LSV Asset Management maintained its position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,100 shares of the information services provider’s stock at the end of the first quarter. LSV Asset Management’s holdings in Alphabet were worth $3,475,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Delta Asset Management LLC TN increased its position in shares of Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after buying an additional 2 shares during the period. Riggs Asset Managment Co. Inc. increased its stake in shares of 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. Jackson Grant Investment Advisers Inc. increased its stake in shares of Alphabet by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 170 shares of the information services provider’s stock valued at $135,000 after buying an additional 1 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Alphabet by 22.6% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 179 shares of the information services provider’s stock valued at $152,000 after buying an additional 33 shares during the last quarter. Finally, Cordasco Financial Network increased its stake in shares of Alphabet by 2.2% in the first quarter. Cordasco Financial Network now owns 235 shares of the information services provider’s stock valued at $199,000 after buying an additional 5 shares during the last quarter. 34.12% of the stock is owned by institutional investors.
Shares of Alphabet Inc. (NASDAQ:GOOGL) traded down 0.656% during mid-day trading on Thursday, hitting $938.075. 325,302 shares of the stock traded hands. The company has a market capitalization of $649.97 billion, a PE ratio of 33.997 and a beta of 0.99. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61. The company’s 50-day moving average price is $953.79 and its 200 day moving average price is $911.30.
Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $20.83 billion. During the same period last year, the firm posted $8.42 EPS. Equities research analysts forecast that Alphabet Inc. will post $30.59 EPS for the current fiscal year.
Several analysts recently commented on GOOGL shares. B. Riley reaffirmed a “buy” rating and set a $1,032.00 target price on shares of Alphabet in a report on Friday, April 28th. MKM Partners reissued a “buy” rating and issued a $1,000.00 price objective on shares of Alphabet in a report on Tuesday, April 25th. Instinet reissued a “buy” rating and issued a $925.00 price objective on shares of Alphabet in a report on Tuesday, April 25th. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $962.00 target price for the company in a research report on Tuesday, April 25th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $1,075.00 target price on shares of Alphabet in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Alphabet currently has an average rating of “Buy” and a consensus target price of $1,053.45.
About Alphabet
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.
Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
