Lincoln Capital LLC Acquires 515 Shares of Alphabet Inc (GOOGL)

Lincoln Capital LLC grew its stake in Alphabet Inc (NASDAQ:GOOGL) by 7.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,702 shares of the information services provider’s stock after purchasing an additional 515 shares during the quarter. Alphabet comprises about 4.6% of Lincoln Capital LLC’s holdings, making the stock its 8th biggest holding. Lincoln Capital LLC’s holdings in Alphabet were worth $7,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOOGL. Oakbrook Investments LLC lifted its stake in shares of Alphabet by 7.4% in the 3rd quarter. Oakbrook Investments LLC now owns 32,025 shares of the information services provider’s stock worth $31,183,000 after purchasing an additional 2,200 shares during the period. Round Table Services LLC lifted its stake in shares of Alphabet by 15.5% in the 3rd quarter. Round Table Services LLC now owns 654 shares of the information services provider’s stock worth $637,000 after purchasing an additional 88 shares during the period. Taylor Cottrill Erickson & Associates Inc. lifted its stake in shares of Alphabet by 51.3% in the 3rd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 2,560 shares of the information services provider’s stock worth $2,493,000 after purchasing an additional 868 shares during the period. Butensky & Cohen Financial Security Inc. lifted its stake in shares of Alphabet by 13.4% in the 3rd quarter. Butensky & Cohen Financial Security Inc. now owns 1,647 shares of the information services provider’s stock worth $1,604,000 after purchasing an additional 195 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Alphabet by 4.2% in the 3rd quarter. Fisher Asset Management LLC now owns 1,064,338 shares of the information services provider’s stock worth $1,036,368,000 after purchasing an additional 42,832 shares during the period. Institutional investors and hedge funds own 33.55% of the company’s stock.

A number of equities research analysts have commented on the stock. SunTrust Banks restated a “buy” rating and set a $1,250.00 target price on shares of Alphabet in a research note on Friday. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,179.78 price objective for the company in a report on Monday, January 8th. Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Robert W. Baird reaffirmed a “buy” rating and set a $1,150.00 price objective on shares of Alphabet in a report on Tuesday, January 2nd. Finally, Bank of America reissued a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $1,100.06.

Shares of Alphabet Inc (GOOGL) traded up $18.60 during trading on Friday, reaching $1,130.65. 1,926,714 shares of the company’s stock were exchanged, compared to its average volume of 1,520,000. The company has a market capitalization of $783,260.00, a P/E ratio of 37.66, a PEG ratio of 1.45 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc has a fifty-two week low of $812.05 and a fifty-two week high of $1,131.30.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Zacks’ consensus estimate of $8.43 by $1.14. The business had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same period in the previous year, the company posted $9.06 earnings per share. equities research analysts predict that Alphabet Inc will post 32.34 EPS for the current year.

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About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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