Alphabet Inc Class A (GOOGL) Holdings Increased by S&CO Inc.

S&CO Inc. raised its position in Alphabet Inc Class A (NASDAQ:GOOGL) by 13.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,358 shares of the information services provider’s stock after acquiring an additional 756 shares during the quarter. S&CO Inc.’s holdings in Alphabet Inc Class A were worth $7,179,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. HC Financial Advisors Inc. purchased a new position in shares of Alphabet Inc Class A in the fourth quarter valued at approximately $616,000. Wolverine Asset Management LLC lifted its position in shares of Alphabet Inc Class A by 3.2% in the fourth quarter. Wolverine Asset Management LLC now owns 50,040 shares of the information services provider’s stock valued at $52,712,000 after acquiring an additional 1,540 shares in the last quarter. Jafra Capital Management LP lifted its position in shares of Alphabet Inc Class A by 33.7% in the fourth quarter. Jafra Capital Management LP now owns 13,407 shares of the information services provider’s stock valued at $14,123,000 after acquiring an additional 3,382 shares in the last quarter. Virtue Capital Management LLC purchased a new position in shares of Alphabet Inc Class A in the fourth quarter valued at approximately $569,000. Finally, Baker Avenue Asset Management LP lifted its position in shares of Alphabet Inc Class A by 20.2% in the fourth quarter. Baker Avenue Asset Management LP now owns 986 shares of the information services provider’s stock valued at $1,039,000 after acquiring an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 33.53% of the company’s stock.

Shares of Alphabet Inc Class A stock opened at $1,155.92 on Tuesday. Alphabet Inc Class A has a one year low of $977.08 and a one year high of $1,291.44. The company has a market cap of $840.06 billion, a P/E ratio of 36.07, a P/E/G ratio of 1.53 and a beta of 1.11. The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02.

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, topping 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 firm had revenue of $26.24 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same quarter last year, the business posted $5.01 earnings per share. On average, research analysts predict that Alphabet Inc Class A will post 42.53 earnings per share for the current year.

Several equities analysts have recently weighed in on the company. BMO Capital Markets raised their target price on Alphabet Inc Class A from $1,100.00 to $1,150.00 and gave the company a “neutral” rating in a research report on Tuesday, July 24th. B. Riley restated a “buy” rating on shares of Alphabet Inc Class A in a research report on Monday, July 16th. Monness Crespi & Hardt raised their target price on Alphabet Inc Class A from $1,306.00 to $1,415.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. KeyCorp restated an “overweight” rating and issued a $1,430.00 target price (up previously from $1,230.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. Finally, Mizuho restated a “positive” rating and issued a $1,460.00 target price on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirty-one have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $1,317.07.

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.

See Also: Google Finance

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

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