Obermeyer Wood Investment Counsel Lllp continued to hold its position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,541 shares of the information services provider’s stock at the close of the 2nd quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Alphabet were worth $1,433,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Novare Capital Management LLC grew its position in shares of Alphabet by 0.9% in the second quarter. Novare Capital Management LLC now owns 8,590 shares of the information services provider’s stock valued at $7,986,000 after purchasing an additional 80 shares during the period. Camelot Portfolios LLC acquired a new stake in shares of Alphabet in the second quarter valued at about $211,000. Country Trust Bank acquired a new stake in shares of Alphabet in the second quarter valued at about $44,071,000. Girard Partners LTD. grew its position in shares of Alphabet by 10.7% in the first quarter. Girard Partners LTD. now owns 4,528 shares of the information services provider’s stock valued at $3,839,000 after purchasing an additional 439 shares during the period. Finally, Anchor Capital Advisors LLC grew its position in shares of Alphabet by 3.0% in the second quarter. Anchor Capital Advisors LLC now owns 378 shares of the information services provider’s stock valued at $351,000 after purchasing an additional 11 shares during the period. Institutional investors own 33.87% of the company’s stock.

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Shares of Alphabet Inc. (NASDAQ:GOOGL) opened at $1,044.15 on Friday. Alphabet Inc. has a 12-month low of $743.59 and a 12-month high of $1,063.62. The firm has a market cap of $727,956.94, a PE ratio of 35.08, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating analysts’ consensus estimates of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. During the same period last year, the business earned $9.06 earnings per share. equities research analysts anticipate that Alphabet Inc. will post 32.15 EPS for the current year.

Several analysts have recently issued reports on GOOGL shares. Stifel Nicolaus reiterated a “buy” rating and issued a $1,075.00 target price on shares of Alphabet in a research report on Monday, September 25th. UBS AG reiterated a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a research report on Friday, September 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $1,200.00 target price on shares of Alphabet in a research report on Tuesday, October 10th. They noted that the move was a valuation call. Mizuho reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, October 17th. Finally, Vetr lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 target price on the stock. in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $1,088.53.

Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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