283 Shares in Alphabet Inc (GOOGL) Acquired by Sunbelt Securities Inc.

Sunbelt Securities Inc. acquired a new position in Alphabet Inc (NASDAQ:GOOGL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 283 shares of the information services provider’s stock, valued at approximately $224,000.

A number of other institutional investors have also modified their holdings of GOOGL. CIBC World Markets Inc. increased its stake in Alphabet by 33.9% in the third quarter. CIBC World Markets Inc. now owns 43,753 shares of the information services provider’s stock worth $35,180,000 after buying an additional 11,065 shares during the period. Nwam LLC increased its stake in shares of Alphabet by 6.5% in the third quarter. Nwam LLC now owns 1,710 shares of the information services provider’s stock worth $1,375,000 after buying an additional 104 shares during the period. Nationwide Fund Advisors increased its stake in shares of Alphabet by 1.4% in the third quarter. Nationwide Fund Advisors now owns 293,906 shares of the information services provider’s stock worth $236,318,000 after buying an additional 3,966 shares during the period. Koch Industries Inc. bought a new stake in shares of Alphabet during the fourth quarter worth approximately $227,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Alphabet by 3.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 45,445 shares of the information services provider’s stock worth $36,541,000 after buying an additional 1,562 shares during the period. 34.98% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Shares of Alphabet Inc (NASDAQ:GOOGL) traded down 0.13% during mid-day trading on Friday, hitting $858.95. 1,159,151 shares of the company were exchanged. Alphabet Inc has a 12-month low of $672.66 and a 12-month high of $874.42. The company’s 50-day moving average price is $851.85 and its 200-day moving average price is $822.85. The firm has a market capitalization of $593.90 billion, a P/E ratio of 30.81 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, January 26th. The information services provider reported $9.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $7.65 by $1.71. The firm had revenue of $21.22 billion for the quarter, compared to the consensus estimate of $20.58 billion. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. During the same period in the prior year, the firm earned $8.67 EPS. Equities research analysts predict that Alphabet Inc will post $33.33 earnings per share for the current fiscal year.

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GOOGL has been the subject of a number of recent research reports. Jefferies Group LLC reiterated a “buy” rating and set a $1,000.00 price objective on shares of Alphabet in a research report on Friday, December 23rd. Goldman Sachs Group Inc reiterated a “buy” rating and set a $970.00 price objective on shares of Alphabet in a research report on Thursday, December 29th. Canaccord Genuity reiterated a “buy” rating and set a $925.00 price objective on shares of Alphabet in a research report on Tuesday, January 3rd. Vetr raised shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $910.78 target price on the stock in a research note on Wednesday, January 4th. Finally, Cowen and Company boosted their target price on shares of Alphabet from $1,000.00 to $1,050.00 and gave the company an “outperform” rating in a research note on Tuesday, January 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, forty have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $964.41.

About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

5 Day Chart for NASDAQ:GOOGL

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