CFO4Life Group LLC Increases Holdings in Alphabet Inc (GOOGL)

CFO4Life Group LLC raised its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 667 shares of the information services provider’s stock after purchasing an additional 13 shares during the quarter. Alphabet makes up 0.6% of CFO4Life Group LLC’s holdings, making the stock its 26th biggest position. CFO4Life Group LLC’s holdings in Alphabet were worth $620,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp raised its stake in Alphabet by 1.2% in the first quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after purchasing an additional 142,214 shares in the last quarter. Legal & General Group Plc raised its stake in Alphabet by 3.0% in the second quarter. Legal & General Group Plc now owns 1,441,831 shares of the information services provider’s stock valued at $1,340,528,000 after purchasing an additional 42,001 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Alphabet by 7.0% in the second quarter. Canada Pension Plan Investment Board now owns 1,316,448 shares of the information services provider’s stock valued at $1,223,875,000 after purchasing an additional 85,800 shares in the last quarter. Bank of Montreal Can raised its stake in Alphabet by 0.8% in the second quarter. Bank of Montreal Can now owns 1,094,698 shares of the information services provider’s stock valued at $1,017,719,000 after purchasing an additional 8,375 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Alphabet by 4.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,038,084 shares of the information services provider’s stock valued at $965,086,000 after purchasing an additional 43,543 shares in the last quarter. 33.62% of the stock is owned by institutional investors.

A number of research analysts recently commented on GOOGL shares. CIBC reaffirmed an “outperform” rating and issued a $1,180.00 price target (up previously from $1,050.00) on shares of Alphabet in a research note on Friday, October 27th. Pivotal Research reaffirmed a “hold” rating and issued a $970.00 price target on shares of Alphabet in a research note on Friday, October 13th. UBS reaffirmed a “buy” rating and issued a $1,080.00 price target on shares of Alphabet in a research note on Friday, September 8th. Citigroup reaffirmed a “buy” rating and issued a $1,180.00 price target on shares of Alphabet in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a research note on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, forty have given 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 $1,089.17.

Shares of Alphabet Inc (GOOGL) opened at $1,011.87 on Tuesday. The firm has a market capitalization of $697,910.00, a PE ratio of 34.32, a PEG ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc has a twelve month low of $766.97 and a twelve month high of $1,080.00.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion for the quarter, compared to analysts’ expectations 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 previous year, the business posted $9.06 earnings per share. research analysts anticipate that Alphabet Inc will post 32.34 EPS for the current year.

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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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