Paradigm Asset Management Co. LLC increased its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 6.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,600 shares of the information services provider’s stock after acquiring an additional 150 shares during the period. Alphabet comprises approximately 0.9% of Paradigm Asset Management Co. LLC’s investment portfolio, making the stock its 19th largest holding. Paradigm Asset Management Co. LLC’s holdings in Alphabet were worth $3,138,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Leavell Investment Management Inc. raised its holdings in Alphabet by 3.8% during the third quarter. Leavell Investment Management Inc. now owns 1,355 shares of the information services provider’s stock worth $1,636,000 after acquiring an additional 50 shares in the last quarter. Ontario Teachers Pension Plan Board raised its stake in Alphabet by 66.2% in the third quarter. Ontario Teachers Pension Plan Board now owns 76,862 shares of the information services provider’s stock valued at $92,779,000 after buying an additional 30,611 shares during the period. Oakworth Capital Inc. raised its stake in Alphabet by 26.7% in the third quarter. Oakworth Capital Inc. now owns 437 shares of the information services provider’s stock valued at $527,000 after buying an additional 92 shares during the period. TTP Investments Inc. raised its stake in Alphabet by 35.8% in the third quarter. TTP Investments Inc. now owns 6,802 shares of the information services provider’s stock valued at $8,211,000 after buying an additional 1,793 shares during the period. Finally, Regentatlantic Capital LLC raised its stake in Alphabet by 213.3% in the third quarter. Regentatlantic Capital LLC now owns 7,074 shares of the information services provider’s stock valued at $8,539,000 after buying an additional 4,816 shares during the period. Institutional investors and hedge funds own 42.53% of the company’s stock.

Several analysts have issued reports on the company. Needham & Company LLC assumed coverage on Alphabet in a research note on Monday, March 4th. They issued a “buy” rating and a $1,153.42 price objective on the stock. Wells Fargo & Co set a $1,300.00 price objective on Alphabet and gave the company a “buy” rating in a research note on Tuesday, February 5th. William Blair restated an “outperform” rating on shares of Alphabet in a research note on Tuesday, February 5th. Wedbush restated an “outperform” rating and issued a $1,350.00 price objective on shares of Alphabet in a research note on Tuesday, February 5th. Finally, Nomura dropped their price objective on Alphabet from $1,350.00 to $1,310.00 and set a “buy” rating on the stock in a research note on Tuesday, February 5th. Three research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $1,314.86.

Alphabet stock opened at $1,190.30 on Friday. Alphabet Inc has a 12 month low of $977.66 and a 12 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 capitalization of $827.48 billion, a PE ratio of 25.05, a PEG ratio of 1.44 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, beating the consensus estimate of $11.08 by $1.69. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. The company had revenue of $31.84 billion for the quarter, compared to the consensus estimate of $31.28 billion. During the same quarter in the prior year, the business earned $9.70 earnings per share. On average, analysts anticipate that Alphabet Inc will post 47.38 EPS for the current year.

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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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