Steigerwald Gordon & Koch Inc. Acquires 14 Shares of Alphabet Inc (NASDAQ:GOOGL)

Steigerwald Gordon & Koch Inc. raised its stake in Alphabet Inc (NASDAQ:GOOGL) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 405 shares of the information services provider’s stock after buying an additional 14 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Alphabet were worth $423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. MARSHALL WACE ASIA Ltd raised its stake in shares of Alphabet by 2,089.3% during the 3rd quarter. MARSHALL WACE ASIA Ltd now owns 97,141 shares of the information services provider’s stock worth $117,257,000 after acquiring an additional 92,704 shares in the last quarter. CX Institutional increased its stake in Alphabet by 93.1% during the 4th quarter. CX Institutional now owns 112 shares of the information services provider’s stock valued at $117,000 after purchasing an additional 54 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in Alphabet by 66.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 76,862 shares of the information services provider’s stock valued at $92,779,000 after purchasing an additional 30,611 shares in the last quarter. Leavell Investment Management Inc. increased its stake in Alphabet by 3.8% during the 3rd quarter. Leavell Investment Management Inc. now owns 1,355 shares of the information services provider’s stock valued at $1,636,000 after purchasing an additional 50 shares in the last quarter. Finally, Meristem Family Wealth LLC increased its stake in Alphabet by 7.2% during the 3rd quarter. Meristem Family Wealth LLC now owns 846 shares of the information services provider’s stock valued at $1,021,000 after purchasing an additional 57 shares in the last quarter. 34.02% of the stock is owned by institutional investors.

Several research firms have recently commented on GOOGL. Pivotal Research raised shares of Alphabet from a “hold” rating to a “buy” rating and upped their price objective for the company from $1,010.00 to $1,240.00 in a report on Monday, January 7th. ValuEngine downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,208.00 price objective on the stock in a report on Friday, January 11th. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, January 14th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $1,300.00 price objective on shares of Alphabet in a report on Wednesday, January 23rd. Five investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $1,325.55.

Shares of NASDAQ GOOGL traded up $23.04 during mid-day trading on Friday, reaching $1,189.55. The company’s stock had a trading volume of 2,074,577 shares, compared to its average volume of 1,659,725. The stock has a market capitalization of $826.96 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth 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 Inc has a 1-year low of $977.66 and a 1-year high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, beating the Zacks’ consensus estimate of $10.56 by $1.34. The business had revenue of $29.48 billion during the quarter, compared to analysts’ expectations of $29.99 billion. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. During the same period in the prior year, the business earned $13.33 earnings per share. As a group, equities research analysts expect that Alphabet Inc will post 47.59 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this report on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this report can be accessed at https://www.baseballdailydigest.com/news/2019/05/04/steigerwald-gordon-koch-inc-acquires-14-shares-of-alphabet-inc-googl.html.

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.

Read More: What is intrinsic value?

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.