Boenning & Scattergood Inc. increased its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,166 shares of the information services provider’s stock after buying an additional 118 shares during the period. Boenning & Scattergood Inc.’s holdings in Alphabet were worth $1,218,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vestor Capital LLC purchased a new position in shares of Alphabet in the third quarter worth about $62,000. Lavaca Capital LLC purchased a new position in shares of Alphabet in the fourth quarter worth about $97,000. Sound Income Strategies LLC increased its stake in shares of Alphabet by 71.4% in the fourth quarter. Sound Income Strategies LLC now owns 96 shares of the information services provider’s stock worth $100,000 after purchasing an additional 40 shares in the last quarter. Matthew Goff Investment Advisor LLC purchased a new position in shares of Alphabet in the third quarter worth about $107,000. Finally, CX Institutional increased its stake in shares of Alphabet by 93.1% in the fourth quarter. CX Institutional now owns 112 shares of the information services provider’s stock worth $117,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 33.99% of the company’s stock.

Several research firms have recently weighed in on GOOGL. Pivotal Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and lifted their target price for the stock from $1,010.00 to $1,240.00 in a research note on Monday, January 7th. William Blair reiterated an “outperform” rating on shares of Alphabet in a research note on Tuesday, February 5th. ValuEngine upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,234.00 target price for the company in a research note on Monday, January 28th. Finally, Nomura reduced their target price on shares of Alphabet from $1,350.00 to $1,310.00 and set a “buy” rating for the company in a research note on Tuesday, February 5th. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $1,324.14.

Shares of Alphabet stock opened at $1,226.53 on Tuesday. Alphabet Inc has a 1 year low of $977.66 and a 1 year high of $1,291.44. The company has a market cap of $850.03 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 1.42 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.89.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.08 by $1.69. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The business had revenue of $31.84 billion during the quarter, compared to analyst estimates of $31.28 billion. During the same period in the previous year, the business posted $9.70 earnings per share. Equities research analysts predict that Alphabet Inc will post 47.39 earnings per share for the current fiscal year.

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About Alphabet

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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