Fidelity National Financial Inc. acquired a new position in Alphabet Inc (NASDAQ:GOOGL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,431 shares of the information services provider’s stock, valued at approximately $10,177,000. Alphabet accounts for approximately 1.5% of Fidelity National Financial Inc.’s investment portfolio, making the stock its 16th biggest holding.
Other institutional investors and hedge funds have also made changes to their positions in the company. Parkside Investments LLC bought a new position in shares of Alphabet in the third quarter worth approximately $124,000. ELM Advisors LLC bought a new position in Alphabet during the third quarter valued at approximately $128,000. Emerald Investment Partners LLC bought a new position in Alphabet during the second quarter valued at approximately $137,000. Quad Cities Investment Group LLC bought a new position in Alphabet during the second quarter valued at approximately $179,000. Finally, Marino Stram & Associates LLC lifted its position in Alphabet by 47.7% during the second quarter. Marino Stram & Associates LLC now owns 161 shares of the information services provider’s stock valued at $182,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 33.41% of the company’s stock.
GOOGL opened at $1,151.87 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. Alphabet Inc has a 1-year low of $977.66 and a 1-year high of $1,291.44. The company has a market capitalization of $778.42 billion, a price-to-earnings ratio of 35.94, a price-to-earnings-growth ratio of 1.31 and a beta of 1.05.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $11.08 by $1.69. The firm had revenue of $31.84 billion during the quarter, compared to analysts’ expectations of $31.28 billion. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. During the same period in the prior year, the company posted $9.70 earnings per share. On average, equities analysts anticipate that Alphabet Inc will post 45.79 EPS for the current year.
A number of research analysts recently weighed in on GOOGL shares. Pivotal Research lowered their price objective on shares of Alphabet from $1,080.00 to $1,010.00 and set a “hold” rating on the stock in a research report on Friday, October 12th. Wedbush started coverage on shares of Alphabet in a research report on Wednesday, October 17th. They set an “outperform” rating and a $1,350.00 price objective on the stock. Credit Suisse Group increased their price objective on shares of Alphabet from $1,375.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, October 19th. Monness Crespi & Hardt lowered their price objective on shares of Alphabet from $1,415.00 to $1,315.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Finally, Bank of America lowered their price objective on shares of Alphabet from $1,390.00 to $1,350.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Two analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $1,326.21.
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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.
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