Gardiner Nancy B Has $2.01 Million Stock Position in Alphabet Inc (NASDAQ:GOOGL)

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Gardiner Nancy B increased its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,502 shares of the information services provider’s stock after purchasing an additional 12 shares during the period. Alphabet makes up 3.2% of Gardiner Nancy B’s holdings, making the stock its 4th largest position. Gardiner Nancy B’s holdings in Alphabet were worth $2,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Elefante Mark B boosted its holdings in Alphabet by 8.6% during the fourth quarter. Elefante Mark B now owns 812 shares of the information services provider’s stock valued at $1,087,000 after acquiring an additional 64 shares during the period. Gradient Investments LLC grew its stake in shares of Alphabet by 2.4% in the fourth quarter. Gradient Investments LLC now owns 1,171 shares of the information services provider’s stock worth $1,568,000 after acquiring an additional 28 shares during the last quarter. Gillespie Robinson & Grimm Inc. increased its position in Alphabet by 2.8% during the fourth quarter. Gillespie Robinson & Grimm Inc. now owns 11,912 shares of the information services provider’s stock worth $15,955,000 after acquiring an additional 328 shares during the period. Eidelman Virant Capital increased its position in Alphabet by 100.5% during the fourth quarter. Eidelman Virant Capital now owns 399 shares of the information services provider’s stock worth $534,000 after acquiring an additional 200 shares during the period. Finally, FormulaFolio Investments LLC increased its position in Alphabet by 1.4% during the fourth quarter. FormulaFolio Investments LLC now owns 1,271 shares of the information services provider’s stock worth $1,702,000 after acquiring an additional 17 shares during the period. 33.55% of the stock is currently owned by institutional investors and hedge funds.

GOOGL has been the subject of a number of research reports. Monness Crespi & Hardt set a $1,360.00 price target on shares of Alphabet and gave the company a “buy” rating in a report on Monday, October 21st. Evercore ISI restated a “positive” rating and issued a $1,600.00 price target (up from $1,350.00) on shares of Alphabet in a research report on Monday. Cleveland Research assumed coverage on shares of Alphabet in a report on Friday, December 20th. They set a “neutral” rating and a $1,423.00 price objective on the stock. Jefferies Financial Group upped their price objective on shares of Alphabet from $1,500.00 to $1,550.00 in a research report on Tuesday, October 29th. Finally, Tigress Financial reiterated a “buy” rating on shares of Alphabet in a research note on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and thirty-nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $1,438.05.

Alphabet stock opened at $1,439.20 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75. The company has a market capitalization of $986.66 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.01. Alphabet Inc has a one year low of $1,027.03 and a one year high of $1,442.63. The business has a 50 day simple moving average of $1,356.66 and a 200 day simple moving average of $1,248.24.

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

Further Reading: What is a stock buyback?

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)

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