1st Global Advisors Inc. Increases Position in Alphabet Inc (GOOGL)

1st Global Advisors Inc. boosted its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 3.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 950 shares of the company’s stock after buying an additional 33 shares during the period. 1st Global Advisors Inc.’s holdings in Alphabet were worth $739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Taylor Wealth Management Partners boosted its position in shares of Alphabet by 5.0% in the fourth quarter. Taylor Wealth Management Partners now owns 84 shares of the company’s stock valued at $65,000 after buying an additional 4 shares during the last quarter. Benjamin F. Edwards Company boosted its position in shares of Alphabet by 1.3% in the fourth quarter. Benjamin F. Edwards Company now owns 622 shares of the company’s stock valued at $484,000 after buying an additional 8 shares during the last quarter. Baystate Wealth Management boosted its position in shares of Alphabet by 3.1% in the fourth quarter. Baystate Wealth Management now owns 335 shares of the company’s stock valued at $261,000 after buying an additional 10 shares during the last quarter. BLBB Advisors boosted its position in shares of Alphabet by 2.4% in the fourth quarter. BLBB Advisors now owns 430 shares of the company’s stock valued at $335,000 after buying an additional 10 shares during the last quarter. Finally, Campbell Newman Asset Management boosted its position in shares of Alphabet by 1.0% in the fourth quarter. Campbell Newman Asset Management now owns 1,158 shares of the company’s stock valued at $901,000 after buying an additional 11 shares during the last quarter.

Alphabet Inc (NASDAQ:GOOGL) opened at 761.35 on Friday. The stock has a 50 day moving average price of $750.90 and a 200 day moving average price of $706.29. Alphabet Inc has a 12 month low of $521.72 and a 12 month high of $798.69. The company has a market cap of $523.60 billion and a price-to-earnings ratio of 32.09.

Several research analysts recently issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $853.00 target price (up previously from $778.00) on shares of Alphabet in a research report on Friday, October 23rd. Axiom Securities lifted their price target on Alphabet from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, November 3rd. Wedbush lifted their price target on Alphabet from $740.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday. Raymond James reiterated a “buy” rating and set a $790.00 price target on shares of Alphabet in a report on Friday. Finally, Evercore ISI lifted their price target on Alphabet from $840.00 to $915.00 and gave the stock a “buy” rating in a report on Wednesday, December 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $834.75.

Alphabet Inc (NASDAQ:GOOGL) is a collection of Companies. The Company’s collection include Calico, Google’s health and longevity effort; Nest its connected home business; Fiber, its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital, and incubator projects, such as Google X. These will be managed separately in Alphabet. On October 2, 2015, Google implemented a holding company reorganization pursuant to the Agreement and Plan of Merger (the Merger Agreement), dated as of October 2, 2015, among Google, Alphabet and Maple Technologies Inc., a Delaware corporation (Merger Sub), which resulted in Alphabet owning all of the outstanding capital stock of Google. Pursuant to the Alphabet Merger, Merger Sub, a direct, wholly owned subsidiary of Alphabet and an indirect, wholly owned subsidiary of Google, merged with and into Google, with Google surviving as a direct, wholly owned subsidiary of Alphabet.

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Sunday, January 31st, 2016 EN

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