Alphabet Inc (GOOGL) Shares Bought by Forte Capital LLC ADV

Forte Capital LLC ADV lifted its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 15.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,891 shares of the information services provider’s stock after purchasing an additional 509 shares during the period. Alphabet accounts for about 1.2% of Forte Capital LLC ADV’s portfolio, making the stock its 21st largest position. Forte Capital LLC ADV’s holdings in Alphabet were worth $4,098,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Gardiner Nancy B boosted its holdings in Alphabet by 5.4% in the third quarter. Gardiner Nancy B now owns 1,450 shares of the information services provider’s stock valued at $1,412,000 after acquiring an additional 74 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Alphabet by 1.8% in the second quarter. Public Employees Retirement System of Ohio now owns 213,521 shares of the information services provider’s stock valued at $198,506,000 after acquiring an additional 3,690 shares during the last quarter. Alta Capital Management LLC boosted its holdings in Alphabet by 0.7% in the third quarter. Alta Capital Management LLC now owns 76,365 shares of the information services provider’s stock valued at $74,358,000 after acquiring an additional 528 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its holdings in Alphabet by 1,908.0% in the third quarter. Beacon Investment Advisory Services Inc. now owns 8,333 shares of the information services provider’s stock valued at $8,114,000 after acquiring an additional 7,918 shares during the last quarter. Finally, Saratoga Research & Investment Management boosted its holdings in Alphabet by 7.1% in the fourth quarter. Saratoga Research & Investment Management now owns 27,449 shares of the information services provider’s stock valued at $28,915,000 after acquiring an additional 1,808 shares during the last quarter. Institutional investors own 34.37% of the company’s stock.

Shares of Alphabet stock opened at $1,026.55 on Friday. Alphabet Inc has a 1 year low of $824.30 and a 1 year high of $1,198.00. The stock has a market capitalization of $713,229.56, a P/E ratio of 32.07, a P/E/G ratio of 1.10 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $10.12 by ($0.42). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The firm had revenue of $25.87 billion during the quarter, compared to analyst estimates of $25.65 billion. equities analysts expect that Alphabet Inc will post 41.21 earnings per share for the current year.

Alphabet announced that its Board of Directors has initiated a share buyback plan on Thursday, February 1st that permits the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

GOOGL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,330.00 target price on the stock in a report on Monday, January 29th. Deutsche Bank restated a “buy” rating and set a $1,400.00 target price on shares of Alphabet in a report on Monday, January 29th. Morgan Stanley restated an “overweight” rating and set a $1,215.00 target price (up previously from $1,210.00) on shares of Alphabet in a report on Friday, January 26th. Monness Crespi & Hardt restated a “buy” rating and set a $1,250.00 target price (up previously from $1,120.00) on shares of Alphabet in a report on Monday, January 29th. Finally, Vetr upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,243.88 target price on the stock in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $1,166.73.

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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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