Alphabet Inc (NASDAQ:GOOGL) Shares Purchased by D L Carlson Investment Group Inc.

Share on StockTwits

D L Carlson Investment Group Inc. boosted its holdings in Alphabet Inc (NASDAQ:GOOGL) by 18.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,503 shares of the information services provider’s stock after purchasing an additional 859 shares during the quarter. Alphabet makes up 2.1% of D L Carlson Investment Group Inc.’s portfolio, making the stock its 7th biggest holding. D L Carlson Investment Group Inc.’s holdings in Alphabet were worth $6,720,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GOOGL. DAGCO Inc. increased its stake in Alphabet by 0.6% during the third quarter. DAGCO Inc. now owns 1,282 shares of the information services provider’s stock worth $1,565,000 after acquiring an additional 8 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Alphabet by 7.8% in the second quarter. Creative Financial Designs Inc. ADV now owns 125 shares of the information services provider’s stock valued at $140,000 after buying an additional 9 shares in the last quarter. Copperwynd Financial LLC grew its stake in shares of Alphabet by 2.1% in the second quarter. Copperwynd Financial LLC now owns 448 shares of the information services provider’s stock valued at $485,000 after buying an additional 9 shares in the last quarter. Pensionmark Financial Group LLC grew its stake in shares of Alphabet by 4.5% in the second quarter. Pensionmark Financial Group LLC now owns 210 shares of the information services provider’s stock valued at $251,000 after buying an additional 9 shares in the last quarter. Finally, Cypress Capital Group grew its stake in shares of Alphabet by 1.0% in the third quarter. Cypress Capital Group now owns 874 shares of the information services provider’s stock valued at $1,067,000 after buying an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 33.56% of the company’s stock.

A number of research firms have recently issued reports on GOOGL. KeyCorp increased their target price on Alphabet from $1,516.00 to $1,546.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. FBN Securities set a $1,400.00 target price on Alphabet and gave the company a “buy” rating in a research note on Friday, July 26th. MKM Partners reiterated a “buy” rating and issued a $1,450.00 target price on shares of Alphabet in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on Alphabet from $1,310.00 to $1,420.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Finally, Bank of America reissued a “buy” rating and issued a $1,450.00 price target on shares of Alphabet in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,406.25.

Shares of NASDAQ GOOGL opened at $1,309.00 on Friday. Alphabet Inc has a 12-month low of $977.66 and a 12-month high of $1,322.65. The company has a market cap of $895.48 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01. The stock’s 50 day simple moving average is $1,241.32 and its 200 day simple moving average is $1,181.32. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.42 by ($2.30). The firm had revenue of $33.01 billion for the quarter, compared to analyst estimates 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 business posted $13.06 earnings per share. As a group, equities analysts forecast that Alphabet Inc will post 49.05 earnings per share for the current fiscal year.

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.

Featured Article: Economic Reports

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.