Alphabet Inc (GOOGL) Holdings Lifted by Diversified Trust Co

Diversified Trust Co grew its position in Alphabet Inc (NASDAQ:GOOGL) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,290 shares of the information services provider’s stock after acquiring an additional 132 shares during the quarter. Diversified Trust Co’s holdings in Alphabet were worth $6,573,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of GOOGL. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of Alphabet by 2.5% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,663 shares of the information services provider’s stock valued at $2,986,000 after purchasing an additional 64 shares during the period. Gifford Fong Associates bought a new position in shares of Alphabet in the 2nd quarter valued at about $5,364,000. Amussen Hunsaker Associates LLC grew its holdings in shares of Alphabet by 6.5% in the 2nd quarter. Amussen Hunsaker Associates LLC now owns 2,366 shares of the information services provider’s stock valued at $2,672,000 after acquiring an additional 144 shares in the last quarter. Carnegie Capital Asset Management LLC grew its holdings in shares of Alphabet by 8.0% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 16,513 shares of the information services provider’s stock valued at $20,533,000 after acquiring an additional 1,219 shares in the last quarter. Finally, Titus Wealth Management grew its holdings in shares of Alphabet by 51.7% in the 2nd quarter. Titus Wealth Management now owns 349 shares of the information services provider’s stock valued at $393,000 after acquiring an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 34.02% of the company’s stock.

Shares of Alphabet stock traded up $23.04 on Friday, reaching $1,189.55. 2,074,577 shares of the company traded hands, compared to its average volume of 1,659,725. Alphabet Inc has a 52 week low of $977.66 and a 52 week high of $1,296.97. The company has a market capitalization of $826.96 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.41 and a beta of 1.04. The company has a quick ratio of 3.89, a current ratio of 3.96 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $10.56 by $1.34. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. The company had revenue of $29.48 billion during the quarter, compared to the consensus estimate of $29.99 billion. During the same period last year, the firm earned $13.33 EPS. Equities analysts expect that Alphabet Inc will post 47.59 EPS for the current fiscal year.

Several equities research analysts have issued reports on the stock. Nomura cut their price objective on shares of Alphabet from $1,310.00 to $1,300.00 and set a “buy” rating for the company in a research report on Tuesday. Stifel Nicolaus downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price target for the company. in a research report on Tuesday. BMO Capital Markets boosted their price objective on shares of Alphabet from $1,100.00 to $1,200.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. They noted that the move was a valuation call. JMP Securities restated an “outperform” rating and set a $1,375.00 price objective (up from $1,300.00) on shares of Alphabet in a research report on Tuesday. Finally, Argus reaffirmed a “buy” rating and set a $1,450.00 target price on shares of Alphabet in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $1,325.55.

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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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