120 Shares in Alphabet Inc. (NASDAQ:GOOGL) Acquired by Pachira Investments Inc.

Pachira Investments Inc. purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 120 shares of the information services provider’s stock, valued at approximately $321,000. Alphabet makes up about 0.2% of Pachira Investments Inc.’s investment portfolio, making the stock its 20th biggest position.

A number of other large investors have also recently modified their holdings of GOOGL. Amundi purchased a new position in Alphabet during the second quarter valued at approximately $2,870,493,000. Liberty Wealth Management LLC lifted its holdings in Alphabet by 232,278.4% during the second quarter. Liberty Wealth Management LLC now owns 625,098 shares of the information services provider’s stock valued at $256,000 after purchasing an additional 624,829 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Alphabet by 588.0% during the second quarter. Macquarie Group Ltd. now owns 579,641 shares of the information services provider’s stock valued at $1,415,362,000 after purchasing an additional 495,388 shares in the last quarter. Jennison Associates LLC lifted its holdings in Alphabet by 21.3% during the second quarter. Jennison Associates LLC now owns 1,742,830 shares of the information services provider’s stock valued at $4,255,625,000 after purchasing an additional 306,146 shares in the last quarter. Finally, Parnassus Investments CA lifted its holdings in Alphabet by 46.7% during the second quarter. Parnassus Investments CA now owns 693,072 shares of the information services provider’s stock valued at $1,692,336,000 after purchasing an additional 220,762 shares in the last quarter. 34.30% of the stock is currently owned by institutional investors and hedge funds.

GOOGL traded up $6.76 during midday trading on Thursday, hitting $2,922.40. 900,854 shares of the company were exchanged, compared to its average volume of 1,534,131. The company’s 50 day simple moving average is $2,850.18 and its 200 day simple moving average is $2,668.40. The firm has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 1.07 and a beta of 1.04. Alphabet Inc. has a 1-year low of $1,694.00 and a 1-year high of $3,019.33. The company has a current ratio of 2.98, a quick ratio of 2.96 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, October 25th. The information services provider reported $27.99 earnings per share for the quarter, beating the consensus estimate of $23.13 by $4.86. Alphabet had a return on equity of 30.22% and a net margin of 29.52%. During the same quarter in the previous year, the company earned $16.40 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post 107.86 EPS for the current year.

Several research firms have recently commented on GOOGL. MKM Partners boosted their target price on shares of Alphabet from $2,500.00 to $3,150.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. Susquehanna boosted their target price on shares of Alphabet from $3,100.00 to $3,600.00 and gave the stock a “positive” rating in a report on Wednesday, July 28th. Stifel Nicolaus boosted their target price on shares of Alphabet from $3,000.00 to $3,200.00 and gave the stock a “buy” rating in a report on Wednesday, October 27th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $3,400.00 price target (up previously from $3,100.00) on shares of Alphabet in a research note on Wednesday, October 27th. Finally, Citigroup lifted their price objective on shares of Alphabet from $2,825.00 to $2,965.00 and gave the stock a “neutral” rating in a research note on Thursday, October 28th. Four equities research analysts have rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $3,156.15.

Alphabet Profile

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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