Alphabet Inc (NASDAQ:GOOGL) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC grew its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 4.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,064,338 shares of the information services provider’s stock after purchasing an additional 42,832 shares during the period. Alphabet accounts for 1.5% of Fisher Asset Management LLC’s portfolio, making the stock its 15th biggest position. Fisher Asset Management LLC owned approximately 0.15% of Alphabet worth $1,036,368,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in shares of Alphabet in the 2nd quarter worth about $102,000. Parkside Financial Bank & Trust increased its stake in Alphabet by 39.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after buying an additional 36 shares during the period. Odey Holdings AG increased its stake in Alphabet by 18.2% during the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock valued at $121,000 after buying an additional 20 shares during the period. Farmers National Bank increased its stake in Alphabet by 2.7% during the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after buying an additional 4 shares during the period. Finally, Riggs Asset Managment Co. Inc. increased its stake in Alphabet by 58.3% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after buying an additional 56 shares during the period. 33.55% of the stock is currently owned by institutional investors.

Several research firms have commented on GOOGL. Stifel Nicolaus raised their target price on shares of Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Cowen raised their price objective on shares of Alphabet from $1,150.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. Bank of America restated a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a research report on Tuesday, September 26th. Piper Jaffray Companies restated a “buy” rating and set a $1,150.00 price objective on shares of Alphabet in a research report on Thursday, October 19th. Finally, Citigroup restated a “buy” rating on shares of Alphabet in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $1,100.06.

Shares of Alphabet Inc (GOOGL) traded up $18.60 on Friday, reaching $1,130.65. 1,923,600 shares of the company traded hands, compared to its average volume of 1,520,000. Alphabet Inc has a 52-week low of $812.05 and a 52-week high of $1,131.30. The company has a market capitalization of $783,260.00, a price-to-earnings ratio of 37.66, a PEG ratio of 1.45 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Zacks’ consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same quarter last year, the firm posted $9.06 earnings per share. research analysts expect that Alphabet Inc will post 32.34 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Alphabet Inc (NASDAQ:GOOGL) Shares Bought by Fisher Asset Management LLC” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://ledgergazette.com/2018/01/13/alphabet-inc-googl-position-raised-by-fisher-asset-management-llc.html.

Alphabet Company 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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply