Blue Fin Capital Inc. increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,388 shares of the information services provider’s stock after buying an additional 89 shares during the period. Alphabet accounts for approximately 3.8% of Blue Fin Capital Inc.’s investment portfolio, making the stock its 5th biggest holding. Blue Fin Capital Inc.’s holdings in Alphabet were worth $11,112,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of GOOGL. Baltimore Washington Financial Advisors Inc. increased its stake in Alphabet by 5.7% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 3,549 shares of the information services provider’s stock valued at $6,221,000 after purchasing an additional 190 shares in the last quarter. Joel Isaacson & Co. LLC grew its holdings in shares of Alphabet by 1.6% during the first quarter. Joel Isaacson & Co. LLC now owns 22,464 shares of the information services provider’s stock valued at $46,332,000 after buying an additional 345 shares during the last quarter. SeaTown Holdings Pte. Ltd. increased its position in shares of Alphabet by 99.0% during the first quarter. SeaTown Holdings Pte. Ltd. now owns 59,300 shares of the information services provider’s stock worth $122,307,000 after acquiring an additional 29,500 shares in the last quarter. Cypress Wealth Services LLC raised its holdings in shares of Alphabet by 4.8% in the 1st quarter. Cypress Wealth Services LLC now owns 1,199 shares of the information services provider’s stock worth $2,473,000 after acquiring an additional 55 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its position in Alphabet by 8.9% in the 4th quarter. Kathmere Capital Management LLC now owns 172 shares of the information services provider’s stock valued at $301,000 after acquiring an additional 14 shares in the last quarter. 33.79% of the stock is owned by institutional investors and hedge funds.
GOOGL has been the topic of a number of recent research reports. Stifel Nicolaus upgraded Alphabet from a “hold” rating to a “buy” rating and raised their target price for the company from $2,025.00 to $2,350.00 in a report on Monday, March 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 3rd. Citigroup downgraded Alphabet from a “buy” rating to a “neutral” rating in a research note on Monday, May 10th. The Goldman Sachs Group increased their price target on Alphabet from $2,250.00 to $2,550.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Finally, Wells Fargo & Company boosted their price objective on Alphabet from $2,650.00 to $2,850.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 4th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $2,504.76.
Alphabet (NASDAQ:GOOGL) last posted its earnings results on Monday, April 26th. The information services provider reported $26.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $15.82 by $10.47. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. During the same quarter last year, the company earned $9.87 earnings per share. As a group, analysts anticipate that Alphabet Inc. will post 52.19 EPS for the current year.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.
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