Brighton Jones LLC Acquires New Holdings in Alphabet Inc (GOOGL)

Brighton Jones LLC acquired a new stake in shares of Alphabet Inc (NASDAQ:GOOGL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,612 shares of the information services provider’s stock, valued at approximately $1,498,000.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in Alphabet in the 2nd quarter worth $102,000. Franklin Parlapiano Turner & Welch LLC purchased a new position in Alphabet in the 1st quarter worth $108,000. Parkside Financial Bank & Trust raised its stake in Alphabet by 39.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after acquiring an additional 36 shares during the last quarter. Farmers National Bank raised its stake in Alphabet by 2.7% in the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after acquiring an additional 4 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its stake in Alphabet by 58.3% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock worth $129,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 33.62% of the company’s stock.

Shares of Alphabet Inc (NASDAQ GOOGL) opened at $1,011.87 on Tuesday. Alphabet Inc has a 12-month low of $766.97 and a 12-month high of $1,080.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The company has a market capitalization of $697,910.00, a PE ratio of 34.32, a PEG ratio of 1.72 and a beta of 0.90.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Zacks’ consensus estimate of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. During the same period last year, the firm earned $9.06 EPS. analysts predict that Alphabet Inc will post 32.34 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on GOOGL shares. Goldman Sachs Group raised their target price on Alphabet from $1,125.00 to $1,175.00 in a research note on Friday, October 27th. MKM Partners restated a “buy” rating and issued a $1,210.00 target price (up previously from $1,170.00) on shares of Alphabet in a research note on Thursday, August 10th. SunTrust Banks started coverage on Alphabet in a research note on Tuesday, August 15th. They issued a “buy” rating and a $1,100.00 target price for the company. Robert W. Baird restated a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Monday, September 11th. Finally, UBS restated a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a research note on Friday, September 8th. One investment 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 an average rating of “Buy” and a consensus price target of $1,089.17.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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