America First Investment Advisors LLC boosted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,149 shares of the information services provider’s stock after purchasing an additional 79 shares during the quarter. Alphabet accounts for approximately 4.8% of America First Investment Advisors LLC’s holdings, making the stock its 11th biggest position. America First Investment Advisors LLC’s holdings in Alphabet were worth $16,056,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Litman Gregory Asset Management LLC bought a new stake in Alphabet in the 2nd quarter valued at $37,000. Garrett Wealth Advisory Group LLC bought a new stake in shares of Alphabet in the 3rd quarter worth about $39,000. Lipe & Dalton bought a new stake in shares of Alphabet in the 2nd quarter worth about $49,000. Johnson Financial Group Inc. grew its holdings in shares of Alphabet by 26.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 48 shares of the information services provider’s stock worth $52,000 after purchasing an additional 10 shares during the last quarter. Finally, Vista Private Wealth Partners. LLC bought a new stake in shares of Alphabet in the 3rd quarter worth about $60,000. Hedge funds and other institutional investors own 33.56% of the company’s stock.
Alphabet stock opened at $1,309.00 on Friday. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 1 year low of $977.66 and a 1 year high of $1,322.65. The company has a market cap of $895.48 billion, a PE ratio of 27.55, a PEG ratio of 1.58 and a beta of 1.01. The company’s 50-day moving average is $1,241.32 and its two-hundred day moving average is $1,181.32.
Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.42 by ($2.30). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The business had revenue of $33.01 billion for the quarter, compared to analyst estimates of $32.84 billion. During the same quarter in the previous year, the company posted $13.06 earnings per share. Research analysts forecast that Alphabet Inc will post 49.05 EPS for the current year.
Several equities research analysts have recently weighed in on the stock. FBN Securities set a $1,400.00 target price on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, July 26th. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,322.00 target price on the stock in a report on Friday, October 25th. Macquarie set a $1,300.00 target price on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, July 26th. Canaccord Genuity upped their target price on shares of Alphabet from $1,350.00 to $1,450.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Bank of America reaffirmed a “buy” rating and issued a $1,450.00 target price on shares of Alphabet in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $1,406.25.
Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.
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