Advisor Partners LLC Purchases 62 Shares of Alphabet Inc. (GOOGL)

Advisor Partners LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,512 shares of the information services provider’s stock after purchasing an additional 62 shares during the period. Alphabet accounts for approximately 1.0% of Advisor Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Advisor Partners LLC’s holdings in Alphabet were worth $4,195,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pure Financial Advisors Inc. boosted its holdings in shares of Alphabet by 0.4% in the 2nd quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock valued at $258,000 after purchasing an additional 1 shares in the last quarter. Delta Asset Management LLC TN boosted its holdings in shares of Alphabet by 1.5% in the 1st quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after purchasing an additional 2 shares in the last quarter. Baystate Wealth Management LLC boosted its holdings in shares of Alphabet by 0.7% in the 2nd quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock valued at $288,000 after purchasing an additional 2 shares in the last quarter. First Bank & Trust boosted its holdings in shares of Alphabet by 0.3% in the 2nd quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock valued at $710,000 after purchasing an additional 2 shares in the last quarter. Finally, RB Capital Management LLC boosted its holdings in shares of Alphabet by 0.4% in the 2nd quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock valued at $654,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 33.87% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://www.com-unik.info/2017/10/30/advisor-partners-llc-purchases-62-shares-of-alphabet-inc-googl.html.

A number of equities research analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Sunday, July 30th. MKM Partners reaffirmed a “buy” rating and issued a $1,210.00 target price (up previously from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. Cowen and Company reaffirmed an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a report on Thursday, August 10th. Pivotal Research reiterated a “hold” rating and issued a $990.00 price target on shares of Alphabet in a research note on Sunday. Finally, Stifel Nicolaus increased their price target on Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $1,083.05.

Alphabet Inc. (NASDAQ:GOOGL) opened at 1033.67 on Monday. The company has a market capitalization of $716.21 billion, a P/E ratio of 37.46 and a beta of 0.96. The company has a 50-day moving average of $973.54 and a 200-day moving average of $953.74. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,063.62.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same period in the previous year, the company earned $9.06 EPS. Equities analysts expect that Alphabet Inc. will post $30.63 EPS for the current fiscal year.

Alphabet Company Profile

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

What are top analysts saying about Alphabet Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alphabet Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit