Vectors Research Management LLC Acquires 30 Shares of Alphabet Inc. (NASDAQ:GOOGL)


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Vectors Research Management LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 60.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80 shares of the information services provider’s stock after buying an additional 30 shares during the period. Vectors Research Management LLC’s holdings in Alphabet were worth $140,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Alphabet by 9.1% in the 4th 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 during the last quarter. Diligent Investors LLC lifted its position in Alphabet by 2.2% during the fourth quarter. Diligent Investors LLC now owns 556 shares of the information services provider’s stock valued at $974,000 after acquiring an additional 12 shares during the last quarter. Northstar Group Inc. boosted its stake in Alphabet by 0.6% in the fourth quarter. Northstar Group Inc. now owns 3,595 shares of the information services provider’s stock valued at $6,301,000 after acquiring an additional 20 shares in the last quarter. Hengehold Capital Management LLC grew its holdings in Alphabet by 2.0% in the fourth quarter. Hengehold Capital Management LLC now owns 312 shares of the information services provider’s stock worth $547,000 after purchasing an additional 6 shares during the last quarter. Finally, 360 Financial Inc. increased its position in shares of Alphabet by 9.8% during the fourth quarter. 360 Financial Inc. now owns 247 shares of the information services provider’s stock worth $433,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 33.79% of the company’s stock.

Several research analysts recently weighed in on the company. Cowen restated an “outperform” rating on shares of Alphabet in a research note on Wednesday, February 3rd. Needham & Company LLC upped their price objective on shares of Alphabet from $1,800.00 to $2,500.00 and gave the company a “buy” rating in a report on Wednesday, February 3rd. They noted that the move was a valuation call. Smith Barney Citigroup lifted their target price on shares of Alphabet from $1,600.00 to $2,000.00 in a research note on Tuesday, November 3rd. Canaccord Genuity reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 3rd. Finally, KeyCorp raised their price target on shares of Alphabet from $2,060.00 to $2,353.00 and gave the stock an “overweight” rating in a report on Wednesday, February 3rd. Three analysts have rated the stock with a hold rating and forty have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $2,059.56.

NASDAQ GOOGL opened at $2,054.26 on Tuesday. The stock has a market capitalization of $1.38 trillion, a price-to-earnings ratio of 39.70, a PEG ratio of 1.65 and a beta of 0.99. The stock has a 50-day moving average of $1,913.73 and a 200 day moving average of $1,700.78. The company has a current ratio of 3.41, a quick ratio of 3.39 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a twelve month low of $1,008.87 and a twelve month high of $2,145.14.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, February 1st. The information services provider reported $22.30 EPS for the quarter, beating the Zacks’ 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 analysts’ expectations of $44.09 billion. During the same period in the previous year, the business earned $15.35 earnings per share. Equities analysts predict that Alphabet Inc. will post 52.19 EPS for the current fiscal year.

Alphabet Profile

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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