Alphabet Inc (GOOGL) Position Increased by Iberiabank Corp

Iberiabank Corp boosted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 613 shares of the company’s stock after buying an additional 38 shares during the period. Iberiabank Corp’s holdings in Alphabet were worth $486,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CIBC World Markets Inc. raised its stake in Alphabet by 33.9% in the third quarter. CIBC World Markets Inc. now owns 43,753 shares of the company’s stock valued at $35,180,000 after buying an additional 11,065 shares during the period. Nwam LLC raised its stake in Alphabet by 6.5% in the third quarter. Nwam LLC now owns 1,710 shares of the company’s stock worth $1,375,000 after buying an additional 104 shares during the last quarter. Nationwide Fund Advisors raised its stake in Alphabet by 1.4% in the third quarter. Nationwide Fund Advisors now owns 293,906 shares of the company’s stock worth $236,318,000 after buying an additional 3,966 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Alphabet by 3.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 45,445 shares of the company’s stock worth $36,541,000 after buying an additional 1,562 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in Alphabet by 3.0% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 38,200 shares of the company’s stock worth $30,715,000 after buying an additional 1,100 shares during the last quarter. 34.98% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at 835.14 on Friday. Alphabet Inc has a 52 week low of $672.66 and a 52 week high of $874.42. The firm has a market cap of $577.43 billion, a price-to-earnings ratio of 29.96 and a beta of 0.98. The firm’s 50-day moving average price is $847.88 and its 200-day moving average price is $816.83.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, January 26th. The company reported $9.36 EPS for the quarter, missing analysts’ consensus estimates of $9.64 by $0.28. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. During the same period in the previous year, the company posted $8.67 earnings per share. Equities research analysts expect that Alphabet Inc will post $33.39 EPS for the current fiscal year.

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A number of research firms recently commented on GOOGL. Robert W. Baird reaffirmed an “outperform” rating and set a $960.00 price objective on shares of Alphabet in a research note on Sunday, March 5th. Wedbush reaffirmed an “underperform” rating and set a $700.00 price objective on shares of Alphabet in a research note on Wednesday, February 15th. Morgan Stanley reaffirmed an “overweight” rating and set a $1,000.00 price objective on shares of Alphabet in a research note on Saturday. Pivotal Research lowered Alphabet from a “buy” rating to a “hold” rating and decreased their price objective for the company from $970.00 to $950.00 in a research note on Monday, March 20th. Finally, Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $923.00 price objective on the stock in a research note on Monday, January 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $966.66.

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.

5 Day Chart for NASDAQ:GOOGL

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