Ackerman Capital Advisors LLC Boosts Holdings in Alphabet Inc (NASDAQ:GOOGL)

Ackerman Capital Advisors LLC boosted its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 520 shares of the information services provider’s stock after acquiring an additional 20 shares during the period. Ackerman Capital Advisors LLC’s holdings in Alphabet were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Belvedere Advisors LLC purchased a new position in shares of Alphabet in the first quarter worth $38,000. Litman Gregory Asset Management LLC purchased a new position in shares of Alphabet in the second quarter worth $37,000. Thor Advisors LLC purchased a new position in shares of Alphabet in the first quarter worth $45,000. Lipe & Dalton purchased a new position in shares of Alphabet in the second quarter worth $49,000. Finally, Johnson Financial Group Inc. raised its holdings in shares of Alphabet by 26.3% in the second 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. 33.50% of the stock is owned by institutional investors.

A number of research firms have issued reports on GOOGL. KeyCorp reaffirmed an “overweight” rating and issued a $1,516.00 price target (up previously from $1,430.00) on shares of Alphabet in a report on Friday, July 26th. Susquehanna Bancshares raised their price target on shares of Alphabet to $1,550.00 in a report on Friday, July 26th. Bank of America set a $1,450.00 price target on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, September 6th. BMO Capital Markets raised their price target on shares of Alphabet to $1,225.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Finally, Canaccord Genuity raised their price target on shares of Alphabet from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Eight research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,375.78.

Shares of NASDAQ:GOOGL traded up $12.96 during midday trading on Wednesday, reaching $1,203.09. The company’s stock had a trading volume of 71,864 shares, compared to its average volume of 1,570,821. The firm has a market capitalization of $832.27 billion, a PE ratio of 25.35, a P/E/G ratio of 1.42 and a beta of 0.99. Alphabet Inc has a twelve month low of $977.66 and a twelve month high of $1,296.97. The stock has a fifty day moving average of $1,205.66 and a 200 day moving average of $1,174.22. 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 (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $11.49 by $2.72. The company had revenue of $31.71 billion for the quarter, compared to analyst estimates of $30.90 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. Sell-side analysts anticipate that Alphabet Inc will post 51.29 earnings per share for the current fiscal 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.

See Also: Current Ratio

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.