Westbourne Investment Advisors Inc. Has $5.72 Million Position in Alphabet Inc Class A (GOOGL)

Westbourne Investment Advisors Inc. increased its position in Alphabet Inc Class A (NASDAQ:GOOGL) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,061 shares of the information services provider’s stock after purchasing an additional 82 shares during the period. Alphabet Inc Class A makes up 4.9% of Westbourne Investment Advisors Inc.’s investment portfolio, making the stock its 4th largest holding. Westbourne Investment Advisors Inc.’s holdings in Alphabet Inc Class A were worth $5,715,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GOOGL. HC Financial Advisors Inc. acquired a new stake in shares of Alphabet Inc Class A in the fourth quarter valued at $616,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Alphabet Inc Class A in the first quarter valued at $550,000. Blue Fin Capital Inc. raised its stake in shares of Alphabet Inc Class A by 4.7% in the first quarter. Blue Fin Capital Inc. now owns 4,132 shares of the information services provider’s stock valued at $4,285,000 after acquiring an additional 186 shares in the last quarter. Bailard Inc. raised its stake in shares of Alphabet Inc Class A by 0.4% in the first quarter. Bailard Inc. now owns 19,417 shares of the information services provider’s stock valued at $20,138,000 after acquiring an additional 72 shares in the last quarter. Finally, Mar Vista Investment Partners LLC raised its stake in shares of Alphabet Inc Class A by 11.0% in the first quarter. Mar Vista Investment Partners LLC now owns 1,057 shares of the information services provider’s stock valued at $1,096,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 33.43% of the company’s stock.

Several brokerages have recently issued reports on GOOGL. B. Riley increased their price objective on Alphabet Inc Class A from $1,350.00 to $1,475.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. JMP Securities increased their price objective on Alphabet Inc Class A from $1,235.00 to $1,390.00 and gave the company an “outperform” rating in a research note on Tuesday, July 24th. SunTrust Banks increased their price objective on Alphabet Inc Class A to $1,370.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. BMO Capital Markets increased their price objective on Alphabet Inc Class A from $1,100.00 to $1,150.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $1,375.00 target price (up previously from $1,330.00) on shares of Alphabet Inc Class A in a report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have given a buy rating to the stock. Alphabet Inc Class A presently has an average rating of “Buy” and an average price target of $1,333.76.

Shares of GOOGL stock opened at $1,108.24 on Thursday. The stock has a market cap of $744.29 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 1.31 and a beta of 1.06. Alphabet Inc Class A has a 1 year low of $984.00 and a 1 year high of $1,291.44. 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 Class A (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.54 by $2.52. The company had revenue of $27.16 billion for the quarter, compared to analyst estimates of $27.32 billion. Alphabet Inc Class A had a return on equity of 19.40% and a net margin of 14.45%. Analysts predict that Alphabet Inc Class A will post 45.24 earnings per share for the current year.

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Alphabet Inc Class A 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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Institutional Ownership by Quarter for Alphabet Inc Class A (NASDAQ:GOOGL)

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