Northstar Capital Management LLC Purchases 23 Shares of Alphabet Inc (GOOGL)

Northstar Capital Management LLC increased its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,798 shares of the information services provider’s stock after purchasing an additional 23 shares during the period. Alphabet comprises about 4.2% of Northstar Capital Management LLC’s portfolio, making the stock its 7th largest holding. Northstar Capital Management LLC’s holdings in Alphabet were worth $3,969,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Capital Insight Partners LLC grew its holdings in shares of Alphabet by 0.4% in the fourth quarter. Capital Insight Partners LLC now owns 2,554 shares of the information services provider’s stock valued at $2,669,000 after acquiring an additional 10 shares in the last quarter. Clarkston Capital Partners LLC lifted its stake in Alphabet by 4.0% in the fourth quarter. Clarkston Capital Partners LLC now owns 260 shares of the information services provider’s stock valued at $272,000 after purchasing an additional 10 shares during the last quarter. Community Bank & Trust Waco Texas lifted its stake in Alphabet by 0.8% in the fourth quarter. Community Bank & Trust Waco Texas now owns 1,286 shares of the information services provider’s stock valued at $1,344,000 after purchasing an additional 10 shares during the last quarter. Anderson Hoagland & Co. lifted its stake in Alphabet by 0.7% in the fourth quarter. Anderson Hoagland & Co. now owns 1,529 shares of the information services provider’s stock valued at $1,565,000 after purchasing an additional 11 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. lifted its stake in Alphabet by 0.5% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 2,601 shares of the information services provider’s stock valued at $2,718,000 after purchasing an additional 12 shares during the last quarter. 33.99% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:GOOGL opened at $1,270.59 on Wednesday. The company has a current ratio of 3.92, a quick ratio of 3.89 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 1 year low of $977.66 and a 1 year high of $1,291.44. The firm has a market cap of $874.68 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 1.46 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data 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. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. The company had revenue of $31.84 billion for the quarter, compared to the consensus estimate of $31.28 billion. During the same quarter last year, the business posted $9.70 earnings per share. On average, analysts predict that Alphabet Inc will post 47.31 earnings per share for the current fiscal year.

GOOGL has been the topic of several research analyst reports. ValuEngine downgraded Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. SunTrust Banks dropped their price objective 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. Deutsche Bank reiterated a “buy” rating and issued a $1,300.00 price objective on shares of Alphabet in a research note on Wednesday, January 23rd. Needham & Company LLC initiated coverage on Alphabet in a research note on Monday, March 4th. They issued a “buy” rating and a $1,153.42 price objective on the stock. Finally, Wells Fargo & Co set a $1,300.00 price objective on Alphabet and gave the company a “buy” rating in a research note on Tuesday, February 5th. Two investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average price target of $1,329.91.

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Alphabet 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.

Further Reading: Coverage Ratio

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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