Davidson Investment Advisors Has $7.91 Million Holdings in Alphabet Inc (GOOGL)

Davidson Investment Advisors raised its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 24.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,123 shares of the information services provider’s stock after purchasing an additional 1,570 shares during the quarter. Davidson Investment Advisors’ holdings in Alphabet were worth $7,909,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Koch Industries Inc. raised its holdings in Alphabet by 181,219.4% in the 2nd quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock worth $1,085,000 after purchasing an additional 1,085,504 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in shares of Alphabet by 65,026.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock worth $800,000 after acquiring an additional 742,602 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Alphabet by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after acquiring an additional 662,279 shares in the last quarter. BlackRock Inc. increased its stake in shares of Alphabet by 3.1% in the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after acquiring an additional 567,337 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Alphabet by 2.1% in the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after acquiring an additional 367,634 shares in the last quarter. 33.61% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently issued reports on GOOGL shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $1,100.00 price target on shares of Alphabet in a research note on Tuesday, October 24th. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,199.00 price target for the company in a research note on Tuesday, December 26th. SunTrust Banks decreased their price target on shares of Alphabet from $1,250.00 to $1,180.00 in a research note on Monday, January 15th. Cowen increased their price target on shares of Alphabet from $1,150.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. Finally, Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,055.90 price target for the company in a research note on Monday, December 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $1,157.02.

Shares of Alphabet Inc (NASDAQ GOOGL) opened at $1,084.43 on Wednesday. Alphabet Inc has a one year low of $823.29 and a one year high of $1,198.00. The company has a market cap of $738,149.69, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 1.09 and a beta of 0.94. The company has a current ratio of 5.14, a quick ratio of 5.11 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing analysts’ consensus estimates of $10.12 by ($0.42). Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The firm had revenue of $25.87 billion for the quarter, compared to the consensus estimate of $25.65 billion. equities analysts forecast that Alphabet Inc will post 42.68 earnings per share for the current year.

Alphabet announced that its board has approved a share repurchase program on Thursday, February 1st that permits the company to buyback $8.59 billion in outstanding shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.com-unik.info/2018/02/07/davidson-investment-advisors-has-7-91-million-holdings-in-alphabet-inc-googl.html.

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)

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