Robeco Institutional Asset Management B.V. increased its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 8.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,481 shares of the information services provider’s stock after purchasing an additional 20,261 shares during the period. Alphabet makes up 1.2% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 8th biggest position. Robeco Institutional Asset Management B.V.’s holdings in Alphabet were worth $326,634,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in GOOGL. Litman Gregory Asset Management LLC bought a new stake in shares of Alphabet during the 2nd quarter worth $37,000. Lipe & Dalton bought a new stake in shares of Alphabet during the 2nd quarter worth $49,000. Johnson Financial Group Inc. lifted its position in shares of Alphabet by 26.3% during the 2nd quarter. Johnson Financial Group Inc. now owns 48 shares of the information services provider’s stock worth $52,000 after buying an additional 10 shares during the last quarter. Vista Private Wealth Partners. LLC bought a new stake in shares of Alphabet during the 3rd quarter worth $60,000. Finally, Smart Money Group LLC bought a new stake in shares of Alphabet during the 2nd quarter worth $61,000. Institutional investors and hedge funds own 33.56% of the company’s stock.
NASDAQ:GOOGL traded up $2.06 on Friday, hitting $1,309.00. The stock had a trading volume of 1,519,600 shares, compared to its average volume of 1,555,468. Alphabet Inc has a 52 week low of $977.66 and a 52 week high of $1,322.65. The business’s fifty day moving average is $1,241.32 and its 200 day moving average is $1,181.32. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07. The company has a market cap of $895.48 billion, a PE ratio of 27.55, a P/E/G ratio of 1.58 and a beta of 1.01.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing the consensus estimate of $12.42 by ($2.30). The company had revenue of $33.01 billion during the quarter, compared to analysts’ expectations of $32.84 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. During the same quarter in the previous year, the company earned $13.06 EPS. Equities analysts predict that Alphabet Inc will post 49.05 earnings per share for the current fiscal year.
A number of brokerages have issued reports on GOOGL. JMP Securities upped their target price on Alphabet to $1,450.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Canaccord Genuity upped their target price on Alphabet from $1,350.00 to $1,450.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,322.00 target price for the company in a report on Friday, October 25th. Macquarie set a $1,300.00 price target on Alphabet and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, FBN Securities set a $1,400.00 price target on Alphabet and gave the company a “buy” rating in a research note on Friday, July 26th. Seven analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $1,406.25.
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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