Artemis Investment Management LLP lifted its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,010 shares of the information services provider’s stock after acquiring an additional 960 shares during the period. Artemis Investment Management LLP’s holdings in Alphabet were worth $34,793,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GOOGL. Corbenic Partners LLC purchased a new stake in Alphabet in the fourth quarter worth approximately $113,000. First Command Financial Services Inc. grew its position in Alphabet by 4.9% in the 4th quarter. First Command Financial Services Inc. now owns 514 shares of the information services provider’s stock worth $688,000 after purchasing an additional 24 shares during the period. Donaldson Capital Management LLC grew its position in Alphabet by 36.6% in the 4th quarter. Donaldson Capital Management LLC now owns 746 shares of the information services provider’s stock worth $1,000,000 after purchasing an additional 200 shares during the period. Atlas Brown Inc. raised its stake in Alphabet by 2.6% during the 4th quarter. Atlas Brown Inc. now owns 402 shares of the information services provider’s stock valued at $538,000 after buying an additional 10 shares during the last quarter. Finally, Johanson Financial Advisors Inc. raised its stake in Alphabet by 129,857.5% during the 4th quarter. Johanson Financial Advisors Inc. now owns 2,622,543 shares of the information services provider’s stock valued at $1,958,000 after buying an additional 2,620,525 shares during the last quarter. Institutional investors own 33.55% of the company’s stock.

Shares of NASDAQ GOOGL traded down $2.71 during midday trading on Tuesday, reaching $1,437.32. The stock had a trading volume of 54,866 shares, compared to its average volume of 1,279,470. The stock has a 50-day moving average of $1,351.51 and a 200-day moving average of $1,244.69. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78. The company has a market capitalization of $992.86 billion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 1.56 and a beta of 1.01. Alphabet Inc has a 12-month low of $1,027.03 and a 12-month high of $1,441.48.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing analysts’ consensus estimates of $12.42 by ($2.30). The firm had revenue of $33.01 billion for the quarter, compared to analysts’ expectations of $32.84 billion. Alphabet had a net margin of 21.04% and a return on equity of 18.34%. During the same quarter last year, the firm posted $13.06 EPS. As a group, analysts forecast that Alphabet Inc will post 49.03 EPS for the current fiscal year.

GOOGL has been the topic of several research analyst reports. Pivotal Research restated a “buy” rating and issued a $1,650.00 price target on shares of Alphabet in a research note on Monday, January 6th. Raymond James reaffirmed an “outperform” rating on shares of Alphabet in a report on Wednesday, October 30th. Monness Crespi & Hardt set a $1,360.00 price objective on Alphabet and gave the company a “buy” rating in a research report on Monday, October 21st. Sanford C. Bernstein initiated coverage on Alphabet in a report on Friday. They issued an “outperform” rating and a $1,600.00 target price on the stock. Finally, Bank of America reissued a “buy” rating and issued a $1,450.00 target price on shares of Alphabet in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and forty have issued a buy rating to the company. Alphabet currently has an average rating of “Buy” and an average target price of $1,438.05.

About Alphabet

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.

Further Reading: Why do earnings reports matter?

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOGL).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.