at $1,567.70 on Friday. The firm has a market cap of $1,066.29 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 2.14 and a beta of 1.10. 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 stock has a 50-day moving average price of $1,519.73 and a 200-day moving average price of $1,433.08. Alphabet Inc has a 1-year low of $1,008.87 and a 1-year high of $1,726.10.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, July 30th. The information services provider reported $10.13 EPS for the quarter, topping the consensus estimate of $8.43 by $1.70. Alphabet had a return on equity of 15.62% and a net margin of 18.99%. The business had revenue of $31.60 billion during the quarter, compared to analysts’ expectations of $30.58 billion. On average, analysts forecast that Alphabet Inc will post 44.87 earnings per share for the current year.

GOOGL has been the subject of several recent analyst reports. Robert W. Baird upped their target price on Alphabet from $1,500.00 to $1,650.00 in a research note on Thursday, June 25th. KeyCorp initiated coverage on Alphabet in a research report on Monday, September 14th. They set an “overweight” rating and a $1,955.00 price objective for the company. Stifel Nicolaus cut Alphabet from a “buy” rating to a “hold” rating and lifted their target price for the company from $1,550.00 to $1,600.00 in a research report on Friday, July 31st. Barclays boosted their target price on Alphabet from $1,600.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Moffett Nathanson raised their price target on shares of Alphabet from $1,650.00 to $1,850.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Four investment analysts have rated the stock with a hold rating and forty-two have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1,679.91.

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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