Sawyer & Company Inc purchased a new position in shares of Alphabet Inc (NASDAQ:GOOGL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,302 shares of the information services provider’s stock, valued at approximately $1,372,000.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Alphabet by 3.3% in the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after acquiring an additional 662,279 shares in the last quarter. BlackRock Inc. raised its stake in shares of Alphabet by 3.1% in the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after acquiring an additional 567,337 shares in the last quarter. FMR LLC raised its stake in shares of Alphabet by 2.1% in the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock valued at $16,406,366,000 after acquiring an additional 367,634 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Alphabet by 2.4% in the second quarter. Capital Research Global Investors now owns 4,308,195 shares of the information services provider’s stock valued at $4,005,243,000 after acquiring an additional 102,133 shares in the last quarter. Finally, Capital World Investors raised its stake in shares of Alphabet by 7.8% in the second quarter. Capital World Investors now owns 3,879,982 shares of the information services provider’s stock valued at $3,607,142,000 after acquiring an additional 280,710 shares in the last quarter. Institutional investors own 34.38% of the company’s stock.
Alphabet Inc (NASDAQ:GOOGL) opened at $1,165.93 on Tuesday. The stock has a market capitalization of $806,531.88, a PE ratio of 64.92, a price-to-earnings-growth ratio of 1.20 and a beta of 0.99. Alphabet Inc has a twelve month low of $824.30 and a twelve month high of $1,198.00. 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 declared that its board has initiated a share buyback program on Thursday, February 1st that authorizes the company to buyback $8.59 billion in outstanding shares. This buyback authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
GOOGL has been the topic of several analyst reports. Cowen increased their price objective on Alphabet from $1,150.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Bank of America reiterated a “buy” rating and issued a $1,360.00 price objective (up from $1,340.00) on shares of Alphabet in a research note on Friday, February 2nd. SunTrust Banks dropped their target price on Alphabet from $1,250.00 to $1,180.00 in a report on Monday, January 15th. Morgan Stanley reissued an “overweight” rating and issued a $1,215.00 target price (up previously from $1,210.00) on shares of Alphabet in a report on Friday, January 26th. Finally, Zacks Investment Research lowered Alphabet from a “buy” rating to a “hold” rating in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $1,167.67.
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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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