Marietta Wealth Management LLC Purchases 83 Shares of Alphabet Inc. (NASDAQ:GOOGL)


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Marietta Wealth Management LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,706 shares of the information services provider’s stock after acquiring an additional 83 shares during the quarter. Alphabet makes up 1.8% of Marietta Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. Marietta Wealth Management LLC’s holdings in Alphabet were worth $6,495,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Lord Abbett & CO. LLC lifted its holdings in Alphabet by 4.4% in the fourth quarter. Lord Abbett & CO. LLC now owns 189,042 shares of the information services provider’s stock valued at $331,322,000 after acquiring an additional 8,010 shares during the period. Summit Asset Management LLC lifted its holdings in Alphabet by 3.6% in the fourth quarter. Summit Asset Management LLC now owns 173 shares of the information services provider’s stock valued at $303,000 after acquiring an additional 6 shares during the period. Oakmont Corp bought a new position in Alphabet in the fourth quarter valued at about $202,000. Vectors Research Management LLC increased its position in Alphabet by 60.0% in the fourth quarter. Vectors Research Management LLC now owns 80 shares of the information services provider’s stock worth $140,000 after buying an additional 30 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Alphabet by 9.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 97,459 shares of the information services provider’s stock worth $170,811,000 after buying an additional 8,169 shares in the last quarter. 33.79% of the stock is currently owned by institutional investors.

Shares of NASDAQ:GOOGL traded down $37.94 during trading on Tuesday, hitting $2,016.32. The company had a trading volume of 35,872 shares, compared to its average volume of 1,957,420. The stock has a market cap of $1.36 trillion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. Alphabet Inc. has a one year low of $1,008.87 and a one year high of $2,145.14. The company has a fifty day simple moving average of $1,913.73 and a two-hundred day simple moving average of $1,700.78. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.41 and a quick ratio of 3.39.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, February 1st. The information services provider reported $22.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $15.90 by $6.40. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. The business had revenue of $46.43 billion during the quarter, compared to analyst estimates of $44.09 billion. During the same period last year, the company earned $15.35 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 52.19 earnings per share for the current year.

A number of brokerages have commented on GOOGL. Credit Suisse Group upped their price target on Alphabet from $2,000.00 to $2,360.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 3rd. Raymond James upped their price target on Alphabet from $1,800.00 to $2,440.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 3rd. Wells Fargo & Company upped their price target on Alphabet from $1,800.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Thursday, January 28th. William Blair restated an “outperform” rating on shares of Alphabet in a research report on Tuesday, February 2nd. Finally, Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 3rd. Three research analysts have rated the stock with a hold rating and forty have assigned a buy rating to the company. Alphabet presently has a consensus rating of “Buy” and an average price target of $2,059.56.

About Alphabet

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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