Court Place Advisors LLC Buys 65 Shares of Alphabet Inc (NASDAQ:GOOGL)

Court Place Advisors LLC grew its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 7.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 933 shares of the information services provider’s stock after buying an additional 65 shares during the period. Court Place Advisors LLC’s holdings in Alphabet were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in GOOGL. Clearwater Capital Advisors LLC increased its stake in Alphabet by 23.5% during the fourth quarter. Clearwater Capital Advisors LLC now owns 205 shares of the information services provider’s stock valued at $214,000 after acquiring an additional 39 shares during the period. Inspirion Wealth Advisors LLC boosted its holdings in Alphabet by 26.5% during the fourth quarter. Inspirion Wealth Advisors LLC now owns 239 shares of the information services provider’s stock valued at $250,000 after purchasing an additional 50 shares in the last quarter. Boenning & Scattergood Inc. boosted its holdings in Alphabet by 11.3% during the fourth quarter. Boenning & Scattergood Inc. now owns 1,166 shares of the information services provider’s stock valued at $1,218,000 after purchasing an additional 118 shares in the last quarter. Suffolk Capital Management LLC boosted its holdings in Alphabet by 0.5% during the fourth quarter. Suffolk Capital Management LLC now owns 2,887 shares of the information services provider’s stock valued at $3,017,000 after purchasing an additional 15 shares in the last quarter. Finally, Kanawha Capital Management LLC boosted its holdings in Alphabet by 3.7% during the fourth quarter. Kanawha Capital Management LLC now owns 5,959 shares of the information services provider’s stock valued at $6,227,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 33.96% of the company’s stock.

Shares of GOOGL opened at $1,196.73 on Wednesday. The firm has a market cap of $824.38 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.31 and a beta of 0.97. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. Alphabet Inc has a one year low of $977.66 and a one year high of $1,296.97. The stock has a 50 day simple moving average of $1,154.57.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping the consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The firm had revenue of $31.71 billion during the quarter, compared to analysts’ expectations of $30.90 billion. Sell-side analysts anticipate that Alphabet Inc will post 51.94 EPS for the current fiscal year.

A number of equities research analysts have weighed in on GOOGL shares. KeyCorp reaffirmed an “overweight” rating and set a $1,516.00 price objective (up from $1,430.00) on shares of Alphabet in a report on Friday, July 26th. Macquarie set a $1,300.00 price objective on Alphabet and gave the company a “buy” rating in a report on Friday, July 26th. Raymond James set a $1,360.00 price objective on Alphabet and gave the company a “buy” rating in a report on Friday, July 26th. SunTrust Banks reaffirmed a “buy” rating and set a $1,325.00 price objective on shares of Alphabet in a report on Monday, July 22nd. Finally, Nomura reaffirmed a “buy” rating and set a $1,400.00 price objective (up from $1,300.00) on shares of Alphabet in a report on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $1,371.05.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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