Banco de Sabadell S.A grew its stake in Alphabet Inc (NASDAQ:GOOGL) by 14.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,808 shares of the information services provider’s stock after purchasing an additional 1,238 shares during the period. Alphabet accounts for 1.3% of Banco de Sabadell S.A’s portfolio, making the stock its 14th biggest position. Banco de Sabadell S.A’s holdings in Alphabet were worth $11,835,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Parkside Investments LLC acquired a new stake in Alphabet during the 3rd quarter worth $124,000. ELM Advisors LLC acquired a new stake in Alphabet during the 3rd quarter worth $128,000. Marino Stram & Associates LLC boosted its stake in Alphabet by 47.7% during the 2nd quarter. Marino Stram & Associates LLC now owns 161 shares of the information services provider’s stock worth $182,000 after purchasing an additional 52 shares during the period. Clearwater Capital Advisors LLC acquired a new stake in shares of Alphabet in the 3rd quarter worth $200,000. Finally, Garland Capital Management Inc. acquired a new stake in shares of Alphabet in the 3rd quarter worth $200,000. Institutional investors and hedge funds own 42.53% of the company’s stock.
Several analysts have recently commented on the stock. Needham & Company LLC assumed coverage on shares of Alphabet in a research note on Monday, March 4th. They issued a “buy” rating and a $1,153.42 target price for the company. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. Nomura restated an “outperform” rating on shares of Alphabet in a research note on Wednesday, February 6th. William Blair restated an “outperform” rating on shares of Alphabet in a research note on Tuesday, February 5th. Finally, Wells Fargo & Co set a $1,300.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research note on Tuesday, February 5th. Three investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $1,314.86.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping analysts’ consensus estimates of $11.08 by $1.69. The business had revenue of $31.84 billion during the quarter, compared to the consensus estimate of $31.28 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. During the same period in the previous year, the firm posted $9.70 earnings per share. On average, research analysts forecast that Alphabet Inc will post 47.38 EPS for the current year.
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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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