Alphabet Inc (NASDAQ:GOOGL) is Cullinan Associates Inc.’s 8th Largest Position

Share on StockTwits

Cullinan Associates Inc. boosted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 3.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 16,234 shares of the information services provider’s stock after acquiring an additional 574 shares during the period. Alphabet accounts for 1.5% of Cullinan Associates Inc.’s holdings, making the stock its 8th biggest position. Cullinan Associates Inc.’s holdings in Alphabet were worth $21,744,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. IMS Capital Management lifted its holdings in shares of Alphabet by 3.9% during the 4th quarter. IMS Capital Management now owns 424 shares of the information services provider’s stock valued at $568,000 after purchasing an additional 16 shares during the last quarter. AE Wealth Management LLC lifted its holdings in shares of Alphabet by 27.0% during the 4th quarter. AE Wealth Management LLC now owns 6,501 shares of the information services provider’s stock valued at $8,707,000 after purchasing an additional 1,383 shares during the last quarter. Gardiner Nancy B lifted its holdings in shares of Alphabet by 0.8% during the 4th quarter. Gardiner Nancy B now owns 1,502 shares of the information services provider’s stock valued at $2,011,000 after purchasing an additional 12 shares during the last quarter. Elefante Mark B lifted its holdings in shares of Alphabet by 8.6% during the 4th quarter. Elefante Mark B now owns 812 shares of the information services provider’s stock valued at $1,087,000 after purchasing an additional 64 shares during the last quarter. Finally, Gradient Investments LLC lifted its holdings in shares of Alphabet by 2.4% during the 4th quarter. Gradient Investments LLC now owns 1,171 shares of the information services provider’s stock valued at $1,568,000 after purchasing an additional 28 shares during the last quarter. Institutional investors own 33.55% of the company’s stock.

Several analysts have recently commented on the company. Royal Bank of Canada increased their price objective on Alphabet from $1,425.00 to $1,500.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. Canaccord Genuity raised Alphabet from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Robert W. Baird reissued a “buy” rating and issued a $1,400.00 target price on shares of Alphabet in a research report on Thursday, December 19th. Sanford C. Bernstein began coverage on Alphabet in a research report on Friday, January 10th. They issued an “outperform” rating and a $1,600.00 target price on the stock. Finally, SunTrust Banks reissued a “buy” rating and issued a $1,400.00 target price on shares of Alphabet in a research report on Monday, October 28th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and thirty-nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $1,438.05.

Shares of GOOGL opened at $1,439.20 on Thursday. The business’s 50-day moving average is $1,356.66 and its two-hundred day moving average is $1,248.24. The company has a market capitalization of $986.66 billion, a P/E ratio of 30.29, a P/E/G ratio of 1.56 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78. Alphabet Inc has a fifty-two week low of $1,027.03 and a fifty-two week high of $1,442.63.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing the consensus estimate of $12.42 by ($2.30). The company had revenue of $33.01 billion for the quarter, compared to analyst estimates of $32.84 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. During the same period in the prior year, the business posted $13.06 earnings per share. Analysts forecast that Alphabet Inc will post 49.03 EPS for the current year.

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.

Recommended Story: P/E Growth (PEG)

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


 
© 2006-2020 BBNS.