Brightworth Raises Holdings in Alphabet Inc (GOOGL)

Brightworth grew its stake in Alphabet Inc (NASDAQ:GOOGL) by 1,378.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,104 shares of the information services provider’s stock after purchasing an additional 5,691 shares during the quarter. Alphabet comprises about 1.4% of Brightworth’s holdings, making the stock its 12th biggest holding. Brightworth’s holdings in Alphabet were worth $5,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Alphabet by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after purchasing an additional 662,279 shares in the last quarter. BlackRock Inc. increased its stake in Alphabet by 3.1% during the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after purchasing an additional 567,337 shares in the last quarter. FMR LLC increased its stake in Alphabet by 2.1% during the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock valued at $16,406,366,000 after purchasing an additional 367,634 shares in the last quarter. State Street Corp increased its stake in Alphabet by 1.2% during the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after purchasing an additional 142,214 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in Alphabet by 2.4% during the 2nd quarter. Capital Research Global Investors now owns 4,308,195 shares of the information services provider’s stock valued at $4,005,243,000 after purchasing an additional 102,133 shares in the last quarter. Institutional investors and hedge funds own 33.55% of the company’s stock.

A number of analysts have recently issued reports on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $1,150.00 price target on shares of Alphabet in a report on Tuesday. Cowen raised their price target on shares of Alphabet from $1,150.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday. Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,137.28 price target on the stock. in a report on Thursday. Bank of America reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a report on Tuesday, September 26th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $1,250.00 price target on shares of Alphabet in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the stock. Alphabet currently has an average rating of “Buy” and an average target price of $1,096.47.

Shares of Alphabet Inc (GOOGL) opened at $1,095.76 on Friday. The stock has a market cap of $758,160.00, a P/E ratio of 36.50, a PEG ratio of 1.40 and a beta of 0.90. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet Inc has a 1 year low of $805.92 and a 1 year high of $1,104.08.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.43 by $1.14. The firm had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same quarter last year, the business posted $9.06 earnings per share. sell-side analysts expect that Alphabet Inc will post 32.34 EPS for the current year.

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Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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