Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Increases Stake in Alphabet Inc (GOOGL)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Alphabet Inc (NASDAQ:GOOGL) by 2.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 115,533 shares of the information services provider’s stock after acquiring an additional 2,995 shares during the period. Alphabet accounts for approximately 2.2% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 16th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Alphabet were worth $112,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in GOOGL. Vanguard Group Inc. raised its position in Alphabet by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after purchasing an additional 662,279 shares during the last quarter. BlackRock Inc. raised its position in Alphabet by 3.1% during the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after purchasing an additional 567,337 shares during the last quarter. FMR LLC raised its position in Alphabet by 2.1% during the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after purchasing an additional 367,634 shares during the last quarter. State Street Corp raised its position in Alphabet by 1.2% during the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock worth $10,128,119,000 after purchasing an additional 142,214 shares during the last quarter. Finally, Capital Research Global Investors raised its position in 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 worth $4,005,243,000 after purchasing an additional 102,133 shares during the last quarter. Institutional investors own 33.55% of the company’s stock.

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at $1,091.52 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The company has a market capitalization of $755,470.00, a PE ratio of 36.36, a PEG ratio of 1.38 and a beta of 0.90. Alphabet Inc has a 12 month low of $804.11 and a 12 month high of $1,096.10.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period last year, the business posted $9.06 EPS. analysts anticipate that Alphabet Inc will post 32.34 earnings per share for the current year.

GOOGL has been the subject of several analyst reports. Goldman Sachs Group raised their target price on Alphabet from $1,125.00 to $1,175.00 in a research report on Friday, October 27th. SunTrust Banks reaffirmed a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Saturday, September 23rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Thursday, September 21st. Robert W. Baird reaffirmed a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Monday, September 11th. Finally, UBS Group reaffirmed a “buy” rating and set a $1,080.00 target price on shares of Alphabet in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $1,092.66.

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About Alphabet

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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