Alphabet Inc (GOOGL) is Private Capital Management Inc.’s 8th Largest Position

Private Capital Management Inc. raised its stake in Alphabet Inc (NASDAQ:GOOGL) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,370 shares of the information services provider’s stock after purchasing an additional 95 shares during the period. Alphabet accounts for approximately 1.5% of Private Capital Management Inc.’s investment portfolio, making the stock its 8th biggest position. Private Capital Management Inc.’s holdings in Alphabet were worth $1,334,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in shares of Alphabet in the second quarter valued at about $102,000. Parkside Financial Bank & Trust boosted its position in shares of Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after acquiring an additional 36 shares during the period. Odey Holdings AG boosted its position in shares of Alphabet by 18.2% in the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock valued at $121,000 after acquiring an additional 20 shares during the period. Lloyds Banking Group plc bought a new stake in shares of Alphabet in the second quarter valued at about $133,000. Finally, Farmers National Bank boosted its position in shares of Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after acquiring an additional 4 shares during the period. Hedge funds and other institutional investors own 33.55% of the company’s stock.

A number of brokerages have recently issued reports on GOOGL. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,120.76 target price for the company in a research report on Tuesday, December 26th. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,199.00 target price for the company in a research report on Tuesday, December 26th. Evercore ISI began coverage on shares of Alphabet in a research report on Tuesday, December 5th. They issued an “outperform” rating for the company. Citigroup reissued a “buy” rating on shares of Alphabet in a research report on Monday, October 30th. Finally, Stifel Nicolaus boosted their target price on shares of Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1,091.54.

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at $1,053.40 on Friday. The firm has a market cap of $731,903.44, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet Inc has a 52-week low of $789.62 and a 52-week high of $1,086.49.

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

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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