O Dell Group LLC raised its position in Alphabet Inc (NASDAQ:GOOGL) by 27.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 234 shares of the information services provider’s stock after acquiring an additional 50 shares during the quarter. O Dell Group LLC’s holdings in Alphabet were worth $245,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in Alphabet by 118,334.5% during the third quarter. Bank of New York Mellon Corp now owns 3,287,743 shares of the information services provider’s stock worth $3,968,570,000 after acquiring an additional 3,284,967 shares during the period. Rehmann Capital Advisory Group increased its holdings in Alphabet by 118,282.1% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,814,798 shares of the information services provider’s stock valued at $2,137,263,000 after buying an additional 1,813,265 shares during the period. Packer & Co Ltd acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $21,605,000. FMR LLC boosted its stake in shares of Alphabet by 5.5% in the 3rd quarter. FMR LLC now owns 16,434,628 shares of the information services provider’s stock valued at $19,837,909,000 after purchasing an additional 858,589 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Alphabet in the 2nd quarter valued at approximately $774,000. 33.99% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently weighed in on GOOGL shares. Jefferies Financial Group set a $1,200.00 price target on shares of Alphabet and gave the company a “buy” rating in a research note on Thursday, December 20th. Canaccord Genuity raised Alphabet from a “hold” rating to a “buy” rating and raised their target price for the stock from $1,140.00 to $1,250.00 in a research note on Thursday, January 3rd. Zacks Investment Research cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Pivotal Research raised Alphabet from a “hold” rating to a “buy” rating and raised their target price for the stock from $1,010.00 to $1,240.00 in a research note on Monday, January 7th. Finally, ValuEngine cut Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Two equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $1,329.91.
Alphabet (NASDAQ:GOOGL) last announced its earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $11.08 by $1.69. The company had revenue of $31.84 billion for the quarter, compared to analyst estimates of $31.28 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. During the same period in the prior year, the business earned $9.70 earnings per share. On average, equities analysts forecast that Alphabet Inc will post 47.49 earnings per share for the current fiscal year.
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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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