Ashburton Jersey Ltd Purchases Shares of 560 Alphabet Inc (GOOGL)

Ashburton Jersey Ltd purchased a new position in shares of Alphabet Inc (NASDAQ:GOOGL) in the 3rd quarter, HoldingsChannel reports. The firm purchased 560 shares of the information services provider’s stock, valued at approximately $545,000.

Several other large investors also recently made changes to their positions in GOOGL. Novare Capital Management LLC boosted its position in Alphabet by 0.9% during the second quarter. Novare Capital Management LLC now owns 8,590 shares of the information services provider’s stock valued at $7,986,000 after acquiring an additional 80 shares during the last quarter. Camelot Portfolios LLC bought a new stake in Alphabet during the second quarter valued at $211,000. Gardiner Nancy B boosted its position in Alphabet by 5.4% during the third quarter. Gardiner Nancy B now owns 1,450 shares of the information services provider’s stock valued at $1,412,000 after acquiring an additional 74 shares during the last quarter. Country Trust Bank bought a new stake in Alphabet during the second quarter valued at $44,071,000. Finally, Anchor Capital Advisors LLC boosted its position in Alphabet by 3.0% during the second quarter. Anchor Capital Advisors LLC now owns 378 shares of the information services provider’s stock valued at $351,000 after acquiring an additional 11 shares during the last quarter. Institutional investors own 33.61% of the company’s stock.

GOOGL has been the topic of a number of research analyst reports. Pivotal Research reaffirmed a “hold” rating and set a $970.00 price target on shares of Alphabet in a research report on Friday, October 13th. Mizuho reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, October 17th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $1,150.00 price target on shares of Alphabet in a research report on Thursday, October 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $1,150.00 price target (up previously from $1,075.00) on shares of Alphabet in a research report on Tuesday, October 24th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,157.02.

Alphabet Inc (NASDAQ GOOGL) opened at $1,007.71 on Friday. Alphabet Inc has a 1 year low of $824.30 and a 1 year high of $1,198.00. The firm has a market cap of $697,880.00, a PE ratio of 56.11, a P/E/G ratio of 1.12 and a beta of 0.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $10.12 by ($0.42). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The business had revenue of $25.87 billion during the quarter, compared to the consensus estimate of $25.65 billion. equities analysts expect that Alphabet Inc will post 42.51 earnings per share for the current year.

Alphabet declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 1st that allows the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization allows the information services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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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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