Northwest Quadrant Wealth Management LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 422 shares of the information services provider’s stock after buying an additional 20 shares during the period. Alphabet comprises 0.2% of Northwest Quadrant Wealth Management LLC’s investment portfolio, making the stock its 21st largest position. Northwest Quadrant Wealth Management LLC’s holdings in Alphabet were worth $733,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its stake in Alphabet by 4.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,045,817 shares of the information services provider’s stock worth $4,463,950,000 after purchasing an additional 119,613 shares during the last quarter. Morgan Stanley grew its stake in shares of Alphabet by 2.4% during the third quarter. Morgan Stanley now owns 2,573,943 shares of the information services provider’s stock valued at $3,772,374,000 after buying an additional 59,412 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Alphabet by 653.0% in the third quarter. Great West Life Assurance Co. Can now owns 2,253,084 shares of the information services provider’s stock worth $441,442,000 after buying an additional 1,953,887 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Alphabet by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 1,582,348 shares of the information services provider’s stock valued at $2,319,090,000 after acquiring an additional 50,208 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Alphabet by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,425,412 shares of the information services provider’s stock valued at $2,089,084,000 after acquiring an additional 11,198 shares during the period. Institutional investors own 33.79% of the company’s stock.
Alphabet stock opened at $1,892.56 on Friday. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.28 trillion, a P/E ratio of 36.57, a PEG ratio of 1.65 and a beta of 0.99. The stock’s 50 day moving average is $1,762.03 and its 200 day moving average is $1,624.84. Alphabet Inc. has a twelve month low of $1,008.87 and a twelve month high of $1,932.08.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, November 3rd. The information services provider reported $16.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $11.35 by $5.05. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. The business had revenue of $38.01 billion during the quarter, compared to analysts’ expectations of $35.36 billion. As a group, equities analysts expect that Alphabet Inc. will post 52.19 EPS for the current year.
GOOGL has been the subject of several recent research reports. Piper Sandler started coverage on Alphabet in a research report on Thursday. They issued an “overweight” rating and a $2,056.00 price objective for the company. Truist upped their price target on shares of Alphabet from $1,850.00 to $2,000.00 in a report on Friday, October 30th. Argus boosted their price objective on shares of Alphabet from $1,620.00 to $1,850.00 and gave the company a “buy” rating in a research report on Monday, November 2nd. Credit Suisse Group increased their target price on shares of Alphabet from $1,850.00 to $1,950.00 and gave the stock an “outperform” rating in a report on Friday, October 30th. Finally, Pivotal Research boosted their price target on Alphabet from $1,725.00 to $2,000.00 in a report on Friday, October 30th. Three analysts have rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $1,831.72.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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