Archford Capital Strategies LLC Increases Stock Position in Alphabet Inc (NASDAQ:GOOGL)

Archford Capital Strategies LLC lifted its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,363 shares of the information services provider’s stock after acquiring an additional 8 shares during the period. Archford Capital Strategies LLC’s holdings in Alphabet were worth $1,826,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GOOGL. Pflug Koory LLC boosted its position in shares of Alphabet by 9.7% during the 4th quarter. Pflug Koory LLC now owns 102 shares of the information services provider’s stock worth $137,000 after purchasing an additional 9 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Alphabet by 0.4% during the 4th quarter. Raymond James Trust N.A. now owns 7,341 shares of the information services provider’s stock worth $9,833,000 after purchasing an additional 32 shares in the last quarter. Kistler Tiffany Companies LLC boosted its position in shares of Alphabet by 1.2% during the 4th quarter. Kistler Tiffany Companies LLC now owns 2,284 shares of the information services provider’s stock worth $3,059,000 after purchasing an additional 28 shares in the last quarter. Chicago Capital LLC boosted its position in shares of Alphabet by 23.8% during the 4th quarter. Chicago Capital LLC now owns 31,011 shares of the information services provider’s stock worth $41,536,000 after purchasing an additional 5,964 shares in the last quarter. Finally, 55I LLC boosted its position in shares of Alphabet by 5.1% during the 4th quarter. 55I LLC now owns 208 shares of the information services provider’s stock worth $279,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 33.55% of the company’s stock.

GOOGL stock opened at $1,430.59 on Wednesday. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07. The firm has a market cap of $986.66 billion, a P/E ratio of 30.11, a P/E/G ratio of 1.56 and a beta of 1.01. Alphabet Inc has a 12-month low of $1,027.03 and a 12-month high of $1,442.63. The stock’s 50 day simple moving average is $1,354.07 and its 200 day simple moving average is $1,246.47.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $12.42 by ($2.30). The firm had revenue of $33.01 billion for the quarter, compared to analyst estimates of $32.84 billion. Alphabet had a net margin of 21.04% and a return on equity of 18.34%. During the same period in the prior year, the company posted $13.06 earnings per share. On average, research analysts forecast that Alphabet Inc will post 49.03 EPS for the current fiscal year.

Several research analysts have recently issued reports on GOOGL shares. Pivotal Research reaffirmed a “buy” rating and set a $1,650.00 price target on shares of Alphabet in a research note on Monday, January 6th. Tigress Financial reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, November 22nd. Bank of America reaffirmed a “buy” rating and set a $1,450.00 price target on shares of Alphabet in a research note on Thursday, October 24th. Royal Bank of Canada lifted their price target on Alphabet from $1,425.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. 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 note on Monday. Six analysts have rated the stock with a hold rating and thirty-nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $1,438.05.

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.

Further Reading: Dividend Achievers

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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