Alphabet Inc (NASDAQ:GOOGL) Stock Holdings Raised by Montag & Caldwell LLC

Montag & Caldwell LLC lifted its position in Alphabet Inc (NASDAQ:GOOGL) by 9.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,313 shares of the information services provider’s stock after buying an additional 6,763 shares during the quarter. Alphabet makes up approximately 4.5% of Montag & Caldwell LLC’s portfolio, making the stock its 7th biggest holding. Montag & Caldwell LLC’s holdings in Alphabet were worth $86,963,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Newman Dignan & Sheerar Inc. grew its stake in Alphabet by 0.7% during the fourth quarter. Newman Dignan & Sheerar Inc. now owns 3,306 shares of the information services provider’s stock worth $3,455,000 after buying an additional 23 shares during the last quarter. Selz Capital LLC bought a new stake in Alphabet during the fourth quarter worth about $15,360,000. Cambiar Investors LLC grew its stake in Alphabet by 1.9% during the fourth quarter. Cambiar Investors LLC now owns 53,535 shares of the information services provider’s stock worth $55,942,000 after buying an additional 999 shares during the last quarter. Trust Co. of Toledo NA OH grew its stake in Alphabet by 2.6% during the fourth quarter. Trust Co. of Toledo NA OH now owns 2,930 shares of the information services provider’s stock worth $3,062,000 after buying an additional 73 shares during the last quarter. Finally, Calamos Advisors LLC grew its stake in Alphabet by 3.0% during the fourth quarter. Calamos Advisors LLC now owns 267,852 shares of the information services provider’s stock worth $279,895,000 after buying an additional 7,804 shares during the last quarter. 33.96% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on GOOGL. Zacks Investment Research upgraded shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,189.00 target price on the stock in a report on Monday, July 8th. JMP Securities lifted their price objective on shares of Alphabet to $1,450.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Raymond James set a $1,360.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, July 26th. Needham & Company LLC set a $1,350.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Cowen set a $1,500.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, July 26th. Eight research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $1,371.05.

Shares of NASDAQ:GOOGL traded up $9.89 during midday trading on Friday, hitting $1,179.21. The stock had a trading volume of 1,245,800 shares, compared to its average volume of 1,840,052. The company’s 50-day moving average price is $1,159.77 and its 200-day moving average price is $1,158.17. The company has a market capitalization of $810.80 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 1.29 and a beta of 0.97. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. Alphabet Inc has a fifty-two week low of $977.66 and a fifty-two week high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, beating the consensus estimate of $11.49 by $2.72. The company had revenue of $31.71 billion during the quarter, compared to analysts’ expectations of $30.90 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. Research analysts expect that Alphabet Inc will post 51.94 EPS for the current fiscal year.

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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