Citizens Financial Group Inc RI grew its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 9.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,406 shares of the information services provider’s stock after purchasing an additional 1,413 shares during the period. Alphabet comprises about 1.6% of Citizens Financial Group Inc RI’s holdings, making the stock its 13th largest holding. Citizens Financial Group Inc RI’s holdings in Alphabet were worth $19,063,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of GOOGL. Stephenson National Bank & Trust bought a new stake in shares of Alphabet in the 4th quarter valued at about $27,000. Cox Capital Mgt LLC bought a new stake in shares of Alphabet in the 1st quarter valued at about $27,000. TFO TDC LLC bought a new stake in shares of Alphabet in the 4th quarter valued at about $32,000. BigSur Wealth Management LLC bought a new stake in shares of Alphabet in the 4th quarter valued at about $33,000. Finally, HighMark Wealth Management LLC bought a new stake in shares of Alphabet in the 4th quarter valued at about $34,000. 34.29% of the stock is owned by hedge funds and other institutional investors.
Alphabet stock opened at $1,413.24 on Friday. The company has a quick ratio of 3.64, a current ratio of 3.66 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $960.27 billion, a P/E ratio of 28.52, a PEG ratio of 2.11 and a beta of 1.06. The stock’s 50 day moving average is $1,281.39 and its 200 day moving average is $1,330.33. Alphabet Inc has a twelve month low of $1,008.87 and a twelve month high of $1,530.74.
A number of research firms have recently weighed in on GOOGL. Societe Generale lowered their target price on Alphabet from $1,555.00 to $1,420.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. They noted that the move was a valuation call. SunTrust Banks boosted their target price on Alphabet from $1,350.00 to $1,550.00 and gave the company a “buy” rating in a research note on Friday, April 24th. They noted that the move was a valuation call. Barclays upped their price target on Alphabet from $1,300.00 to $1,400.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Zacks Investment Research raised Alphabet from a “sell” rating to a “hold” rating and set a $1,344.00 price target for the company in a research report on Monday, April 20th. Finally, Aegis upped their price target on Alphabet from $1,425.00 to $1,800.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and forty-three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $1,505.34.
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.
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.