Gilman Hill Asset Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 18.1% during the 1st quarter, HoldingsChannel reports. The firm owned 457 shares of the information services provider’s stock after purchasing an additional 70 shares during the period. Gilman Hill Asset Management LLC’s holdings in Alphabet were worth $943,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. lifted its position in shares of Alphabet by 44,364.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 7,551,846 shares of the information services provider’s stock worth $25,169,000 after purchasing an additional 7,534,862 shares in the last quarter. Norges Bank bought a new position in shares of Alphabet in the 4th quarter valued at about $9,523,211,000. Morgan Stanley increased its holdings in shares of Alphabet by 27.1% in the fourth quarter. Morgan Stanley now owns 3,271,179 shares of the information services provider’s stock valued at $5,733,202,000 after purchasing an additional 697,236 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Alphabet by 6.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,183,875 shares of the information services provider’s stock valued at $12,590,747,000 after purchasing an additional 447,141 shares during the period. Finally, Viking Global Investors LP lifted its stake in shares of Alphabet by 222.9% during the 4th quarter. Viking Global Investors LP now owns 619,791 shares of the information services provider’s stock worth $1,086,270,000 after buying an additional 427,842 shares during the last quarter. Institutional investors own 33.79% of the company’s stock.

Several research firms have weighed in on GOOGL. UBS Group increased their price target on shares of Alphabet from $2,050.00 to $2,300.00 and gave the company a “buy” rating in a report on Wednesday, February 3rd. Evercore ISI lifted their price target on Alphabet from $1,875.00 to $2,400.00 and gave the stock an “outperform” rating in a report on Wednesday, February 3rd. Moffett Nathanson raised their price target on Alphabet from $1,900.00 to $2,100.00 in a research report on Friday, January 15th. Wedbush reaffirmed an “outperform” rating and set a $2,953.00 price objective (up previously from $2,470.00) on shares of Alphabet in a research report on Tuesday. Finally, Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $2,330.00 target price for the company in a research report on Tuesday, April 6th. One analyst has rated the stock with a hold rating and forty-one have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $2,164.00.

Shares of GOOGL stock opened at $2,279.01 on Wednesday. The company has a current ratio of 3.41, a quick ratio of 3.39 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $2,118.14 and a two-hundred day simple moving average of $1,865.80. Alphabet Inc. has a 12 month low of $1,205.00 and a 12 month high of $2,304.09. The firm has a market capitalization of $1.54 trillion, a PE ratio of 44.04, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Monday, February 1st. The information services provider reported $22.30 EPS for the quarter, topping the consensus estimate of $15.90 by $6.40. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. The company had revenue of $46.43 billion during the quarter, compared to the consensus estimate of $44.09 billion. During the same period in the previous year, the firm posted $15.35 earnings per share. On average, equities analysts predict that Alphabet Inc. will post 52.19 earnings per share for the current fiscal year.

About Alphabet

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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