Price Wealth LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 303.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250 shares of the information services provider’s stock after buying an additional 188 shares during the period. Price Wealth LLC’s holdings in Alphabet were worth $366,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Alphabet by 2.2% during the second quarter. BlackRock Inc. now owns 20,565,856 shares of the information services provider’s stock valued at $29,163,413,000 after purchasing an additional 445,690 shares in the last quarter. State Street Corp boosted its position in Alphabet by 0.4% during the 1st quarter. State Street Corp now owns 11,689,009 shares of the information services provider’s stock worth $13,582,044,000 after buying an additional 45,599 shares during the period. Bank of New York Mellon Corp increased its position in Alphabet by 14.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,509,469 shares of the information services provider’s stock valued at $4,976,599,000 after acquiring an additional 439,638 shares during the period. Morgan Stanley increased its position in Alphabet by 4.6% in the 1st quarter. Morgan Stanley now owns 2,573,124 shares of the information services provider’s stock valued at $2,989,841,000 after acquiring an additional 114,032 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Alphabet by 2.5% during the second quarter. Fisher Asset Management LLC now owns 1,532,140 shares of the information services provider’s stock valued at $2,172,652,000 after acquiring an additional 37,689 shares during the last quarter. Institutional investors and hedge funds own 33.78% of the company’s stock.

GOOGL stock traded up $26.32 during mid-day trading on Friday, hitting $1,632.98. 1,527,402 shares of the stock were exchanged, compared to its average volume of 2,089,133. The business has a fifty day moving average price of $1,508.29 and a 200 day moving average price of $1,448.76. Alphabet Inc. has a 12 month low of $1,008.87 and a 12 month high of $1,726.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.41 and a quick ratio of 3.40. The stock has a market capitalization of $1,110.69 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 2.09 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, July 30th. The information services provider reported $10.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.43 by $1.70. Alphabet had a return on equity of 15.62% and a net margin of 18.99%. The company had revenue of $31.60 billion during the quarter, compared to the consensus estimate of $30.58 billion. As a group, equities analysts forecast that Alphabet Inc. will post 44.93 EPS for the current fiscal year.

A number of research firms recently weighed in on GOOGL. Needham & Company LLC restated a “buy” rating and issued a $1,800.00 price objective on shares of Alphabet in a report on Friday, July 31st. Pivotal Research raised their price objective on Alphabet from $1,575.00 to $1,725.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. 140166 upped their target price on Alphabet from $1,550.00 to $1,850.00 and gave the company a “positive” rating in a report on Friday, July 31st. JMP Securities raised their price target on shares of Alphabet from $1,500.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, Tigress Financial restated a “buy” rating on shares of Alphabet in a research report on Tuesday, August 25th. Three equities research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $1,686.58.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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