Marietta Wealth Management LLC raised its holdings in Alphabet Inc (NASDAQ:GOOGL) by 17.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,150 shares of the information services provider’s stock after buying an additional 463 shares during the period. Alphabet comprises about 1.6% of Marietta Wealth Management LLC’s holdings, making the stock its 18th largest position. Marietta Wealth Management LLC’s holdings in Alphabet were worth $3,292,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Parker Investment Management LLC increased its position in Alphabet by 1.3% during the third quarter. Parker Investment Management LLC now owns 16,939 shares of the information services provider’s stock worth $20,447,000 after buying an additional 217 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Alphabet by 34.9% during the third quarter. Daiwa Securities Group Inc. now owns 17,632 shares of the information services provider’s stock worth $21,283,000 after buying an additional 4,562 shares during the last quarter. Beaumont Financial Partners LLC increased its position in Alphabet by 1.3% during the third quarter. Beaumont Financial Partners LLC now owns 13,922 shares of the information services provider’s stock worth $16,805,000 after buying an additional 181 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in Alphabet by 1.9% during the third quarter. Stratos Wealth Partners LTD. now owns 9,557 shares of the information services provider’s stock worth $11,536,000 after buying an additional 177 shares during the last quarter. Finally, Commerce Bank increased its position in Alphabet by 1.4% during the third quarter. Commerce Bank now owns 94,560 shares of the information services provider’s stock worth $114,141,000 after buying an additional 1,294 shares during the last quarter. 33.48% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ GOOGL opened at $1,038.74 on Tuesday. The company has a market cap of $768.18 billion, a PE ratio of 21.86, a PEG ratio of 1.31 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.96 and a quick ratio of 3.93. Alphabet Inc has a 1-year low of $977.66 and a 1-year high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $10.56 by $1.34. The company had revenue of $29.48 billion during the quarter, compared to analyst estimates of $29.99 billion. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. During the same quarter last year, the business posted $13.33 earnings per share. Equities analysts predict that Alphabet Inc will post 48.44 earnings per share for the current year.

Several research firms have commented on GOOGL. Zacks Investment Research downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Monday, February 18th. Argus restated a “buy” rating and set a $1,450.00 price target on shares of Alphabet in a report on Wednesday, May 1st. Morgan Stanley decreased their price target on shares of Alphabet from $1,500.00 to $1,425.00 and set an “overweight” rating for the company in a report on Tuesday, April 30th. They noted that the move was a valuation call. Deutsche Bank increased their target price on shares of Alphabet from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Finally, ValuEngine upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $1,327.30.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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