Alphabet Inc (NASDAQ:GOOGL) Stock Holdings Lifted by Zevin Asset Management LLC

Zevin Asset Management LLC lifted its position in Alphabet Inc (NASDAQ:GOOGL) by 3.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,400 shares of the information services provider’s stock after buying an additional 227 shares during the quarter. Alphabet makes up about 2.9% of Zevin Asset Management LLC’s holdings, making the stock its 13th largest holding. Zevin Asset Management LLC’s holdings in Alphabet were worth $9,036,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. DAGCO Inc. lifted its stake in Alphabet by 0.6% in the third quarter. DAGCO Inc. now owns 1,282 shares of the information services provider’s stock valued at $1,565,000 after acquiring an additional 8 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Alphabet by 7.8% in the second quarter. Creative Financial Designs Inc. ADV now owns 125 shares of the information services provider’s stock valued at $140,000 after acquiring an additional 9 shares during the last quarter. Copperwynd Financial LLC lifted its stake in Alphabet by 2.1% in the second quarter. Copperwynd Financial LLC now owns 448 shares of the information services provider’s stock valued at $485,000 after acquiring an additional 9 shares during the last quarter. Pensionmark Financial Group LLC lifted its stake in Alphabet by 4.5% in the second quarter. Pensionmark Financial Group LLC now owns 210 shares of the information services provider’s stock valued at $251,000 after acquiring an additional 9 shares during the last quarter. Finally, Cypress Capital Group lifted its stake in Alphabet by 1.0% in the third quarter. Cypress Capital Group now owns 874 shares of the information services provider’s stock valued at $1,067,000 after acquiring an additional 9 shares during the last quarter. 33.56% of the stock is currently owned by institutional investors and hedge funds.

GOOGL has been the subject of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of Alphabet from $1,299.00 to $1,325.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Citigroup reiterated a “buy” rating and issued a $1,450.00 target price (up from $1,325.00) on shares of Alphabet in a research note on Friday, July 26th. JMP Securities lifted their target price on shares of Alphabet to $1,450.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Oppenheimer set a $1,370.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Guggenheim reduced their price objective on shares of Alphabet from $1,525.00 to $1,460.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,406.25.

GOOGL stock traded up $2.06 on Friday, reaching $1,309.00. 1,519,600 shares of the company were exchanged, compared to its average volume of 1,555,468. Alphabet Inc has a 12 month low of $977.66 and a 12 month high of $1,322.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75. The stock’s fifty day moving average price is $1,241.32 and its 200 day moving average price is $1,181.32. The firm has a market capitalization 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 issued its earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $12.42 by ($2.30). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. 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 prior year, the firm posted $13.06 EPS. As a group, research analysts expect that Alphabet Inc will post 49.05 EPS for the current fiscal year.

Alphabet Company 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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