Alphabet Inc. (GOOGL) Shares Bought by IMS Capital Management

IMS Capital Management boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 23.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 435 shares of the information services provider’s stock after buying an additional 83 shares during the quarter. IMS Capital Management’s holdings in Alphabet were worth $404,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new stake in shares of Alphabet during the second quarter valued at about $102,000. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of Alphabet during the first quarter valued at about $108,000. Parkside Financial Bank & Trust boosted its stake in shares of Alphabet by 39.6% during the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after purchasing an additional 36 shares in the last quarter. Farmers National Bank boosted its stake in shares of Alphabet by 2.7% during the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 4 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. boosted its stake in shares of Alphabet by 58.3% during the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after purchasing an additional 56 shares in the last quarter. 33.81% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Alphabet Inc. (NASDAQ GOOGL) opened at $1,041.20 on Tuesday. The stock has a market capitalization of $725,476.50, a price-to-earnings ratio of 34.96, a P/E/G ratio of 1.76 and a beta of 0.91. 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 Inc. has a one year low of $743.59 and a one year high of $1,063.62.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping analysts’ consensus estimates of $8.43 by $1.14. The business had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period in the prior year, the company earned $9.06 EPS. research analysts anticipate that Alphabet Inc. will post 32.15 earnings per share for the current year.

A number of equities analysts have recently issued reports on GOOGL shares. CIBC restated an “outperform” rating and set a $1,180.00 price objective (up from $1,050.00) on shares of Alphabet in a research report on Friday, October 27th. Morgan Stanley restated an “overweight” rating and set a $1,050.00 price objective on shares of Alphabet in a research report on Saturday, July 22nd. Pivotal Research restated a “hold” rating and set a $940.00 price objective (down from $980.00) on shares of Alphabet in a research report on Tuesday, July 25th. Deutsche Bank AG restated a “buy” rating and set a $1,258.00 price objective (up from $1,250.00) on shares of Alphabet in a research report on Saturday, July 22nd. Finally, Citigroup Inc. raised their price objective on Alphabet from $1,135.00 to $1,180.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,088.53.

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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