Alphabet Inc (GOOGL) Shares Bought by Carmichael Hill & Associates Inc.

Carmichael Hill & Associates Inc. boosted its holdings in Alphabet Inc (NASDAQ:GOOGL) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,339 shares of the information services provider’s stock after buying an additional 27 shares during the period. Alphabet accounts for approximately 1.6% of Carmichael Hill & Associates Inc.’s holdings, making the stock its 20th largest holding. Carmichael Hill & Associates Inc.’s holdings in Alphabet were worth $1,399,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. MARSHALL WACE ASIA Ltd lifted its stake in Alphabet by 2,089.3% in the third quarter. MARSHALL WACE ASIA Ltd now owns 97,141 shares of the information services provider’s stock valued at $117,257,000 after buying an additional 92,704 shares during the last quarter. CX Institutional raised its stake in shares of Alphabet by 93.1% during the fourth quarter. CX Institutional now owns 112 shares of the information services provider’s stock worth $117,000 after purchasing an additional 54 shares during the last quarter. Ontario Teachers Pension Plan Board raised its stake in shares of Alphabet by 66.2% during the third quarter. Ontario Teachers Pension Plan Board now owns 76,862 shares of the information services provider’s stock worth $92,779,000 after purchasing an additional 30,611 shares during the last quarter. Leavell Investment Management Inc. raised its position in Alphabet by 3.8% in 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. Finally, Meristem Family Wealth LLC raised its position in Alphabet by 7.2% in the third quarter. Meristem Family Wealth LLC now owns 846 shares of the information services provider’s stock worth $1,021,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 33.99% of the company’s stock.

Alphabet stock opened at $1,226.53 on Tuesday. Alphabet Inc has a twelve month low of $977.66 and a twelve month high of $1,291.44. The company has a market cap of $850.03 billion, a PE ratio of 25.82, a P/E/G ratio of 1.42 and a beta of 1.05. The company has a quick ratio of 3.89, a current ratio of 3.92 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $11.08 by $1.69. The company had revenue of $31.84 billion during the quarter, compared to the consensus estimate of $31.28 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. During the same period last year, the firm earned $9.70 EPS. On average, equities analysts expect that Alphabet Inc will post 47.39 EPS for the current fiscal year.

A number of analysts recently commented on GOOGL shares. Zacks Investment Research lowered Alphabet from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. ValuEngine raised Alphabet from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Canaccord Genuity upgraded Alphabet from a “hold” rating to a “buy” rating and lifted their price target for the company from $1,140.00 to $1,250.00 in a report on Thursday, January 3rd. SunTrust Banks lowered their target price on Alphabet to $1,350.00 and set a “buy” rating on the stock in a research note on Tuesday, February 5th. They noted that the move was a valuation call. Finally, William Blair reaffirmed an “outperform” rating on shares of Alphabet in a research report on Tuesday, February 5th. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and a consensus target price of $1,324.14.

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Alphabet Company Profile

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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