Round Table Services LLC grew its stake in Alphabet Inc (NASDAQ:GOOGL) by 15.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 654 shares of the information services provider’s stock after buying an additional 88 shares during the quarter. Round Table Services LLC’s holdings in Alphabet were worth $637,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of GOOGL. Novare Capital Management LLC raised its holdings in Alphabet by 0.9% in the 2nd quarter. Novare Capital Management LLC now owns 8,590 shares of the information services provider’s stock worth $7,986,000 after purchasing an additional 80 shares during the period. Camelot Portfolios LLC acquired a new position in Alphabet in the 2nd quarter worth about $211,000. Country Trust Bank acquired a new position in Alphabet in the 2nd quarter worth about $44,071,000. Anchor Capital Advisors LLC raised its holdings in Alphabet by 3.0% in the 2nd quarter. Anchor Capital Advisors LLC now owns 378 shares of the information services provider’s stock worth $351,000 after purchasing an additional 11 shares during the period. Finally, Alley Co LLC raised its holdings in Alphabet by 7.5% in the 1st quarter. Alley Co LLC now owns 3,094 shares of the information services provider’s stock worth $2,623,000 after purchasing an additional 216 shares during the period. 33.53% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on the company. Vetr upgraded Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 price objective for the company in a research note on Monday, November 6th. Pivotal Research reiterated a “hold” rating and set a $990.00 price objective on shares of Alphabet in a research note on Sunday, October 29th. Stifel Nicolaus boosted their price objective on Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Citigroup reiterated a “buy” rating on shares of Alphabet in a research note on Monday, October 30th. Finally, Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,157.00 price objective for the company in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $1,089.17.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion during the quarter, compared to analyst estimates of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period in the prior year, the business posted $9.06 earnings per share. analysts anticipate that Alphabet Inc will post 32.34 EPS for the current fiscal year.
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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