Syntal Capital Partners LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,283 shares of the information services provider’s stock after buying an additional 26 shares during the period. Alphabet comprises about 0.9% of Syntal Capital Partners LLC’s holdings, making the stock its 11th largest position. Syntal Capital Partners LLC’s holdings in Alphabet were worth $1,087,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Klingenstein Fields & Co. LLC increased its stake in Alphabet by 0.4% in the first quarter. Klingenstein Fields & Co. LLC now owns 32,175 shares of the information services provider’s stock valued at $27,278,000 after buying an additional 142 shares during the last quarter. Blue Fin Capital Inc. increased its stake in Alphabet by 11.5% in the first quarter. Blue Fin Capital Inc. now owns 3,551 shares of the information services provider’s stock valued at $3,010,000 after buying an additional 365 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its stake in Alphabet by 58.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after buying an additional 56 shares during the last quarter. Millie Capital Management LLC increased its stake in Alphabet by 0.6% in the first quarter. Millie Capital Management LLC now owns 2,447 shares of the information services provider’s stock valued at $2,075,000 after buying an additional 15 shares during the last quarter. Finally, Seminole Management Co. Inc. increased its stake in Alphabet by 219.7% in the first quarter. Seminole Management Co. Inc. now owns 23,975 shares of the information services provider’s stock valued at $20,326,000 after buying an additional 16,475 shares during the last quarter. Hedge funds and other institutional investors own 34.36% of the company’s stock.
Shares of Alphabet Inc. (NASDAQ:GOOGL) opened at 958.33 on Friday. Alphabet Inc. has a 12 month low of $743.59 and a 12 month high of $1,008.61. The company has a market capitalization of $664.01 billion, a PE ratio of 34.73 and a beta of 1.00. The firm has a 50-day moving average price of $964.19 and a 200-day moving average price of $901.58.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing analysts’ consensus estimates of $8.25 by $3.24. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.83 billion. During the same period last year, the firm posted $8.42 EPS. On average, equities research analysts predict that Alphabet Inc. will post $30.63 EPS for the current year.
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Several analysts have issued reports on the company. B. Riley restated a “buy” rating and set a $1,050.00 price objective on shares of Alphabet in a report on Sunday. Tigress Financial restated a “strong-buy” rating on shares of Alphabet in a report on Thursday. KeyCorp reaffirmed an “overweight” rating and set a $1,100.00 target price on shares of Alphabet in a research note on Thursday. BMO Capital Markets reaffirmed a “market perform” rating and set a $970.00 target price on shares of Alphabet in a research note on Thursday. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $1,000.00 target price on shares of Alphabet in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and a consensus price target of $1,043.51.
Alphabet Company 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.
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