Brookstone Capital Management Grows Holdings in Alphabet Inc (GOOGL)

Brookstone Capital Management grew its holdings in Alphabet Inc (NASDAQ:GOOGL) by 16.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 583 shares of the information services provider’s stock after purchasing an additional 83 shares during the quarter. Brookstone Capital Management’s holdings in Alphabet were worth $568,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new stake in shares of Alphabet during the 2nd quarter valued at approximately $102,000. Parkside Financial Bank & Trust increased its holdings in Alphabet by 39.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after purchasing an additional 36 shares during the last quarter. Odey Holdings AG increased its holdings in Alphabet by 18.2% in the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock valued at $121,000 after purchasing an additional 20 shares during the last quarter. Farmers National Bank increased its holdings in Alphabet by 2.7% in the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 4 shares during the last quarter. Finally, Lloyds Banking Group plc acquired a new stake in Alphabet in the 2nd quarter valued at approximately $133,000. 33.55% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Inc (NASDAQ:GOOGL) opened at $1,112.79 on Wednesday. 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 cap of $770,630.00, a price-to-earnings ratio of 37.07, a P/E/G ratio of 1.45 and a beta of 0.90. Alphabet Inc has a 12 month low of $812.05 and a 12 month high of $1,119.16.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping analysts’ consensus estimates of $8.43 by $1.14. The firm 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 previous year, the firm posted $9.06 earnings per share. analysts expect that Alphabet Inc will post 32.34 EPS for the current year.

Several analysts recently weighed in on GOOGL shares. CIBC reiterated an “outperform” rating and issued a $1,180.00 target price (up previously from $1,050.00) on shares of Alphabet in a report on Friday, October 27th. Pivotal Research reiterated a “hold” rating and issued a $970.00 target price on shares of Alphabet in a report on Friday, October 13th. Citigroup reiterated a “buy” rating and issued a $1,180.00 target price on shares of Alphabet in a report on Tuesday, October 24th. They noted that the move was a valuation call. Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 target price for the company. in a report on Friday, October 6th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Alphabet in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $1,098.50.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.com-unik.info/2018/01/10/brookstone-capital-management-grows-holdings-in-alphabet-inc-googl.html.

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.

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)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.

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