Neville Rodie & Shaw Inc. increased its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,407 shares of the information services provider’s stock after purchasing an additional 200 shares during the period. Alphabet accounts for approximately 1.6% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 9th biggest position. Neville Rodie & Shaw Inc.’s holdings in Alphabet were worth $14,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Curbstone Financial Management Corp grew its stake in Alphabet by 100.0% during the 3rd quarter. Curbstone Financial Management Corp now owns 790 shares of the information services provider’s stock valued at $769,000 after acquiring an additional 395 shares in the last quarter. Bath Savings Trust Co grew its stake in Alphabet by 9.2% during the 3rd quarter. Bath Savings Trust Co now owns 7,529 shares of the information services provider’s stock valued at $7,332,000 after acquiring an additional 635 shares in the last quarter. Bridges Investment Management Inc. grew its stake in Alphabet by 1.4% during the 3rd quarter. Bridges Investment Management Inc. now owns 10,342 shares of the information services provider’s stock valued at $10,070,000 after acquiring an additional 139 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new stake in Alphabet during the 2nd quarter valued at about $233,000. Finally, Griffin Asset Management Inc. purchased a new stake in Alphabet during the 2nd quarter valued at about $406,000. Hedge funds and other institutional investors own 33.62% of the company’s stock.

GOOGL has been the subject of several research reports. UBS reaffirmed an “overweight” rating on shares of Alphabet in a research note on Thursday, August 24th. Robert W. Baird reissued an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a research note on Saturday, August 26th. Monness Crespi & Hardt reissued a “buy” rating on shares of Alphabet in a research note on Saturday, August 26th. Credit Suisse Group reissued an “outperform” rating on shares of Alphabet in a research note on Thursday, August 31st. Finally, SunTrust Banks reissued a “buy” rating and issued a $1,100.00 price target on shares of Alphabet in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $1,089.17.

Alphabet Inc (GOOGL) opened at $1,072.00 on Friday. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet Inc has a fifty-two week low of $789.62 and a fifty-two week high of $1,080.00. The company has a market cap of $752,300.00, a P/E ratio of 35.40, a PEG ratio of 1.78 and a beta of 0.90.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same period in the prior year, the business earned $9.06 EPS. research analysts anticipate that Alphabet Inc will post 32.34 earnings per share for the current year.

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Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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