Parnassus Investments CA Acquires 218 Shares of Alphabet Inc (GOOGL)

Parnassus Investments CA lifted its holdings in Alphabet Inc (NASDAQ:GOOGL) by 0.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 517,653 shares of the information services provider’s stock after buying an additional 218 shares during the quarter. Alphabet makes up about 2.1% of Parnassus Investments CA’s holdings, making the stock its 15th biggest holding. Parnassus Investments CA owned 0.07% of Alphabet worth $504,049,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in Alphabet during the 2nd quarter valued at about $102,000. Parkside Financial Bank & Trust grew its position in Alphabet by 39.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after purchasing an additional 36 shares during the last quarter. Odey Holdings AG grew its position in Alphabet by 18.2% during the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock valued at $121,000 after purchasing an additional 20 shares during the last quarter. Lloyds Banking Group plc purchased a new stake in Alphabet during the 2nd quarter valued at about $133,000. Finally, Farmers National Bank grew its position in Alphabet by 3.3% during the 2nd quarter. Farmers National Bank now owns 155 shares of the information services provider’s stock valued at $144,000 after purchasing an additional 5 shares during the last quarter. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Inc (GOOGL) opened at $1,130.65 on Friday. Alphabet Inc has a one year low of $812.05 and a one year high of $1,131.30. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The firm has a market cap of $783,260.00, a P/E ratio of 37.66, a PEG ratio of 1.45 and a beta of 0.90.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. During the same quarter in the prior year, the business earned $9.06 EPS. research analysts expect that Alphabet Inc will post 32.34 earnings per share for the current fiscal year.

Several analysts recently commented on GOOGL shares. SunTrust Banks reissued a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a research report on Saturday, September 23rd. Cantor Fitzgerald reissued a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a research report on Tuesday, October 24th. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,199.00 price objective on the stock in a research report on Tuesday, December 26th. Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price objective on the stock. in a research report on Friday, October 6th. Finally, Citigroup reissued a “buy” rating and set a $1,180.00 price objective on shares of Alphabet in a research report on Tuesday, October 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1,100.06.

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Alphabet Profile

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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