Clifford Swan Investment Counsel LLC Buys 94 Shares of Alphabet Inc. (GOOGL)

Clifford Swan Investment Counsel LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,006 shares of the information services provider’s stock after purchasing an additional 94 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Alphabet were worth $14,754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of GOOGL. Bingham Osborn & Scarborough LLC increased its position in shares of Alphabet by 4.1% during the fourth quarter. Bingham Osborn & Scarborough LLC now owns 1,098 shares of the information services provider’s stock worth $1,157,000 after acquiring an additional 43 shares during the last quarter. Valicenti Advisory Services Inc. increased its position in shares of Alphabet by 0.9% during the fourth quarter. Valicenti Advisory Services Inc. now owns 4,872 shares of the information services provider’s stock worth $5,132,000 after acquiring an additional 45 shares during the last quarter. Duff & Phelps Investment Management Co. increased its position in shares of Alphabet by 1.4% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 3,310 shares of the information services provider’s stock worth $3,487,000 after acquiring an additional 45 shares during the last quarter. Meridian Wealth Management LLC increased its position in shares of Alphabet by 4.7% during the fourth quarter. Meridian Wealth Management LLC now owns 1,046 shares of the information services provider’s stock worth $1,039,000 after acquiring an additional 47 shares during the last quarter. Finally, BLB&B Advisors LLC increased its position in shares of Alphabet by 1.9% during the fourth quarter. BLB&B Advisors LLC now owns 2,553 shares of the information services provider’s stock worth $2,689,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 34.38% of the company’s stock.

GOOGL has been the subject of several research analyst reports. Monness Crespi & Hardt reissued a “buy” rating and issued a $1,250.00 price objective (up from $1,120.00) on shares of Alphabet in a report on Monday, January 29th. B. Riley boosted their price objective on Alphabet from $1,200.00 to $1,375.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,131.00 price objective for the company in a report on Monday, April 9th. Vetr raised Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,192.20 price objective for the company in a report on Friday, March 23rd. Finally, Bank of America reissued a “buy” rating and issued a $1,360.00 price objective (up from $1,340.00) on shares of Alphabet in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Alphabet currently has an average rating of “Buy” and a consensus price target of $1,201.44.

GOOGL opened at $1,081.26 on Friday. The company has a market capitalization of $753.93 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 1.55 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.87 and a quick ratio of 4.85. Alphabet Inc. has a 1-year low of $1,081.68 and a 1-year high of $1,094.22.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, April 23rd. The information services provider reported $9.93 earnings per share for the quarter, topping analysts’ consensus estimates of $9.21 by $0.72. Alphabet had a return on equity of 15.58% and a net margin of 14.19%. The firm had revenue of $24.86 billion during the quarter, compared to the consensus estimate of $24.20 billion. During the same period in the prior year, the firm posted $7.73 earnings per share. analysts predict that Alphabet Inc. will post 40.75 EPS for the current fiscal year.

Alphabet announced that its Board of Directors has approved a share repurchase plan on Thursday, February 1st that authorizes the company to buyback $8.59 billion in shares. This buyback authorization authorizes the information services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Alphabet Company 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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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