Elefante Mark B Has $1.09 Million Position in Alphabet Inc (NASDAQ:GOOGL)

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Elefante Mark B boosted its position in Alphabet Inc (NASDAQ:GOOGL) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 812 shares of the information services provider’s stock after purchasing an additional 64 shares during the quarter. Alphabet makes up 3.9% of Elefante Mark B’s portfolio, making the stock its 3rd biggest position. Elefante Mark B’s holdings in Alphabet were worth $1,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gradient Investments LLC increased its holdings in shares of Alphabet by 2.4% during the fourth quarter. Gradient Investments LLC now owns 1,171 shares of the information services provider’s stock valued at $1,568,000 after acquiring an additional 28 shares in the last quarter. Gillespie Robinson & Grimm Inc. increased its holdings in shares of Alphabet by 2.8% during the fourth quarter. Gillespie Robinson & Grimm Inc. now owns 11,912 shares of the information services provider’s stock valued at $15,955,000 after acquiring an additional 328 shares in the last quarter. Eidelman Virant Capital increased its holdings in shares of Alphabet by 100.5% during the fourth quarter. Eidelman Virant Capital now owns 399 shares of the information services provider’s stock valued at $534,000 after acquiring an additional 200 shares in the last quarter. FormulaFolio Investments LLC increased its holdings in shares of Alphabet by 1.4% during the fourth quarter. FormulaFolio Investments LLC now owns 1,271 shares of the information services provider’s stock valued at $1,702,000 after acquiring an additional 17 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. bought a new position in shares of Alphabet during the fourth quarter valued at $655,000. Institutional investors and hedge funds own 33.55% of the company’s stock.

Several equities analysts have recently weighed in on GOOGL shares. Piper Jaffray Companies started coverage on Alphabet in a report on Tuesday, December 3rd. They set an “overweight” rating and a $1,500.00 price target for the company. Sanford C. Bernstein started coverage on Alphabet in a report on Friday, January 10th. They set an “outperform” rating and a $1,600.00 price target for the company. Jefferies Financial Group raised their price target on Alphabet from $1,500.00 to $1,550.00 in a report on Tuesday, October 29th. Stifel Nicolaus upgraded Alphabet from a “hold” rating to a “buy” rating and raised their price target for the company from $1,325.00 to $1,525.00 in a report on Thursday, December 5th. Finally, Raymond James restated an “outperform” rating on shares of Alphabet in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and thirty-nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $1,438.05.

Shares of NASDAQ:GOOGL opened at $1,439.20 on Thursday. The stock has a market capitalization of $986.66 billion, a price-to-earnings ratio of 30.29, a PEG 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. The stock’s 50-day simple moving average is $1,356.66 and its two-hundred day simple moving average is $1,248.24. Alphabet Inc has a 52-week low of $1,027.03 and a 52-week high of $1,442.63.

Alphabet (NASDAQ:GOOGL) last announced its 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 during the quarter, compared to analysts’ expectations 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 previous year, the business posted $13.06 earnings per share. As a group, equities analysts forecast that Alphabet Inc will post 49.03 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.

Read More: Dividend Reinvestment Plan (DRIP)

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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