Oakmont Corp Makes New $202,000 Investment in Alphabet Inc. (NASDAQ:GOOGL)

Oakmont Corp acquired a new position in Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, HoldingsChannel reports. The fund acquired 115 shares of the information services provider’s stock, valued at approximately $202,000. Alphabet accounts for approximately 0.0% of Oakmont Corp’s holdings, making the stock its 28th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in GOOGL. Corundum Group Inc. increased its stake in Alphabet by 3.0% in the fourth quarter. Corundum Group Inc. now owns 174 shares of the information services provider’s stock valued at $305,000 after purchasing an additional 5 shares during the last quarter. McIlrath & Eck LLC increased its stake in Alphabet by 1.0% in the third quarter. McIlrath & Eck LLC now owns 623 shares of the information services provider’s stock valued at $913,000 after purchasing an additional 6 shares during the last quarter. Family Firm Inc. increased its stake in Alphabet by 1.9% in the fourth quarter. Family Firm Inc. now owns 319 shares of the information services provider’s stock valued at $551,000 after purchasing an additional 6 shares during the last quarter. Aries Wealth Management increased its stake in Alphabet by 0.5% in the fourth quarter. Aries Wealth Management now owns 1,196 shares of the information services provider’s stock valued at $2,150,000 after purchasing an additional 6 shares during the last quarter. Finally, Manchester Financial Inc. increased its stake in Alphabet by 4.1% in the fourth quarter. Manchester Financial Inc. now owns 153 shares of the information services provider’s stock valued at $268,000 after purchasing an additional 6 shares during the last quarter. Institutional investors and hedge funds own 33.79% of the company’s stock.

GOOGL has been the subject of several research analyst reports. Needham & Company LLC upped their price target on Alphabet from $1,800.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. They noted that the move was a valuation call. Raymond James upped their price target on Alphabet from $1,800.00 to $2,440.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 3rd. Monness Crespi & Hardt upped their price target on Alphabet from $2,000.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. Mizuho upped their price target on Alphabet from $2,100.00 to $2,350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. Finally, Loop Capital upgraded Alphabet from a “hold” rating to a “buy” rating and set a $2,525.00 price target for the company in a research note on Tuesday, February 16th. Three analysts have rated the stock with a hold rating and forty have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $2,059.56.

GOOGL opened at $2,054.26 on Tuesday. Alphabet Inc. has a 12 month low of $1,008.87 and a 12 month high of $2,145.14. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.41 and a quick ratio of 3.39. The stock has a market cap of $1.38 trillion, a P/E ratio of 39.70, a P/E/G ratio of 1.65 and a beta of 0.99. The stock’s 50 day moving average price is $1,913.73 and its 200 day moving average price is $1,700.78.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, February 1st. The information services provider reported $22.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $15.90 by $6.40. The firm had revenue of $46.43 billion during the quarter, compared to analyst estimates of $44.09 billion. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. During the same period last year, the company posted $15.35 EPS. Equities analysts anticipate that Alphabet Inc. will post 52.19 EPS for the current year.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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