Alphabet Inc (NASDAQ:GOOGL) Stake Increased by Osborn Williams & Donohoe LLC

Osborn Williams & Donohoe LLC grew its holdings in Alphabet Inc (NASDAQ:GOOGL) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,778 shares of the information services provider’s stock after purchasing an additional 141 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Alphabet were worth $5,834,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Litman Gregory Asset Management LLC purchased a new stake in shares of Alphabet during the second quarter worth $37,000. Lipe & Dalton purchased a new stake in shares of Alphabet during the second quarter worth $49,000. Johnson Financial Group Inc. raised its holdings in shares of Alphabet by 26.3% during the second quarter. Johnson Financial Group Inc. now owns 48 shares of the information services provider’s stock worth $52,000 after acquiring an additional 10 shares in the last quarter. Smart Money Group LLC purchased a new stake in shares of Alphabet during the second quarter worth $61,000. Finally, JJJ Advisors Inc. raised its holdings in shares of Alphabet by 204.8% during the second quarter. JJJ Advisors Inc. now owns 64 shares of the information services provider’s stock worth $69,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 33.52% of the company’s stock.

Shares of NASDAQ:GOOGL traded down $9.78 during midday trading on Friday, hitting $1,244.07. The company’s stock had a trading volume of 818,911 shares, compared to its average volume of 1,232,002. The stock has a market capitalization of $863.18 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 1.46 and a beta of 0.99. The stock’s 50 day simple moving average is $1,214.64 and its 200 day simple moving average is $1,175.51. Alphabet Inc has a fifty-two week low of $977.66 and a fifty-two week high of $1,296.97. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The company had revenue of $31.71 billion for the quarter, compared to the consensus estimate of $30.90 billion. As a group, analysts anticipate that Alphabet Inc will post 51.22 EPS for the current year.

GOOGL has been the subject of several recent research reports. Stifel Nicolaus reiterated a “hold” rating and set a $1,287.00 price objective on shares of Alphabet in a report on Tuesday, July 23rd. Zacks Investment Research upgraded Alphabet from a “sell” rating to a “hold” rating and set a $1,189.00 price objective for the company in a report on Monday, July 8th. Nomura reiterated 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. FBN Securities set a $1,400.00 price objective on Alphabet and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Moffett Nathanson cut their price objective on Alphabet from $1,290.00 to $1,250.00 and set a “buy” rating for the company in a report on Monday, June 24th. Eight analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $1,375.78.

About Alphabet

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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