Alphabet Inc (NASDAQ:GOOGL) Stock Holdings Lifted by Taylor Hoffman Wealth Management

Taylor Hoffman Wealth Management lifted its position in Alphabet Inc (NASDAQ:GOOGL) by 13.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,111 shares of the information services provider’s stock after buying 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 quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC lifted its stake in Alphabet by 205,910.9% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,393,000 shares of the information services provider’s stock valued at $339,300,000 after buying an additional 3,391,353 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of 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 buying an additional 2,109,515 shares in the last quarter. Invesco Ltd. lifted its position in shares of 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 buying an additional 1,285,824 shares in the last quarter. Packer & Co Ltd lifted its position in shares of 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 buying an additional 935,325 shares in the last quarter. Finally, Veritas Asset Management LLP lifted its position in shares of 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 buying an additional 355,900 shares in the last quarter. 33.56% of the stock is currently owned by institutional investors and hedge funds.

GOOGL traded up $2.06 on Friday, reaching $1,309.00. The company had a trading volume of 1,519,600 shares, compared to its average volume of 1,555,468. The stock has a 50-day moving average price of $1,241.32 and a 200-day moving average price of $1,181.32. 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 Inc has a 1 year low of $977.66 and a 1 year high of $1,322.65. The stock has a market capitalization of $895.48 billion, a PE ratio of 27.55, a P/E/G ratio of 1.58 and a beta of 1.01.

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

A number of equities research analysts recently commented on GOOGL shares. Guggenheim decreased their target price on Alphabet from $1,525.00 to $1,460.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. FBN Securities set a $1,400.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, July 26th. Pivotal Research reissued a “hold” rating and issued a $1,445.00 target price on shares of Alphabet in a research note on Tuesday, October 29th. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,322.00 target price on the stock in a research note on Friday, October 25th. Finally, Needham & Company LLC set a $1,350.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $1,406.25.

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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