Gilbert & Cook Inc. grew its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 4.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 507 shares of the information services provider’s stock after purchasing an additional 22 shares during the period. Gilbert & Cook Inc.’s holdings in Alphabet were worth $619,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thoroughbred Financial Services LLC increased its stake in Alphabet by 205,910.9% during the second quarter. Thoroughbred Financial Services LLC now owns 3,393,000 shares of the information services provider’s stock valued at $339,300,000 after purchasing an additional 3,391,353 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Alphabet by 2,010.7% in the second quarter. Nuveen Asset Management LLC now owns 2,214,432 shares of the information services provider’s stock worth $2,397,786,000 after purchasing an additional 2,109,515 shares during the period. Invesco Ltd. lifted its holdings in Alphabet by 37.1% in the second quarter. Invesco Ltd. now owns 4,752,079 shares of the information services provider’s stock worth $5,145,551,000 after purchasing an additional 1,285,824 shares during the period. Packer & Co Ltd lifted its holdings in Alphabet by 4,018.6% in the second quarter. Packer & Co Ltd now owns 958,600 shares of the information services provider’s stock worth $25,202,000 after purchasing an additional 935,325 shares during the period. Finally, Veritas Asset Management LLP lifted its holdings in Alphabet by 52.9% in the second quarter. Veritas Asset Management LLP now owns 1,028,976 shares of the information services provider’s stock worth $1,114,175,000 after purchasing an additional 355,900 shares during the period. Institutional investors own 33.56% of the company’s stock.

GOOGL stock traded up $2.06 during midday trading on Friday, reaching $1,309.00. 1,519,600 shares of the company’s stock traded hands, compared to its average volume of 1,555,468. The company has a market cap of $895.48 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 1.58 and a beta of 1.01. The company has a 50-day simple moving average of $1,241.32 and a two-hundred day simple moving average of $1,181.32. Alphabet Inc has a 1-year low of $977.66 and a 1-year high of $1,322.65. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing analysts’ consensus estimates of $12.42 by ($2.30). The firm had revenue of $33.01 billion during the quarter, compared to the consensus estimate of $32.84 billion. Alphabet had a net margin of 21.04% and a return on equity of 18.34%. During the same quarter last year, the firm earned $13.06 earnings per share. Equities research analysts forecast that Alphabet Inc will post 49.05 EPS for the current year.

Several equities research analysts recently weighed in on the stock. Credit Suisse Group reaffirmed an “outperform” rating and issued a $1,700.00 price objective (up previously from $1,500.00) on shares of Alphabet in a report on Wednesday, October 23rd. They noted that the move was a valuation call. Oppenheimer set a $1,370.00 price target on Alphabet and gave the company a “buy” rating in a research report on Friday, July 26th. Wedbush upped their price target on Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. They noted that the move was a valuation call. Royal Bank of Canada upped their price target on Alphabet from $1,425.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Tuesday, September 24th. Finally, Citigroup reissued a “buy” rating and set a $1,450.00 price target (up from $1,325.00) on shares of Alphabet in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $1,406.25.

Alphabet 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.

Further Reading: Gross Domestic Product (GDP)

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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