78 Shares in Alphabet Inc. (NASDAQ:GOOGL) Acquired by WestHill Financial Advisors Inc.

WestHill Financial Advisors Inc. bought a new stake in Alphabet Inc. (NASDAQ:GOOGL) during the third quarter, HoldingsChannel.com reports. The firm bought 78 shares of the information services provider’s stock, valued at approximately $209,000.

Several other hedge funds have also modified their holdings of GOOGL. FMR LLC lifted its stake in shares of Alphabet by 0.9% in the 2nd quarter. FMR LLC now owns 13,134,972 shares of the information services provider’s stock valued at $32,072,840,000 after acquiring an additional 118,821 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Alphabet by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 5,058,794 shares of the information services provider’s stock valued at $12,317,675,000 after acquiring an additional 119,059 shares during the last quarter. Morgan Stanley lifted its stake in shares of Alphabet by 1.2% in the 2nd quarter. Morgan Stanley now owns 3,216,517 shares of the information services provider’s stock valued at $7,854,059,000 after acquiring an additional 39,437 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Alphabet by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 1,940,270 shares of the information services provider’s stock valued at $4,737,726,000 after acquiring an additional 33,699 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Alphabet by 3.1% in the 2nd quarter. Deutsche Bank AG now owns 1,904,058 shares of the information services provider’s stock valued at $4,649,310,000 after acquiring an additional 56,899 shares during the last quarter. 34.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GOOGL stock opened at $2,922.40 on Thursday. Alphabet Inc. has a 52-week low of $1,694.00 and a 52-week high of $3,019.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.96 and a current ratio of 2.98. The company has a 50-day simple moving average of $2,850.18 and a two-hundred day simple moving average of $2,668.40. The company has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 28.14, a PEG ratio of 1.07 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, October 25th. The information services provider reported $27.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $23.13 by $4.86. Alphabet had a net margin of 29.52% and a return on equity of 30.22%. During the same period in the prior year, the business posted $16.40 earnings per share. On average, sell-side analysts forecast that Alphabet Inc. will post 107.86 EPS for the current fiscal year.

Several research analysts have commented on GOOGL shares. Evercore ISI lifted their target price on Alphabet from $3,160.00 to $3,500.00 and gave the stock an “outperform” rating in a report on Wednesday, October 27th. Truist Securities upped their target price on Alphabet from $3,100.00 to $3,400.00 and gave the company a “buy” rating in a report on Wednesday, October 27th. Needham & Company LLC raised their price target on shares of Alphabet from $2,700.00 to $3,200.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. Truist upped their price objective on shares of Alphabet from $3,100.00 to $3,400.00 and gave the company a “buy” rating in a research note on Wednesday, October 27th. Finally, Mizuho restated a “buy” rating on shares of Alphabet in a report on Monday, November 8th. Four investment analysts have rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and a consensus target price of $3,156.15.

About Alphabet

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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