Starfire Investment Advisers Inc. continued to hold its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 717 shares of the information services provider’s stock at the end of the first quarter. Starfire Investment Advisers Inc.’s holdings in Alphabet were worth $603,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of GOOGL. Ancora Advisors LLC raised its stake in shares of Alphabet by 261.6% in the fourth quarter. Ancora Advisors LLC now owns 3,913 shares of the information services provider’s stock worth $3,101,000 after buying an additional 2,831 shares during the period. Koch Industries Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth about $227,000. Chescapmanager LLC acquired a new stake in shares of Alphabet during the fourth quarter worth about $9,509,000. JW Asset Management LLC raised its stake in shares of Alphabet by 40.0% in the fourth quarter. JW Asset Management LLC now owns 10,500 shares of the information services provider’s stock worth $8,321,000 after buying an additional 3,000 shares during the period. Finally, Advisory Research Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth about $365,000. Hedge funds and other institutional investors own 34.72% of the company’s stock.
Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.97% during mid-day trading on Friday, reaching $986.09. The company’s stock had a trading volume of 1,563,985 shares. The company has a 50 day moving average of $969.93 and a 200-day moving average of $872.59. The firm has a market capitalization of $682.13 billion, a P/E ratio of 33.32 and a beta of 0.96. Alphabet Inc. has a 12 month low of $672.66 and a 12 month high of $1,008.61.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, April 27th. The information services provider reported $7.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $7.24 by $0.49. The company had revenue of $20.12 billion for the quarter, compared to the consensus estimate of $19.65 billion. Alphabet had a return on equity of 15.16% and a net margin of 21.84%. During the same quarter in the prior year, the business posted $7.50 EPS. Equities research analysts forecast that Alphabet Inc. will post $33.98 EPS for the current year.
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A number of equities analysts have recently commented on the company. B. Riley reissued a “buy” rating and set a $1,032.00 price objective on shares of Alphabet in a research report on Friday, April 28th. Mizuho assumed coverage on Alphabet in a research report on Saturday, March 11th. They set a “buy” rating and a $1,024.00 price objective for the company. Zacks Investment Research downgraded Alphabet from a “buy” rating to a “hold” rating in a report on Monday, April 17th. Goldman Sachs Group, Inc. (The) lowered their price target on Alphabet from $1,100.00 to $970.00 and set a “buy” rating for the company in a report on Friday, April 28th. Finally, FBN Securities lowered their price target on Alphabet from $1,050.00 to $1,025.00 and set an “outperform” rating for the company in a report on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and forty have issued a buy rating to the company. Alphabet currently has a consensus rating of “Buy” and an average target price of $1,011.53.
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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