AGF Investments America Inc. Increases Position in Alphabet Inc (NASDAQ:GOOGL)

AGF Investments America Inc. boosted its holdings in Alphabet Inc (NASDAQ:GOOGL) by 1.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,595 shares of the information services provider’s stock after purchasing an additional 36 shares during the quarter. AGF Investments America Inc.’s holdings in Alphabet were worth $3,015,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOGL. Bank OZK grew its holdings in Alphabet by 2.7% in the fourth quarter. Bank OZK now owns 1,642 shares of the information services provider’s stock worth $2,199,000 after purchasing an additional 43 shares during the period. Candriam Luxembourg S.C.A. lifted its stake in shares of Alphabet by 23.8% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 159,195 shares of the information services provider’s stock worth $213,237,000 after buying an additional 30,567 shares in the last quarter. Tompkins Financial Corp lifted its stake in shares of Alphabet by 4.2% in the fourth quarter. Tompkins Financial Corp now owns 2,679 shares of the information services provider’s stock worth $3,589,000 after buying an additional 108 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Alphabet by 23.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 234 shares of the information services provider’s stock worth $313,000 after buying an additional 45 shares in the last quarter. Finally, Leavell Investment Management Inc. lifted its stake in shares of Alphabet by 34.1% in the fourth quarter. Leavell Investment Management Inc. now owns 1,850 shares of the information services provider’s stock worth $2,478,000 after buying an additional 470 shares in the last quarter. Institutional investors and hedge funds own 34.29% of the company’s stock.

Several research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $1,800.00 target price on shares of Alphabet in a research note on Thursday, March 5th. Pivotal Research dropped their target price on shares of Alphabet from $1,700.00 to $1,425.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Atlantic Securities reiterated a “buy” rating and issued a $1,500.00 target price on shares of Alphabet in a research note on Wednesday, April 29th. Independent Research upgraded shares of Alphabet to a “buy” rating and set a $1,520.00 target price on the stock in a research note on Friday, March 13th. Finally, Wedbush upped their target price on shares of Alphabet from $1,375.00 to $1,550.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $1,505.34.

Shares of NASDAQ GOOGL opened at $1,413.24 on Friday. The firm has a fifty day moving average price of $1,281.39 and a 200-day moving average price of $1,330.33. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 3.64. The stock has a market cap of $960.27 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. Alphabet Inc has a 1 year low of $1,008.87 and a 1 year high of $1,530.74.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, April 28th. The information services provider reported $9.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $11.16 by ($1.29). The firm had revenue of $33.71 billion during the quarter, compared to analysts’ expectations of $32.59 billion. Alphabet had a return on equity of 17.43% and a net margin of 20.71%. During the same period last year, the company earned $9.50 earnings per share. On average, research analysts expect that Alphabet Inc will post 41.47 EPS for the current 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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