Johanson Financial Advisors Inc. lifted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 129,857.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,622,543 shares of the information services provider’s stock after purchasing an additional 2,620,525 shares during the period. Johanson Financial Advisors Inc. owned 0.38% of Alphabet worth $1,958,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of GOOGL. Beirne Wealth Consulting Services LLC raised its stake in shares of Alphabet by 30.5% during the 4th quarter. Beirne Wealth Consulting Services LLC now owns 248 shares of the information services provider’s stock valued at $332,000 after purchasing an additional 58 shares during the period. Sky Investment Group LLC boosted its holdings in shares of Alphabet by 9.3% in the 4th quarter. Sky Investment Group LLC now owns 2,189 shares of the information services provider’s stock worth $2,932,000 after purchasing an additional 186 shares in the last quarter. Sawyer & Company Inc increased its position in shares of Alphabet by 2.5% during the 4th quarter. Sawyer & Company Inc now owns 1,251 shares of the information services provider’s stock valued at $1,676,000 after purchasing an additional 31 shares during the last quarter. First Hawaiian Bank increased its position in shares of Alphabet by 4.1% during the 4th quarter. First Hawaiian Bank now owns 6,827 shares of the information services provider’s stock valued at $9,144,000 after purchasing an additional 272 shares during the last quarter. Finally, Appleton Partners Inc. MA raised its holdings in shares of Alphabet by 23.4% during the 4th quarter. Appleton Partners Inc. MA now owns 5,109 shares of the information services provider’s stock valued at $6,843,000 after buying an additional 969 shares in the last quarter. Institutional investors own 33.55% of the company’s stock.
Shares of NASDAQ:GOOGL opened at $1,430.59 on Wednesday. Alphabet Inc has a 1 year low of $1,027.03 and a 1 year high of $1,442.63. The company has a market cap of $989.79 billion, a PE ratio of 30.11, a P/E/G ratio of 1.56 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75. The stock’s 50-day moving average is $1,354.07 and its 200 day moving average is $1,246.47.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing the consensus estimate of $12.42 by ($2.30). The business had revenue of $33.01 billion during the quarter, compared to analysts’ expectations of $32.84 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. During the same quarter last year, the business posted $13.06 EPS. Analysts expect that Alphabet Inc will post 49.03 EPS for the current fiscal year.
Several analysts have issued reports on the company. Cleveland Research assumed coverage on Alphabet in a research note on Friday, December 20th. They issued a “neutral” rating and a $1,423.00 target price for the company. Pivotal Research reiterated a “buy” rating and set a $1,650.00 price target on shares of Alphabet in a research report on Monday, January 6th. Barclays reissued a “buy” rating and set a $1,400.00 price target on shares of Alphabet in a research note on Tuesday, October 29th. Robert W. Baird restated a “buy” rating and issued a $1,400.00 price objective on shares of Alphabet in a report on Thursday, December 19th. Finally, Bernstein Bank assumed coverage on shares of Alphabet in a research note on Friday, January 10th. They issued an “outperform” rating and a $1,600.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and thirty-nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,438.05.
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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