KCM Investment Advisors LLC increased its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,622 shares of the information services provider’s stock after purchasing an additional 28 shares during the quarter. KCM Investment Advisors LLC’s holdings in Alphabet were worth $16,906,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. State Street Corp boosted its position in Alphabet by 0.6% during the fourth quarter. State Street Corp now owns 11,643,410 shares of the information services provider’s stock worth $15,595,067,000 after acquiring an additional 72,165 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Alphabet by 2.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,731,617 shares of the information services provider’s stock worth $3,658,702,000 after acquiring an additional 57,295 shares during the period. Johanson Financial Advisors Inc. boosted its position in shares of Alphabet by 129,857.5% in the fourth quarter. Johanson Financial Advisors Inc. now owns 2,622,543 shares of the information services provider’s stock worth $1,958,000 after acquiring an additional 2,620,525 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Alphabet by 3.4% in the fourth quarter. Jennison Associates LLC now owns 1,891,836 shares of the information services provider’s stock worth $2,533,906,000 after acquiring an additional 61,495 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Alphabet by 3.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,510,684 shares of the information services provider’s stock worth $2,023,395,000 after acquiring an additional 49,057 shares during the last quarter. 35.06% of the stock is owned by hedge funds and other institutional investors.
Shares of GOOGL stock traded up $35.78 on Thursday, hitting $1,137.40. The stock had a trading volume of 145,270 shares, compared to its average volume of 3,527,460. The firm has a market capitalization of $776.28 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.35 and a beta of 1.02. The stock’s 50 day moving average is $1,340.36 and its 200-day moving average is $1,320.25. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.35 and a current ratio of 3.37. Alphabet Inc has a 52-week low of $1,008.87 and a 52-week high of $1,530.74.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, February 3rd. The information services provider reported $15.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $12.76 by $2.59. The firm had revenue of $37.57 billion for the quarter, compared to the consensus estimate of $38.44 billion. Alphabet had a net margin of 21.22% and a return on equity of 18.66%. During the same quarter in the previous year, the firm posted $12.77 EPS. Equities analysts expect that Alphabet Inc will post 52.67 earnings per share for the current year.
Several brokerages recently commented on GOOGL. Cleveland Research initiated coverage on shares of Alphabet in a research report on Friday, December 20th. They set a “neutral” rating and a $1,423.00 price target for the company. Loop Capital decreased their price target on shares of Alphabet from to in a report on Tuesday, March 10th. Robert W. Baird reissued a “buy” rating and set a $1,400.00 price objective on shares of Alphabet in a research note on Thursday, December 19th. Argus restated a “buy” rating and set a $1,620.00 price objective (up from $1,450.00) on shares of Alphabet in a report on Wednesday, February 5th. Finally, Monness Crespi & Hardt cut their target price on Alphabet from $1,535.00 to $1,350.00 and set a “buy” rating on the stock in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $1,511.24.
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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