ETRADE Capital Management LLC grew its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 4.2% in the 3rd quarter, Holdings Channel reports. The fund owned 5,146 shares of the information services provider’s stock after acquiring an additional 206 shares during the period. ETRADE Capital Management LLC’s holdings in Alphabet were worth $5,011,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in shares of Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after buying an additional 36 shares during the period. Odey Holdings AG boosted its position in shares of Alphabet by 18.2% in the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after buying an additional 20 shares during the period. Stelac Advisory Services LLC purchased a new stake in shares of Alphabet in the third quarter worth about $126,000. Lloyds Banking Group plc purchased a new stake in shares of Alphabet in the second quarter worth about $133,000. Finally, Farmers National Bank boosted its position in shares of Alphabet by 3.3% in the second quarter. Farmers National Bank now owns 155 shares of the information services provider’s stock worth $144,000 after buying an additional 5 shares during the period. Institutional investors own 33.61% of the company’s stock.

Shares of Alphabet Inc (GOOGL) opened at $1,046.27 on Friday. The company has a current ratio of 5.14, a quick ratio of 5.11 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $700,157.94, a P/E ratio of 58.26, a PEG ratio of 1.04 and a beta of 0.94. Alphabet Inc has a 1 year low of $824.30 and a 1 year high of $1,198.00.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing analysts’ consensus estimates of $10.12 by ($0.42). The company had revenue of $25.87 billion for the quarter, compared to analyst estimates of $25.65 billion. Alphabet had a return on equity of 14.94% and a net margin of 11.42%. research analysts predict that Alphabet Inc will post 42.51 earnings per share for the current fiscal year.

Alphabet announced that its Board of Directors has authorized a share repurchase program on Thursday, February 1st that authorizes the company to buyback $8.59 billion in outstanding shares. This buyback authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

GOOGL has been the subject of a number of analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $1,100.00 price target on shares of Alphabet in a report on Tuesday, October 24th. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,199.00 price target for the company in a report on Tuesday, December 26th. SunTrust Banks reduced their price target on Alphabet from $1,250.00 to $1,180.00 in a report on Monday, January 15th. Cowen increased their price target on Alphabet from $1,150.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, January 4th. Finally, Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,055.90 price target for the company in a report on Monday, December 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. Alphabet has an average rating of “Buy” and an average price target of $1,157.02.

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Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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