Northwest Quadrant Wealth Management LLC Buys New Stake in Alphabet Inc (GOOGL)

Northwest Quadrant Wealth Management LLC bought a new stake in shares of Alphabet Inc (NASDAQ:GOOGL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 439 shares of the information services provider’s stock, valued at approximately $474,000. Alphabet accounts for 0.2% of Northwest Quadrant Wealth Management LLC’s holdings, making the stock its 25th largest holding.

Other large investors have also made changes to their positions in the company. FMR LLC raised its stake in shares of Alphabet by 5.5% during the third quarter. FMR LLC now owns 16,434,628 shares of the information services provider’s stock valued at $19,837,909,000 after acquiring an additional 858,589 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Alphabet by 118,334.5% during the third 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 acquiring an additional 3,284,967 shares in the last quarter. Jennison Associates LLC raised its stake in Alphabet by 10.4% in the third quarter. Jennison Associates LLC now owns 1,922,845 shares of the information services provider’s stock worth $2,321,028,000 after buying an additional 181,916 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in 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 buying an additional 1,813,265 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Alphabet by 6.0% in the third quarter. TIAA CREF Investment Management LLC now owns 1,671,001 shares of the information services provider’s stock worth $2,017,032,000 after buying an additional 95,096 shares in the last quarter. Institutional investors and hedge funds own 33.56% of the company’s stock.

A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. Argus reissued a “buy” rating and issued a $1,450.00 price objective on shares of Alphabet in a research note on Wednesday, May 1st. Morgan Stanley reduced their price objective on shares of Alphabet from $1,500.00 to $1,425.00 and set an “overweight” rating for the company in a research note on Tuesday, April 30th. They noted that the move was a valuation call. Deutsche Bank boosted their price objective on shares of Alphabet from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Finally, ValuEngine raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Five investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $1,328.88.

NASDAQ GOOGL opened at $1,155.85 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.93 and a current ratio of 3.96. Alphabet Inc has a 12-month low of $977.66 and a 12-month high of $1,296.97. The firm has a market capitalization of $801.46 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 1.36 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, beating analysts’ consensus estimates of $10.56 by $1.34. The firm had revenue of $29.48 billion for the quarter, compared to analyst estimates 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 previous year, the company earned $13.33 earnings per share. Sell-side analysts anticipate that Alphabet Inc will post 48.44 EPS for the current year.

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Alphabet Company 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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