MPS Loria Financial Planners LLC Invests $233,000 in Alphabet Inc (GOOGL) Stock

MPS Loria Financial Planners LLC bought a new position in shares of Alphabet Inc (NASDAQ:GOOGL) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 248 shares of the information services provider’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOGL. Koch Industries Inc. increased its position in shares of Alphabet by 181,219.4% in the 2nd quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock valued at $1,085,000 after purchasing an additional 1,085,504 shares during the last quarter. Harbour Capital Advisors LLC increased its position in shares of Alphabet by 65,026.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock valued at $800,000 after purchasing an additional 742,602 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Alphabet by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after purchasing an additional 662,279 shares during the last quarter. BlackRock Inc. increased its position in shares of Alphabet by 3.1% in the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after purchasing an additional 567,337 shares during the last quarter. Finally, FMR LLC increased its position in shares of Alphabet by 2.1% in the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock valued at $16,406,366,000 after purchasing an additional 367,634 shares during the last quarter. 33.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at $1,072.00 on Friday. Alphabet Inc has a 52 week low of $789.62 and a 52 week high of $1,080.00. The company has a market cap of $741,880.00, a price-to-earnings ratio of 35.20, a PEG ratio of 1.77 and a beta of 0.90. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $21.94 billion. During the same quarter last year, the business earned $9.06 EPS. equities research analysts expect that Alphabet Inc will post 32.34 earnings per share for the current fiscal year.

GOOGL has been the topic of a number of recent analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $1,075.00 price objective on shares of Alphabet in a research report on Monday, September 25th. UBS reissued a “buy” rating and issued a $1,080.00 price objective on shares of Alphabet in a research report on Friday, September 8th. Jefferies Group reissued a “buy” rating and issued a $1,200.00 price objective on shares of Alphabet in a research report on Tuesday, October 10th. They noted that the move was a valuation call. Mizuho reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, October 17th. Finally, Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price objective on the stock. in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $1,089.17.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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