Evanson Asset Management LLC Grows Position in Alphabet Inc (NASDAQ:GOOGL)

Evanson Asset Management LLC grew its position in Alphabet Inc (NASDAQ:GOOGL) by 0.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 7,953 shares of the information services provider’s stock after purchasing an additional 41 shares during the period. Alphabet accounts for about 2.0% of Evanson Asset Management LLC’s portfolio, making the stock its 7th largest holding. Evanson Asset Management LLC’s holdings in Alphabet were worth $9,712,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Selz Capital LLC grew its position in shares of Alphabet by 2.9% in the third quarter. Selz Capital LLC now owns 10,800 shares of the information services provider’s stock valued at $13,188,000 after purchasing an additional 300 shares during the last quarter. Stillwater Capital Advisors LLC grew its position in shares of Alphabet by 0.4% in the third quarter. Stillwater Capital Advisors LLC now owns 13,065 shares of the information services provider’s stock valued at $15,954,000 after purchasing an additional 50 shares during the last quarter. First National Bank Sioux Falls acquired a new position in shares of Alphabet in the third quarter valued at approximately $202,000. Rockland Trust Co. grew its position in shares of Alphabet by 3.5% in the third quarter. Rockland Trust Co. now owns 16,646 shares of the information services provider’s stock valued at $19,799,000 after purchasing an additional 564 shares during the last quarter. Finally, Intellectus Partners LLC grew its position in shares of Alphabet by 1.8% in the third quarter. Intellectus Partners LLC now owns 2,717 shares of the information services provider’s stock valued at $3,318,000 after purchasing an additional 48 shares during the last quarter. 33.50% of the stock is currently owned by institutional investors.

NASDAQ GOOGL traded up $15.37 on Friday, hitting $1,224.84. 622,076 shares of the company’s stock were exchanged, compared to its average volume of 1,311,059. The stock has a 50-day moving average of $1,206.08 and a 200-day moving average of $1,174.07. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 52 week low of $977.66 and a 52 week high of $1,296.97. The stock has a market cap of $847.70 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 1.40 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping the consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The firm had revenue of $31.71 billion during the quarter, compared to analysts’ expectations of $30.90 billion. As a group, analysts predict that Alphabet Inc will post 51.29 earnings per share for the current year.

Several equities analysts have recently commented on GOOGL shares. Bank of America set a $1,450.00 target price on Alphabet and gave the company a “buy” rating in a research report on Friday, September 6th. Mizuho increased their price target on Alphabet from $1,350.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. JMP Securities increased their price target on Alphabet to $1,450.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. increased their price target on Alphabet from $1,310.00 to $1,420.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Finally, Cowen set a $1,500.00 price target on Alphabet and gave the stock a “buy” rating in a research report on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $1,375.78.

About Alphabet

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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