Donald L. Hagan LLC Has $557,000 Stock Holdings in Alphabet Inc (NASDAQ:GOOGL)

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Donald L. Hagan LLC boosted its position in Alphabet Inc (NASDAQ:GOOGL) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 380 shares of the information services provider’s stock after buying an additional 14 shares during the quarter. Donald L. Hagan LLC’s holdings in Alphabet were worth $557,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Lido Advisors LLC raised its position in Alphabet by 4.1% in the 2nd quarter. Lido Advisors LLC now owns 10,045 shares of the information services provider’s stock valued at $14,245,000 after buying an additional 395 shares during the last quarter. AE Wealth Management LLC raised its position in Alphabet by 78.3% in the 2nd quarter. AE Wealth Management LLC now owns 12,543 shares of the information services provider’s stock valued at $17,786,000 after buying an additional 5,507 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Alphabet by 6.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 124,261 shares of the information services provider’s stock valued at $176,209,000 after buying an additional 7,092 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV grew its stake in Alphabet by 2.7% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 308 shares of the information services provider’s stock valued at $437,000 after purchasing an additional 8 shares in the last quarter. Finally, Westwood Management Corp IL grew its stake in Alphabet by 1.4% in the second quarter. Westwood Management Corp IL now owns 21,630 shares of the information services provider’s stock valued at $30,672,000 after purchasing an additional 300 shares in the last quarter. 33.78% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on GOOGL. Moffett Nathanson raised their price target on Alphabet from $1,650.00 to $1,850.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Barclays raised their price target on Alphabet from $1,600.00 to $1,800.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Mizuho raised their price target on Alphabet from $1,650.00 to $1,750.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Monness Crespi & Hardt lifted their target price on Alphabet from $1,420.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Wedbush lifted their target price on Alphabet from $1,550.00 to $1,700.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Four analysts have rated the stock with a hold rating and forty-two have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $1,679.91.

Shares of Alphabet stock traded up $12.23 on Friday, hitting $1,567.70. The company had a trading volume of 1,710,325 shares, compared to its average volume of 2,093,132. The stock has a market capitalization of $1,066.29 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 2.14 and a beta of 1.10. Alphabet Inc has a 1 year low of $1,008.87 and a 1 year high of $1,726.10. The stock has a 50 day moving average of $1,519.73 and a 200-day moving average of $1,433.08. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.40 and a current ratio of 3.41.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, July 30th. The information services provider reported $10.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.43 by $1.70. The company had revenue of $31.60 billion during the quarter, compared to analyst estimates of $30.58 billion. Alphabet had a return on equity of 15.62% and a net margin of 18.99%. Equities analysts anticipate that Alphabet Inc will post 44.87 earnings per share for the current year.

Alphabet Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

Further Reading: Why are trading ranges significant?

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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