Alphabet Inc (NASDAQ:GOOGL) Shares Bought by Cidel Asset Management Inc.

Cidel Asset Management Inc. boosted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 10.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 796 shares of the information services provider’s stock after acquiring an additional 75 shares during the period. Cidel Asset Management Inc.’s holdings in Alphabet were worth $1,066,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Profund Advisors LLC boosted its stake in Alphabet by 2.5% during the fourth quarter. Profund Advisors LLC now owns 29,988 shares of the information services provider’s stock worth $40,166,000 after buying an additional 723 shares during the period. Fort Pitt Capital Group LLC boosted its stake in Alphabet by 4.2% during the fourth quarter. Fort Pitt Capital Group LLC now owns 1,208 shares of the information services provider’s stock worth $1,618,000 after buying an additional 49 shares during the period. Intact Investment Management Inc. boosted its stake in Alphabet by 87.5% during the fourth quarter. Intact Investment Management Inc. now owns 3,000 shares of the information services provider’s stock worth $4,013,000 after buying an additional 1,400 shares during the period. Bridges Investment Management Inc. boosted its stake in Alphabet by 2.9% during the fourth quarter. Bridges Investment Management Inc. now owns 54,299 shares of the information services provider’s stock worth $72,727,000 after buying an additional 1,551 shares during the period. Finally, Great Lakes Retirement Inc. purchased a new position in Alphabet during the fourth quarter worth about $982,000. Institutional investors own 35.06% of the company’s stock.

GOOGL has been the topic of several research reports. SunTrust Banks increased their price target on shares of Alphabet to $1,600.00 and gave the stock a “positive” rating in a research report on Tuesday, February 4th. They noted that the move was a valuation call. Wedbush reissued a “buy” rating and set a $1,625.00 price target (up previously from $1,500.00) on shares of Alphabet in a research report on Thursday, January 30th. KeyCorp reissued a “buy” rating and set a $1,769.00 price target on shares of Alphabet in a research report on Tuesday, February 4th. Citigroup increased their price target on shares of Alphabet from $1,500.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Canaccord Genuity raised shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $1,520.91.

NASDAQ:GOOGL traded down $5.01 during midday trading on Wednesday, reaching $1,125.00. The stock had a trading volume of 2,420,361 shares, compared to its average volume of 3,475,237. The firm has a fifty day simple moving average of $1,347.41 and a two-hundred day simple moving average of $1,320.48. Alphabet Inc has a 12-month low of $1,008.87 and a 12-month high of $1,530.74. 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 stock has a market cap of $760.28 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.26 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, February 3rd. The information services provider reported $15.35 EPS for the quarter, beating analysts’ consensus estimates of $12.76 by $2.59. Alphabet had a return on equity of 18.66% and a net margin of 21.22%. The company had revenue of $37.57 billion during the quarter, compared to the consensus estimate of $38.44 billion. During the same quarter last year, the company earned $12.77 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc will post 52.67 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.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

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.