Brasada Capital Management LP Has $9.61 Million Holdings in Alphabet Inc (NASDAQ:GOOGL)

Brasada Capital Management LP lifted its stake in Alphabet Inc (NASDAQ:GOOGL) by 7.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,873 shares of the information services provider’s stock after buying an additional 521 shares during the period. Alphabet makes up approximately 2.6% of Brasada Capital Management LP’s investment portfolio, making the stock its 10th biggest position. Brasada Capital Management LP’s holdings in Alphabet were worth $9,614,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Lodestar Investment Counsel LLC IL lifted its stake in shares of Alphabet by 0.8% in the 2nd quarter. Lodestar Investment Counsel LLC IL now owns 4,547 shares of the information services provider’s stock valued at $4,923,000 after acquiring an additional 34 shares during the last quarter. Essex Financial Services Inc. lifted its stake in shares of Alphabet by 4.1% in the 2nd quarter. Essex Financial Services Inc. now owns 4,106 shares of the information services provider’s stock valued at $4,446,000 after acquiring an additional 160 shares during the last quarter. Pacific Wealth Strategies Group Inc. lifted its stake in shares of Alphabet by 2.7% in the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 3,283 shares of the information services provider’s stock valued at $4,009,000 after acquiring an additional 87 shares during the last quarter. LS Investment Advisors LLC lifted its stake in shares of Alphabet by 1.3% in the 3rd quarter. LS Investment Advisors LLC now owns 11,835 shares of the information services provider’s stock valued at $14,452,000 after acquiring an additional 151 shares during the last quarter. Finally, Carlson Capital L P lifted its stake in shares of Alphabet by 19.2% in the 2nd quarter. Carlson Capital L P now owns 24,425 shares of the information services provider’s stock valued at $26,447,000 after acquiring an additional 3,935 shares during the last quarter. Institutional investors and hedge funds own 33.56% of the company’s stock.

Shares of 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. The business has a 50-day moving average price of $1,241.32 and a two-hundred day moving average price of $1,181.32. 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 P/E ratio of 27.55, a PEG ratio of 1.58 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $12.42 by ($2.30). Alphabet had a return on equity of 18.34% and a net margin of 21.04%. 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 business posted $13.06 earnings per share. Equities research analysts forecast that Alphabet Inc will post 49.05 EPS for the current fiscal year.

A number of research analysts have recently commented on GOOGL shares. FBN Securities set a $1,400.00 price target on Alphabet and gave the company a “buy” rating in a research note on Friday, July 26th. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, July 13th. Monness Crespi & Hardt set a $1,360.00 price target on Alphabet and gave the company a “buy” rating in a research note on Monday, October 21st. Citigroup reiterated a “buy” rating and issued a $1,450.00 price target (up from $1,325.00) on shares of Alphabet in a research note on Friday, July 26th. Finally, BMO Capital Markets increased their price target on Alphabet from $1,245.00 to $1,250.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Seven analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,406.25.

Alphabet Company Profile

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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