Mader & Shannon Wealth Management Inc. Purchases New Holdings in Alphabet Inc Class A (GOOGL)

Mader & Shannon Wealth Management Inc. purchased a new stake in Alphabet Inc Class A (NASDAQ:GOOGL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,281 shares of the information services provider’s stock, valued at approximately $3,704,000. Alphabet Inc Class A accounts for about 4.5% of Mader & Shannon Wealth Management Inc.’s holdings, making the stock its 8th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Well Done LLC purchased a new position in Alphabet Inc Class A during the first quarter worth $107,000. Westchester Capital Management Inc. increased its position in Alphabet Inc Class A by 1,262.5% during the first quarter. Westchester Capital Management Inc. now owns 109 shares of the information services provider’s stock worth $113,000 after buying an additional 101 shares in the last quarter. KHP Capital LLC purchased a new position in Alphabet Inc Class A during the first quarter worth $124,000. Private Ocean LLC increased its position in Alphabet Inc Class A by 355.6% during the first quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock worth $127,000 after buying an additional 96 shares in the last quarter. Finally, Highlander Capital Management LLC increased its position in Alphabet Inc Class A by 333.3% during the first quarter. Highlander Capital Management LLC now owns 130 shares of the information services provider’s stock worth $133,000 after buying an additional 100 shares in the last quarter. 33.53% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:GOOGL opened at $1,167.83 on Monday. The firm has a market capitalization of $840.06 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 1.53 and a beta of 1.11. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. Alphabet Inc Class A has a 52 week low of $977.08 and a 52 week high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, beating the Zacks’ consensus estimate of $9.51 by $2.24. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. The business had revenue of $26.24 billion during the quarter, compared to the consensus estimate of $25.64 billion. During the same quarter in the previous year, the business earned $5.01 earnings per share. On average, research analysts anticipate that Alphabet Inc Class A will post 42.53 earnings per share for the current fiscal year.

Several equities analysts have weighed in on the company. Macquarie reissued a “buy” rating and set a $1,250.00 price target on shares of Alphabet Inc Class A in a research report on Thursday, September 27th. Zacks Investment Research downgraded Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Morgan Stanley reissued an “overweight” rating and set a $1,515.00 price target (up previously from $1,325.00) on shares of Alphabet Inc Class A in a research report on Wednesday, August 29th. MKM Partners raised their price target on Alphabet Inc Class A from $1,355.00 to $1,465.00 and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $1,450.00 price target on shares of Alphabet Inc Class A in a research report on Tuesday, August 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-one have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $1,317.07.

About Alphabet Inc Class A

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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