Stephens Inc. AR Acquires 299 Shares of Alphabet Inc (NASDAQ:GOOGL)

Stephens Inc. AR raised its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,402 shares of the information services provider’s stock after acquiring an additional 299 shares during the period. Stephens Inc. AR’s holdings in Alphabet were worth $11,915,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Canal Capital Management LLC increased its stake in Alphabet by 0.8% in the fourth quarter. Canal Capital Management LLC now owns 1,172 shares of the information services provider’s stock valued at $1,225,000 after purchasing an additional 9 shares during the last quarter. Capital Insight Partners LLC boosted its holdings in shares of Alphabet by 0.4% in the fourth quarter. Capital Insight Partners LLC now owns 2,554 shares of the information services provider’s stock valued at $2,669,000 after acquiring an additional 10 shares during the period. Clarkston Capital Partners LLC boosted its holdings in shares of Alphabet by 4.0% in the fourth quarter. Clarkston Capital Partners LLC now owns 260 shares of the information services provider’s stock valued at $272,000 after acquiring an additional 10 shares during the period. Community Bank & Trust Waco Texas boosted its holdings in shares of Alphabet by 0.8% in the fourth quarter. Community Bank & Trust Waco Texas now owns 1,286 shares of the information services provider’s stock valued at $1,344,000 after acquiring an additional 10 shares during the period. Finally, Shufro Rose & Co. LLC boosted its holdings in shares of Alphabet by 2.4% in the fourth quarter. Shufro Rose & Co. LLC now owns 434 shares of the information services provider’s stock valued at $454,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 33.46% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Morgan Stanley decreased their price objective on Alphabet from $1,500.00 to $1,425.00 and set an “overweight” rating for the company in a report on Tuesday, April 30th. They noted that the move was a valuation call. JMP Securities reaffirmed an “outperform” rating and set a $1,375.00 price target (up from $1,300.00) on shares of Alphabet in a report on Tuesday, April 30th. Stifel Nicolaus cut Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price objective for the company. in a research report on Tuesday, April 30th. Nomura cut their price objective on Alphabet from $1,310.00 to $1,300.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Finally, BMO Capital Markets increased their price objective on Alphabet from $1,100.00 to $1,200.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,322.62.

Shares of Alphabet stock traded up $17.20 during trading on Monday, hitting $1,100.00. The stock had a trading volume of 1,224,273 shares, compared to its average volume of 1,657,963. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.93 and a current ratio of 3.96. The stock has a market capitalization of $763.67 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 1.28 and a beta of 0.96. The firm’s fifty day simple moving average is $1,109.93. Alphabet Inc has a fifty-two week low of $977.66 and a fifty-two week high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, beating the consensus estimate of $10.56 by $1.34. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The firm had revenue of $29.48 billion for the quarter, compared to analyst estimates of $29.99 billion. During the same period in the previous year, the firm earned $13.33 earnings per share. On average, analysts predict that Alphabet Inc will post 48.44 earnings per share for the current year.

Alphabet 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.

Further Reading: Why investors pay attention to retained earnings

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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