Alphabet Inc (NASDAQ:GOOGL) Shares Bought by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC raised its stake in Alphabet Inc (NASDAQ:GOOGL) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 802 shares of the information services provider’s stock after acquiring an additional 104 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Alphabet were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC raised its holdings in Alphabet by 5.1% during the fourth quarter. Larson Financial Group LLC now owns 145 shares of the information services provider’s stock worth $194,000 after purchasing an additional 7 shares in the last quarter. GenTrust LLC boosted its position in Alphabet by 3.6% during the fourth quarter. GenTrust LLC now owns 204 shares of the information services provider’s stock worth $273,000 after acquiring an additional 7 shares during the last quarter. Round Table Services LLC boosted its position in Alphabet by 0.9% during the fourth quarter. Round Table Services LLC now owns 799 shares of the information services provider’s stock worth $1,070,000 after acquiring an additional 7 shares during the last quarter. Trust Co. of Oklahoma boosted its position in Alphabet by 0.3% during the fourth quarter. Trust Co. of Oklahoma now owns 2,621 shares of the information services provider’s stock worth $3,511,000 after acquiring an additional 7 shares during the last quarter. Finally, Capital Financial Planning LLC boosted its position in Alphabet by 2.2% during the fourth quarter. Capital Financial Planning LLC now owns 319 shares of the information services provider’s stock worth $427,000 after acquiring an additional 7 shares during the last quarter. Institutional investors and hedge funds own 33.93% of the company’s stock.

GOOGL stock opened at $1,513.39 on Friday. The company has a quick ratio of 3.35, a current ratio of 3.37 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1,049.74 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 1.69 and a beta of 1.02. Alphabet Inc has a 12 month low of $1,027.03 and a 12 month high of $1,529.88. The firm has a 50 day moving average of $1,431.80 and a two-hundred day moving average of $1,296.03.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Monday, February 3rd. The information services provider reported $15.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $12.76 by $2.59. The company had revenue of $37.57 billion during the quarter, compared to the consensus estimate of $38.44 billion. Alphabet had a net margin of 21.22% and a return on equity of 18.66%. During the same period in the previous year, the firm posted $12.77 earnings per share. On average, research analysts expect that Alphabet Inc will post 54.5 EPS for the current fiscal year.

A number of equities analysts have weighed in on GOOGL shares. Loop Capital lifted their price target on shares of Alphabet to $1,450.00 and gave the company a “hold” rating in a report on Monday, November 11th. They noted that the move was a valuation call. Mizuho reissued a “buy” rating and issued a $1,650.00 target price (up previously from $1,450.00) on shares of Alphabet in a research note on Monday, January 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $1,525.00 price target on shares of Alphabet in a research note on Friday, January 24th. Guggenheim dropped their price target on shares of Alphabet from $1,525.00 to $1,460.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Finally, Evercore ISI reissued a “positive” rating and issued a $1,600.00 target price (up previously from $1,350.00) on shares of Alphabet in a research report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and forty have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $1,521.84.

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: Growth Stocks

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.