Oakmont Corp Acquires New Position in Alphabet Inc. (NASDAQ:GOOGL)

Oakmont Corp acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 115 shares of the information services provider’s stock, valued at approximately $202,000. Alphabet comprises about 0.0% of Oakmont Corp’s investment portfolio, making the stock its 28th biggest position.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Alphabet by 0.9% during the 4th quarter. FMR LLC now owns 12,724,980 shares of the information services provider’s stock valued at $22,302,309,000 after acquiring an additional 112,807 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Alphabet by 4.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,045,817 shares of the information services provider’s stock worth $4,463,950,000 after buying an additional 119,613 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Alphabet by 2.4% in the third quarter. Morgan Stanley now owns 2,573,943 shares of the information services provider’s stock worth $3,772,374,000 after buying an additional 59,412 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Alphabet by 653.0% in the third quarter. Great West Life Assurance Co. Can now owns 2,253,084 shares of the information services provider’s stock worth $441,442,000 after buying an additional 1,953,887 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Alphabet by 5.6% in the fourth quarter. Fisher Asset Management LLC now owns 1,670,427 shares of the information services provider’s stock worth $2,927,657,000 after buying an additional 88,079 shares during the last quarter. 33.79% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on the stock. JMP Securities raised their price objective on shares of Alphabet from $1,700.00 to $2,400.00 and gave the stock an “outperform” rating in a report on Wednesday, February 3rd. Canaccord Genuity reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 3rd. Smith Barney Citigroup raised their price objective on shares of Alphabet from $1,600.00 to $2,000.00 in a report on Tuesday, November 3rd. JPMorgan Chase & Co. raised their price objective on shares of Alphabet from $1,870.00 to $2,050.00 and gave the stock an “overweight” rating in a report on Wednesday, December 16th. They noted that the move was a valuation call. Finally, MKM Partners restated a “buy” rating and set a $2,200.00 target price (up previously from $1,950.00) on shares of Alphabet in a research note on Wednesday, February 3rd. Three analysts have rated the stock with a hold rating and forty have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $2,059.56.

NASDAQ GOOGL opened at $2,054.26 on Tuesday. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $1,913.73 and a two-hundred day moving average of $1,700.78. The firm has a market capitalization of $1.38 trillion, a price-to-earnings ratio of 39.70, a PEG ratio of 1.65 and a beta of 0.99. Alphabet Inc. has a 52 week low of $1,008.87 and a 52 week high of $2,145.14.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, February 1st. The information services provider reported $22.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $15.90 by $6.40. The firm had revenue of $46.43 billion during the quarter, compared to analyst estimates of $44.09 billion. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. During the same period in the previous year, the firm earned $15.35 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 52.19 EPS for the current year.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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