Economy

Alphabet's (GOOGL) "Buy" Rating Reiterated at Mizuho

BlackRock Inc. now owns 18,633,934 shares of the information services provider's stock worth $17,323,595,000 after purchasing an additional 567,337 shares during the period. Sterling Investment Management Inc.'s holdings in Alphabet were worth $1,417,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GOOGL. Riggs Asset Managment Co. Harbour Capital Advisors LLC raised its position in shares of Alphabet by 87,001.5% in the 2nd quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider's stock valued at $1,160,000 after purchasing an additional 1,161,184 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in Alphabet by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider's stock worth $19,123,960,000 after purchasing an additional 662,279 shares during the period. Janus Henderson Group PLC raised its position in shares of Alphabet by 759.0% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider's stock worth $156,000 after purchasing an additional 157 shares during the last quarter.

As of quarter end West Oak Capital, LLC had disposed of a total of 21 shares trimming its position 10.9%. RB Capital Management LLC boosted its position in Alphabet by 0.4% in the 2nd quarter.

Investors and traders using technical analysis to examine stocks may be interested in taking a look at the ATR or Average True Range. After a recent check, it is observed that the insiders for the firm now own 0.10% shares. Piper Jaffray Companies reaffirmed an "overweight" rating and set a $1,150.00 price target on shares of Alphabet in a report on Thursday. Pivotal Research reiterated a "hold" rating and set a $970.00 target price on shares of Alphabet in a report on Friday, October 13th. MKM Partners reissued a "buy" rating and issued a $930.00 target price on shares of Alphabet in a report on Tuesday, July 26th. Finally, Jefferies Group LLC reiterated a "buy" rating and set a $1,200.00 target price on shares of Alphabet in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock.

TRADEMARK VIOLATION WARNING: This article was originally published by StockNewsTimes and is the property of of StockNewsTimes. Confluence Investment Management LLC now owns 28,894 shares worth $27,712,000. If you are accessing this story on another site, it was copied illegally and republished in violation of USA & global trademark & copyright law. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2017/10/20/alphabet-inc-goog-position-increased-by-channing-capital-management-llc.html. Of those transactions, there were 1.19 million shares of GOOG bought and 2.48 million shares sold. 2,383,832 shares of the company were exchanged. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director L John Doerr sold 13,556 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $785.10, for a total transaction of $52,337,906.40.

Alphabet Inc is a holding company. The disclosure for this sale can be found here.

Insider Trading Activity for Alphabet Inc. Alphabet has a 12-month low of $727.54 and a 12-month high of $997.21.

Alphabet (NASDAQ GOOG) traded up 0.08% during mid-day trading on Friday, reaching $985.26. GOOGL's latest closing price was 9.48% away from the average price of 200 days while it maintained a distance of 4.89% from the 50 Day Moving Average and 2.30% away compared to its SMA 20. The stock has a market cap of $522.78 billion, a PE ratio of 27.76 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, October 27th. The information services provider reported $5.01 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 22.29% and a return on equity of 15.08%. During last 3 month period, -0.03% of total institutional ownership has changed in the company shares.



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