Taylor Hoffman Wealth Management raised its holdings in Alphabet Inc (NASDAQ:GOOGL) by 13.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,111 shares of the information services provider’s stock after purchasing an additional 133 shares during the quarter. Taylor Hoffman Wealth Management’s holdings in Alphabet were worth $1,357,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GOOGL. Litman Gregory Asset Management LLC acquired a new stake in shares of Alphabet during the second quarter worth approximately $37,000. Garrett Wealth Advisory Group LLC purchased a new stake in shares of Alphabet during the 3rd quarter worth $39,000. Lipe & Dalton purchased a new stake in shares of Alphabet during the 2nd quarter worth $49,000. Johnson Financial Group Inc. lifted its position in shares of Alphabet by 26.3% during the 2nd quarter. Johnson Financial Group Inc. now owns 48 shares of the information services provider’s stock worth $52,000 after purchasing an additional 10 shares during the last quarter. Finally, Vista Private Wealth Partners. LLC purchased a new stake in shares of Alphabet during the 3rd quarter worth $60,000. 33.56% of the stock is currently owned by institutional investors.

Shares of Alphabet stock traded up $2.06 during trading hours on Friday, hitting $1,309.00. The company’s stock had a trading volume of 1,519,600 shares, compared to its average volume of 1,555,468. The business has a 50 day moving average price of $1,241.32 and a two-hundred day moving average price of $1,181.32. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78. Alphabet Inc has a 12-month low of $977.66 and a 12-month high of $1,322.65. The company has a market cap of $895.48 billion, a PE ratio of 27.55, a PEG ratio of 1.58 and a beta of 1.01.

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

A number of research analysts have recently issued reports on GOOGL shares. FBN Securities set a $1,400.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, July 26th. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, July 13th. Nomura restated a “buy” rating and issued a $1,400.00 price target (up from $1,300.00) on shares of Alphabet in a research note on Friday, July 26th. SunTrust Banks restated a “buy” rating and issued a $1,400.00 price target on shares of Alphabet in a research note on Monday, October 28th. They noted that the move was a valuation call. Finally, Jefferies Financial Group raised their price target on Alphabet from $1,500.00 to $1,550.00 in a research note on Tuesday, October 29th. Seven equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target 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: Understanding Market Liquidity

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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