Schneider Downs Wealth Management Advisors LP grew its stake in Alphabet Inc (NASDAQ:GOOGL) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 314 shares of the information services provider’s stock after purchasing an additional 23 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in Alphabet were worth $460,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Strategic Investment Advisors MI increased its stake in shares of Alphabet by 14.9% during the third quarter. Strategic Investment Advisors MI now owns 439 shares of the information services provider’s stock worth $661,000 after purchasing an additional 57 shares during the period. Epstein & White Financial LLC acquired a new position in Alphabet in the 3rd quarter valued at $314,000. CRA Financial Services LLC increased its position in Alphabet by 1.0% during the 3rd quarter. CRA Financial Services LLC now owns 2,921 shares of the information services provider’s stock worth $4,281,000 after buying an additional 30 shares during the period. Newman Dignan & Sheerar Inc. lifted its holdings in shares of Alphabet by 2.1% during the third quarter. Newman Dignan & Sheerar Inc. now owns 3,316 shares of the information services provider’s stock worth $4,860,000 after buying an additional 67 shares in the last quarter. Finally, Martin Investment Management LLC boosted its position in shares of Alphabet by 9.6% in the third quarter. Martin Investment Management LLC now owns 4,948 shares of the information services provider’s stock valued at $7,252,000 after acquiring an additional 432 shares during the period. Institutional investors own 33.78% of the company’s stock.

Shares of NASDAQ:GOOGL opened at $1,567.70 on Friday. The firm has a market cap of $1,066.29 billion, a P/E ratio of 34.48, a P/E/G ratio of 2.14 and a beta of 1.10. Alphabet Inc has a 12-month low of $1,008.87 and a 12-month high of $1,726.10. The business has a fifty day simple moving average of $1,519.73 and a 200 day simple moving average of $1,433.08. The company has a quick ratio of 3.40, a current ratio of 3.41 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, July 30th. The information services provider reported $10.13 earnings per share for the quarter, beating the consensus estimate of $8.43 by $1.70. The company had revenue of $31.60 billion during the quarter, compared to analysts’ expectations of $30.58 billion. Alphabet had a return on equity of 15.62% and a net margin of 18.99%. As a group, equities research analysts expect that Alphabet Inc will post 44.87 EPS for the current year.

A number of research analysts have issued reports on the stock. Moffett Nathanson increased their target price on shares of Alphabet from $1,650.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Tuesday, September 29th. Monness Crespi & Hardt increased their price target on Alphabet from $1,420.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Mizuho raised their price objective on Alphabet from $1,650.00 to $1,750.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Tigress Financial reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, August 25th. Finally, Jefferies Financial Group upgraded Alphabet to a “buy” rating in a research report on Monday, July 13th. Four investment analysts have rated the stock with a hold rating and forty-two have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $1,679.91.

About Alphabet

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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