Garrison Bradford & Associates Inc. increased its holdings in Alphabet Inc (NASDAQ:GOOGL) by 69.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 415 shares of the information services provider’s stock after buying an additional 170 shares during the period. Garrison Bradford & Associates Inc.’s holdings in Alphabet were worth $404,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Odey Holdings AG lifted its holdings in Alphabet by 18.2% in the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock valued at $121,000 after purchasing an additional 20 shares in the last quarter. Stelac Advisory Services LLC purchased a new position in Alphabet in the 3rd quarter valued at about $126,000. Lloyds Banking Group plc purchased a new position in Alphabet in the 2nd quarter valued at about $133,000. Farmers National Bank increased its stake in shares of Alphabet by 3.3% during the 2nd quarter. Farmers National Bank now owns 155 shares of the information services provider’s stock valued at $144,000 after acquiring an additional 5 shares during the last quarter. Finally, Hudock Capital Group LLC increased its stake in shares of Alphabet by 11.7% during the 2nd quarter. Hudock Capital Group LLC now owns 162 shares of the information services provider’s stock valued at $150,000 after acquiring an additional 17 shares during the last quarter. Institutional investors and hedge funds own 33.60% of the company’s stock.

Shares of Alphabet Inc (GOOGL) opened at $1,046.27 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11. Alphabet Inc has a 1 year low of $824.30 and a 1 year high of $1,198.00. The stock has a market cap of $726,930.63, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 1.08 and a beta of 0.94.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $10.12 by ($0.42). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The firm had revenue of $25.87 billion during the quarter, compared to analyst estimates of $25.65 billion. equities research analysts forecast that Alphabet Inc will post 42.51 EPS for the current fiscal year.

Alphabet announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 1st that permits the company to repurchase $8.59 billion in shares. This repurchase authorization permits the information services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

A number of research analysts have recently commented on GOOGL shares. Goldman Sachs Group upped their price objective on shares of Alphabet from $1,125.00 to $1,175.00 in a research note on Friday, October 27th. SunTrust Banks dropped their price objective on shares of Alphabet from $1,250.00 to $1,180.00 in a research note on Monday, January 15th. Argus upped their price objective on shares of Alphabet to $1,300.00 in a research note on Monday, February 5th. Barclays reaffirmed a “buy” rating and set a $1,260.00 price objective on shares of Alphabet in a research note on Friday, October 27th. Finally, B. Riley reaffirmed a “buy” rating and set a $1,200.00 price objective (up previously from $1,050.00) on shares of Alphabet in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $1,157.02.

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Alphabet 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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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