Cedar Capital LLC increased its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 12.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 517 shares of the information services provider’s stock after buying an additional 56 shares during the quarter. Cedar Capital LLC’s holdings in Alphabet were worth $503,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Novare Capital Management LLC grew its stake in Alphabet by 0.9% in the 2nd quarter. Novare Capital Management LLC now owns 8,590 shares of the information services provider’s stock valued at $7,986,000 after purchasing an additional 80 shares during the period. Camelot Portfolios LLC bought a new position in Alphabet in the 2nd quarter valued at $211,000. Gardiner Nancy B grew its stake in Alphabet by 5.4% in the 3rd quarter. Gardiner Nancy B now owns 1,450 shares of the information services provider’s stock valued at $1,412,000 after purchasing an additional 74 shares during the period. Country Trust Bank bought a new position in Alphabet in the 2nd quarter valued at $44,071,000. Finally, Anchor Capital Advisors LLC grew its stake in Alphabet by 3.0% in the 2nd quarter. Anchor Capital Advisors LLC now owns 378 shares of the information services provider’s stock valued at $351,000 after purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 33.57% of the company’s stock.

Shares of Alphabet Inc (GOOGL) opened at $1,143.50 on Monday. Alphabet Inc has a 1-year low of $812.05 and a 1-year high of $1,148.88. The firm has a market capitalization of $792,410.00, a PE ratio of 38.09, a price-to-earnings-growth ratio of 1.49 and a beta of 0.90. 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 (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the consensus estimate of $8.43 by $1.14. The firm had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period in the prior year, the company earned $9.06 EPS. equities research analysts forecast that Alphabet Inc will post 32.36 earnings per share for the current year.

A number of research analysts have issued reports on the company. KeyCorp restated an “overweight” rating and issued a $1,280.00 price objective (up previously from $1,150.00) on shares of Alphabet in a research note on Friday. SunTrust Banks restated a “buy” rating and issued a $1,250.00 price objective on shares of Alphabet in a research note on Friday, January 12th. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,266.00 price objective for the company in a research note on Tuesday, January 16th. Vetr downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,137.28 price objective for the company. in a research note on Thursday, January 4th. Finally, Bank of America reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,101.79.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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