Johanson Financial Advisors Inc. grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,598 shares of the information services provider’s stock after purchasing an additional 180 shares during the period. Alphabet comprises about 1.1% of Johanson Financial Advisors Inc.’s portfolio, making the stock its 28th biggest position. Johanson Financial Advisors Inc.’s holdings in Alphabet were worth $1,689,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Gardiner Nancy B lifted its holdings in shares of Alphabet by 5.4% during the third quarter. Gardiner Nancy B now owns 1,450 shares of the information services provider’s stock worth $1,412,000 after purchasing an additional 74 shares during the period. Beacon Investment Advisory Services Inc. lifted its holdings in Alphabet by 1,908.0% in the third quarter. Beacon Investment Advisory Services Inc. now owns 8,333 shares of the information services provider’s stock valued at $8,114,000 after acquiring an additional 7,918 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Alphabet by 1.8% in the second quarter. Public Employees Retirement System of Ohio now owns 213,521 shares of the information services provider’s stock valued at $198,506,000 after acquiring an additional 3,690 shares during the period. Alta Capital Management LLC lifted its holdings in Alphabet by 0.7% in the third quarter. Alta Capital Management LLC now owns 76,365 shares of the information services provider’s stock valued at $74,358,000 after acquiring an additional 528 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in Alphabet by 5.9% in the second quarter. Prudential Financial Inc. now owns 668,282 shares of the information services provider’s stock valued at $621,289,000 after acquiring an additional 36,981 shares during the period. Institutional investors own 34.38% of the company’s stock.
GOOGL opened at $1,009.95 on Friday. Alphabet Inc. has a 52-week low of $834.60 and a 52-week high of $1,198.00. The stock has a market cap of $715,425.00, a PE ratio of 31.51, a P/E/G ratio of 1.10 and a beta of 1.05. The company has a quick ratio of 5.11, a current ratio of 5.14 and a debt-to-equity ratio of 0.03.
Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing the consensus estimate of $10.12 by ($0.42). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The business had revenue of $25.87 billion for the quarter, compared to the consensus estimate of $25.65 billion. equities research analysts forecast that Alphabet Inc. will post 41.21 earnings per share for the current year.
Alphabet declared that its Board of Directors has initiated a share buyback program on Thursday, February 1st that authorizes the company to repurchase $8.59 billion in shares. This repurchase authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
A number of research analysts have recently weighed in on GOOGL shares. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,199.00 price target for the company in a research report on Tuesday, December 26th. SunTrust Banks dropped their price objective on Alphabet from $1,250.00 to $1,180.00 in a research report on Monday, January 15th. Monness Crespi & Hardt reissued a “buy” rating and issued a $1,250.00 price target (up from $1,120.00) on shares of Alphabet in a research note on Monday, January 29th. Cowen lifted their price objective on Alphabet from $1,150.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Finally, B. Riley lifted their price objective on Alphabet from $1,200.00 to $1,375.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,180.20.
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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.
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