Arlington Partners LLC acquired a new position in Alphabet Inc (NASDAQ:GOOGL) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 807 shares of the information services provider’s stock, valued at approximately $974,000. Alphabet accounts for about 0.7% of Arlington Partners LLC’s holdings, making the stock its 29th biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parkside Investments LLC purchased a new position in Alphabet during the third quarter valued at approximately $124,000. ELM Advisors LLC purchased a new position in Alphabet in the third quarter worth $128,000. Emerald Investment Partners LLC purchased a new position in Alphabet in the second quarter worth $137,000. Quad Cities Investment Group LLC purchased a new position in Alphabet in the second quarter worth $179,000. Finally, Marino Stram & Associates LLC grew its holdings in Alphabet by 47.7% in the second quarter. Marino Stram & Associates LLC now owns 161 shares of the information services provider’s stock worth $182,000 after purchasing an additional 52 shares during the last quarter. 33.32% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the stock. Monness Crespi & Hardt lowered their price objective on shares of Alphabet from $1,415.00 to $1,315.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Zacks Investment Research downgraded shares of Alphabet from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Guggenheim assumed coverage on shares of Alphabet in a research note on Thursday, December 6th. They set a “buy” rating and a $1,330.00 price objective for the company. Canaccord Genuity upgraded shares of Alphabet from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $1,140.00 to $1,250.00 in a research note on Thursday, January 3rd. Finally, ValuEngine upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, December 1st. Three investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,344.59.

Shares of Alphabet stock opened at $1,064.47 on Friday. The stock has a market capitalization of $752.70 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 1.26 and a beta of 1.00. Alphabet Inc has a fifty-two week low of $977.66 and a fifty-two week high of $1,291.44. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, topping analysts’ consensus estimates of $10.54 by $2.52. The business had revenue of $27.16 billion during the quarter, compared to the consensus estimate of $27.32 billion. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. On average, sell-side analysts predict that Alphabet Inc will post 45.32 earnings per share for the current year.

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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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