Actiam N.V. bought a new position in shares of Alphabet Inc (NASDAQ:GOOGL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 42,261 shares of the information services provider’s stock, valued at approximately $44,161,000. Alphabet comprises about 13.3% of Actiam N.V.’s holdings, making the stock its 4th largest position.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Commonwealth Bank of Australia raised its stake in Alphabet by 9.2% during the fourth quarter. Commonwealth Bank of Australia now owns 11,242 shares of the information services provider’s stock worth $11,740,000 after buying an additional 949 shares during the last quarter. Korea Investment CORP grew its holdings in Alphabet by 2.3% in the fourth quarter. Korea Investment CORP now owns 231,761 shares of the information services provider’s stock worth $242,181,000 after purchasing an additional 5,300 shares during the period. Archford Capital Strategies LLC grew its holdings in Alphabet by 21.0% in the fourth quarter. Archford Capital Strategies LLC now owns 559 shares of the information services provider’s stock worth $584,000 after purchasing an additional 97 shares during the period. Ascent Wealth Partners LLC acquired a new stake in Alphabet in the fourth quarter worth $2,875,000. Finally, Godshalk Welsh Capital Management Inc. grew its holdings in Alphabet by 18.6% in the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 932 shares of the information services provider’s stock worth $974,000 after purchasing an additional 146 shares during the period. 33.50% of the stock is owned by institutional investors and hedge funds.
GOOGL has been the subject of a number of research reports. Pivotal Research initiated coverage on shares of Alphabet in a report on Wednesday, May 29th. They issued a “hold” rating and a $1,250.00 price target for the company. JMP Securities restated an “outperform” rating and issued a $1,375.00 price target (up from $1,300.00) on shares of Alphabet in a report on Tuesday, April 30th. Stifel Nicolaus cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price target for the company. in a report on Tuesday, April 30th. BMO Capital Markets raised their price target on shares of Alphabet from $1,100.00 to $1,200.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. They noted that the move was a valuation call. Finally, Nomura reduced their price target on shares of Alphabet from $1,310.00 to $1,300.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1,324.89.
Shares of NASDAQ GOOGL opened at $1,081.04 on Wednesday. The stock has a market cap of $751.70 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 1.26 and a beta of 1.04. Alphabet Inc has a 1 year low of $977.66 and a 1 year high of $1,296.97. The company has a quick ratio of 3.93, a current ratio of 3.96 and a debt-to-equity ratio of 0.02.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.56 by $1.34. The firm had revenue of $29.48 billion during the quarter, compared to analysts’ expectations of $29.99 billion. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. During the same period last year, the company earned $13.33 earnings per share. As a group, research analysts anticipate that Alphabet Inc will post 48.44 EPS for the current fiscal year.
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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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