Zeke Capital Advisors LLC raised its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 150.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,039 shares of the information services provider’s stock after purchasing an additional 4,832 shares during the quarter. Alphabet accounts for approximately 1.1% of Zeke Capital Advisors LLC’s holdings, making the stock its 12th biggest position. Zeke Capital Advisors LLC’s holdings in Alphabet were worth $7,828,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GOOGL. Vanguard Group Inc. lifted its position in shares of Alphabet by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after buying an additional 662,279 shares in the last quarter. BlackRock Inc. lifted its position in shares of Alphabet by 3.1% during the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after buying an additional 567,337 shares in the last quarter. FMR LLC lifted its position in shares of Alphabet by 2.1% during the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock valued at $16,406,366,000 after buying an additional 367,634 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Alphabet by 2.4% during the 2nd quarter. Capital Research Global Investors now owns 4,308,195 shares of the information services provider’s stock valued at $4,005,243,000 after buying an additional 102,133 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of Alphabet by 7.8% during the 2nd quarter. Capital World Investors now owns 3,879,982 shares of the information services provider’s stock valued at $3,607,142,000 after buying an additional 280,710 shares in the last quarter. Institutional investors and hedge funds own 33.60% of the company’s stock.

A number of research analysts recently commented on GOOGL shares. Cantor Fitzgerald reissued a “buy” rating and issued a $1,100.00 price target on shares of Alphabet in a report on Tuesday, October 24th. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,199.00 price target on the stock in a report on Tuesday, December 26th. SunTrust Banks lowered their price target on Alphabet from $1,250.00 to $1,180.00 in a report on Monday, January 15th. Cowen boosted their price target on Alphabet from $1,150.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Finally, Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,055.90 price target on the stock in a report on Monday, December 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $1,157.02.

Alphabet Inc (GOOGL) opened at $1,054.14 on Wednesday. The firm has a market capitalization of $731,640.00, a P/E ratio of 58.69, a PEG ratio of 1.09 and a beta of 0.95. The company has a current ratio of 5.14, a quick ratio of 5.11 and a debt-to-equity ratio of 0.03. Alphabet Inc has a 12-month low of $824.30 and a 12-month high of $1,198.00.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $10.12 by ($0.42). The company had revenue of $25.87 billion for the quarter, compared to the consensus estimate of $25.65 billion. Alphabet had a net margin of 11.42% and a return on equity of 14.94%. analysts forecast that Alphabet Inc will post 42.51 earnings per share for the current year.

Alphabet declared that its board has authorized a stock buyback plan on Thursday, February 1st that authorizes the company to buyback $8.59 billion in outstanding shares. This buyback authorization authorizes the information services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

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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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