Alphabet Inc (NASDAQ:GOOGL) Shares Purchased by Western Wealth Management LLC

Share on StockTwits

Western Wealth Management LLC raised its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 30.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,017 shares of the information services provider’s stock after purchasing an additional 707 shares during the quarter. Western Wealth Management LLC’s holdings in Alphabet were worth $4,003,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in Alphabet by 5.1% in the 4th quarter. Larson Financial Group LLC now owns 145 shares of the information services provider’s stock worth $194,000 after buying an additional 7 shares in the last quarter. GenTrust LLC grew its holdings in Alphabet by 3.6% in the 4th quarter. GenTrust LLC now owns 204 shares of the information services provider’s stock worth $273,000 after buying an additional 7 shares in the last quarter. Round Table Services LLC grew its holdings in Alphabet by 0.9% in the 4th quarter. Round Table Services LLC now owns 799 shares of the information services provider’s stock worth $1,070,000 after buying an additional 7 shares in the last quarter. Trust Co. of Oklahoma grew its holdings in Alphabet by 0.3% in the 4th quarter. Trust Co. of Oklahoma now owns 2,621 shares of the information services provider’s stock worth $3,511,000 after buying an additional 7 shares in the last quarter. Finally, Capital Financial Planning LLC grew its holdings in Alphabet by 2.2% in the 4th quarter. Capital Financial Planning LLC now owns 319 shares of the information services provider’s stock worth $427,000 after buying an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 33.33% of the company’s stock.

A number of brokerages recently issued reports on GOOGL. UBS Group increased their price objective on Alphabet from $1,460.00 to $1,675.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Piper Jaffray Companies began coverage on Alphabet in a research note on Tuesday, December 3rd. They set an “overweight” rating and a $1,500.00 price target for the company. Tigress Financial reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, November 22nd. Sanford C. Bernstein began coverage on Alphabet in a research note on Friday, January 10th. They set an “outperform” rating and a $1,600.00 price target for the company. Finally, Bank of America reaffirmed a “buy” rating and set a $1,620.00 price target on shares of Alphabet in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and forty have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1,523.89.

Shares of NASDAQ:GOOGL traded up $24.30 on Friday, reaching $1,339.25. 4,008,587 shares of the company traded hands, compared to its average volume of 1,881,456. Alphabet Inc has a fifty-two week low of $1,027.03 and a fifty-two week high of $1,530.74. The company’s 50 day moving average is $1,465.24 and its 200-day moving average is $1,315.87. The stock has a market capitalization of $920.44 billion, a PE ratio of 27.23, a P/E/G ratio of 1.55 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 3.35.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, February 3rd. The information services provider reported $15.35 EPS for the quarter, beating analysts’ consensus estimates of $12.76 by $2.59. Alphabet had a return on equity of 18.66% and a net margin of 21.22%. The company had revenue of $37.57 billion during the quarter, compared to the consensus estimate of $38.44 billion. During the same quarter in the prior year, the firm earned $12.77 EPS. As a group, analysts expect that Alphabet Inc will post 54.54 EPS for the current year.

Alphabet Company Profile

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.

Further Reading: What is the Dividend Aristocrat Index?

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOGL).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.