Rothschild Capital Partners LLC lifted its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,370 shares of the information services provider’s stock after buying an additional 146 shares during the period. Alphabet makes up about 7.5% of Rothschild Capital Partners LLC’s investment portfolio, making the stock its 3rd largest holding. Rothschild Capital Partners LLC’s holdings in Alphabet were worth $13,971,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of GOOGL. Vestor Capital LLC bought a new position in shares of Alphabet in the third quarter valued at $62,000. Lavaca Capital LLC bought a new position in shares of Alphabet in the fourth quarter valued at $97,000. Sound Income Strategies LLC increased its holdings in shares of Alphabet by 71.4% in the fourth quarter. Sound Income Strategies LLC now owns 96 shares of the information services provider’s stock valued at $100,000 after buying an additional 40 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Alphabet in the fourth quarter valued at $103,000. Finally, Matthew Goff Investment Advisor LLC bought a new position in shares of Alphabet in the third quarter valued at $107,000. Institutional investors and hedge funds own 33.51% of the company’s stock.
Shares of Alphabet stock traded down $19.62 on Wednesday, hitting $1,119.94. 1,585,678 shares of the company traded hands, compared to its average volume of 1,643,895. The company has a quick ratio of 3.93, a current ratio of 3.96 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 12-month low of $977.66 and a 12-month high of $1,296.97. The stock has a market cap of $777.51 billion, a P/E ratio of 23.57, a P/E/G ratio of 1.34 and a beta of 1.03.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, beating the consensus estimate of $10.56 by $1.34. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. The business had revenue of $29.48 billion for the quarter, compared to analysts’ expectations of $29.99 billion. During the same period in the previous year, the company posted $13.33 EPS. On average, equities research analysts expect that Alphabet Inc will post 48.44 earnings per share for the current fiscal year.
Several research firms have issued reports on GOOGL. Zacks Investment Research cut Alphabet from a “buy” rating to a “hold” rating in a report on Monday, February 18th. Argus reaffirmed a “buy” rating and issued a $1,450.00 price target on shares of Alphabet in a report on Wednesday, May 1st. Morgan Stanley dropped their price target on Alphabet from $1,500.00 to $1,425.00 and set an “overweight” rating on the stock in a report on Tuesday, April 30th. They noted that the move was a valuation call. Deutsche Bank upped their price target on Alphabet from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Finally, ValuEngine upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Seven equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $1,323.74.
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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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