Signature Estate & Investment Advisors LLC Raises Holdings in Alphabet Inc (GOOGL)

Signature Estate & Investment Advisors LLC lifted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,061 shares of the information services provider’s stock after acquiring an additional 773 shares during the quarter. Alphabet comprises approximately 1.8% of Signature Estate & Investment Advisors LLC’s holdings, making the stock its 20th largest position. Signature Estate & Investment Advisors LLC’s holdings in Alphabet were worth $19,918,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Alphabet by 5.5% during 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 during the period. Bank of New York Mellon Corp boosted its stake in Alphabet by 118,334.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,287,743 shares of the information services provider’s stock valued at $3,968,570,000 after purchasing an additional 3,284,967 shares during the period. Jennison Associates LLC boosted its stake in Alphabet by 10.4% during the 3rd quarter. Jennison Associates LLC now owns 1,922,845 shares of the information services provider’s stock valued at $2,321,028,000 after purchasing an additional 181,916 shares during the period. Rehmann Capital Advisory Group boosted its stake in Alphabet by 118,282.1% during 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 purchasing an additional 1,813,265 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in Alphabet by 6.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,671,001 shares of the information services provider’s stock valued at $2,017,032,000 after purchasing an additional 95,096 shares during the period. Institutional investors own 34.12% of the company’s stock.

Shares of GOOGL opened at $1,168.78 on Friday. Alphabet Inc has a 1 year low of $977.66 and a 1 year high of $1,296.97. The company has a quick ratio of 3.93, a current ratio of 3.96 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $811.42 billion, a PE ratio of 24.60, a P/E/G ratio of 1.38 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $10.56 by $1.34. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The business had revenue of $29.48 billion during the quarter, compared to analysts’ expectations of $29.99 billion. During the same period in the prior year, the firm posted $13.33 EPS. As a group, equities research analysts expect that Alphabet Inc will post 48.44 earnings per share for the current year.

GOOGL has been the subject of several recent analyst reports. Deutsche Bank restated a “buy” rating and set a $1,300.00 target price on shares of Alphabet in a research note on Wednesday, January 23rd. Stifel Nicolaus decreased their target price on Alphabet from $1,400.00 to $1,300.00 and set a “buy” rating for the company in a research note on Friday, January 25th. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,234.00 price objective for the company in a research report on Monday, January 28th. Royal Bank of Canada reduced their price objective on Alphabet to $1,300.00 and set an “outperform” rating for the company in a research report on Tuesday, February 5th. Finally, Barclays reiterated an “overweight” rating on shares of Alphabet in a research report on Tuesday, February 5th. 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 a consensus rating of “Buy” and a consensus price target of $1,328.88.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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