Anderson Hoagland & Co. Raises Position in Alphabet Inc (NASDAQ:GOOGL)

Anderson Hoagland & Co. lifted its holdings in Alphabet Inc (NASDAQ:GOOGL) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,529 shares of the information services provider’s stock after purchasing an additional 11 shares during the quarter. Alphabet accounts for approximately 1.1% of Anderson Hoagland & Co.’s investment portfolio, making the stock its 25th biggest holding. Anderson Hoagland & Co.’s holdings in Alphabet were worth $1,565,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GOOGL. Bank of New York Mellon Corp lifted its position in shares of Alphabet by 118,334.5% in 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 purchasing an additional 3,284,967 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Alphabet by 118,282.1% in the third quarter. Rehmann Capital Advisory Group now owns 1,814,798 shares of the information services provider’s stock worth $2,137,263,000 after purchasing an additional 1,813,265 shares in the last quarter. Packer & Co Ltd bought a new stake in shares of Alphabet in the fourth quarter worth $21,605,000. FMR LLC lifted its position in shares of Alphabet by 5.5% in the third quarter. FMR LLC now owns 16,434,628 shares of the information services provider’s stock worth $19,837,909,000 after purchasing an additional 858,589 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new stake in Alphabet during the second quarter worth $774,000. 33.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of GOOGL stock traded up $1.33 on Friday, hitting $1,241.47. The company’s stock had a trading volume of 1,237,788 shares, compared to its average volume of 1,211,242. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.89 and a current ratio of 3.92. Alphabet Inc has a fifty-two week low of $977.66 and a fifty-two week high of $1,291.44. The company has a market capitalization of $863.05 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $11.08 by $1.69. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The business had revenue of $31.84 billion for the quarter, compared to the consensus estimate of $31.28 billion. During the same period in the prior year, the company posted $9.70 earnings per share. On average, analysts forecast that Alphabet Inc will post 47.31 EPS for the current year.

Several analysts have issued reports on GOOGL shares. Nomura reaffirmed an “outperform” rating on shares of Alphabet in a research report on Wednesday, February 6th. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,234.00 price target on the stock in a research report on Monday, January 28th. Wells Fargo & Co set a $1,300.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research report on Tuesday, February 5th. BMO Capital Markets dropped their price target on shares of Alphabet to $1,100.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 5th. They noted that the move was a valuation call. Finally, Stifel Nicolaus dropped their price target on shares of Alphabet from $1,400.00 to $1,300.00 and set a “buy” rating on the stock in a research report on Friday, January 25th. Two equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $1,329.91.

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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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