Guidant Wealth Advisors purchased a new stake in shares of Alphabet Inc (NASDAQ:GOOGL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 132 shares of the information services provider’s stock, valued at approximately $137,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Alphabet by 5.5% during the third quarter. FMR LLC now owns 16,434,628 shares of the information services provider’s stock valued at $19,837,909,000 after acquiring an additional 858,589 shares during the period. Northern Trust Corp increased its stake in shares of Alphabet by 0.8% during the second quarter. Northern Trust Corp now owns 3,677,525 shares of the information services provider’s stock valued at $4,152,625,000 after acquiring an additional 28,375 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Alphabet by 118,334.5% during the third quarter. Bank of New York Mellon Corp now owns 3,287,743 shares of the information services provider’s stock valued at $3,968,570,000 after acquiring an additional 3,284,967 shares during the period. Jennison Associates LLC increased its stake in shares of Alphabet by 10.4% during the third quarter. Jennison Associates LLC now owns 1,922,845 shares of the information services provider’s stock valued at $2,321,028,000 after acquiring an additional 181,916 shares during the period. Finally, Rehmann Capital Advisory Group increased its stake in shares of Alphabet by 118,282.1% during the third quarter. Rehmann Capital Advisory Group now owns 1,814,798 shares of the information services provider’s stock valued at $2,137,263,000 after acquiring an additional 1,813,265 shares during the period. 33.99% of the stock is currently owned by institutional investors.

NASDAQ GOOGL opened at $1,206.45 on Thursday. Alphabet Inc has a twelve month low of $977.66 and a twelve month high of $1,291.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.89 and a current ratio of 3.92. The company has a market cap of $836.09 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 1.42 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share for the quarter, topping the consensus estimate of $11.08 by $1.69. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The firm had revenue of $31.84 billion for the quarter, compared to analysts’ expectations of $31.28 billion. During the same period in the previous year, the company posted $9.70 EPS. As a group, equities analysts expect that Alphabet Inc will post 47.38 earnings per share for the current year.

A number of research firms recently commented on GOOGL. ValuEngine upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Needham & Company LLC began coverage on shares of Alphabet in a research note on Monday, March 4th. They set a “buy” rating and a $1,153.42 price objective on the stock. Wells Fargo & Co set a $1,300.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research note on Tuesday, February 5th. William Blair reiterated an “outperform” rating on shares of Alphabet in a research note on Tuesday, February 5th. Finally, Wedbush restated an “outperform” rating and issued a $1,350.00 price target on shares of Alphabet in a research report on Tuesday, February 5th. Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $1,314.86.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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