Tfo Tdc LLC Takes Position in Alphabet Inc (NASDAQ:GOOGL)

Tfo Tdc LLC acquired a new position in Alphabet Inc (NASDAQ:GOOGL) during the 4th quarter, HoldingsChannel reports. The fund acquired 24 shares of the information services provider’s stock, valued at approximately $32,000.

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in Alphabet by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,674,322 shares of the information services provider’s stock valued at $3,265,722,000 after buying an additional 31,372 shares during the period. Johanson Financial Advisors Inc. lifted its holdings in Alphabet by 129,857.5% in the fourth quarter. Johanson Financial Advisors Inc. now owns 2,622,543 shares of the information services provider’s stock valued at $1,958,000 after buying an additional 2,620,525 shares during the period. Fisher Asset Management LLC lifted its holdings in Alphabet by 3.2% in the third quarter. Fisher Asset Management LLC now owns 1,469,383 shares of the information services provider’s stock valued at $1,794,323,000 after buying an additional 45,282 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Alphabet by 2.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,192,520 shares of the information services provider’s stock valued at $1,456,234,000 after buying an additional 27,942 shares during the period. Finally, Veritas Asset Management LLP lifted its holdings in Alphabet by 4.4% in the third quarter. Veritas Asset Management LLP now owns 1,073,876 shares of the information services provider’s stock valued at $1,311,353,000 after buying an additional 44,900 shares during the period. 33.91% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on GOOGL. Raymond James restated an “outperform” rating on shares of Alphabet in a report on Wednesday, October 30th. BMO Capital Markets set a $1,245.00 target price on shares of Alphabet and gave the company a “hold” rating in a report on Friday, October 25th. UBS Group boosted their target price on shares of Alphabet from $1,460.00 to $1,675.00 and gave the company a “buy” rating in a report on Friday, January 17th. KeyCorp boosted their target price on shares of Alphabet from $1,546.00 to $1,769.00 and gave the company an “overweight” rating in a report on Friday. Finally, Cleveland Research began coverage on shares of Alphabet in a report on Friday, December 20th. They issued a “neutral” rating and a $1,423.00 target price on the stock. Six research analysts have rated the stock with a hold rating and forty have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $1,470.49.

GOOGL opened at $1,466.17 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75. Alphabet Inc has a fifty-two week low of $1,027.03 and a fifty-two week high of $1,500.58. The firm has a market capitalization of $1,011.20 billion, a PE ratio of 31.46, a P/E/G ratio of 1.60 and a beta of 1.01. The company’s 50-day moving average is $1,387.05 and its 200 day moving average is $1,264.90.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) 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 the consensus estimate of $32.84 billion. During the same period in the previous year, the company posted $13.06 earnings per share. As a group, analysts expect that Alphabet Inc will post 49.03 EPS 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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