Park Avenue Securities LLC Has $3.57 Million Stake in Alphabet Inc Class A (GOOGL)

Park Avenue Securities LLC raised its holdings in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 20.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,121 shares of the information services provider’s stock after acquiring an additional 524 shares during the quarter. Alphabet Inc Class A makes up 0.6% of Park Avenue Securities LLC’s portfolio, making the stock its 13th largest holding. Park Avenue Securities LLC’s holdings in Alphabet Inc Class A were worth $3,565,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. New England Research & Management Inc. lifted its stake in shares of Alphabet Inc Class A by 87.3% during the 2nd quarter. New England Research & Management Inc. now owns 751 shares of the information services provider’s stock valued at $848,000 after buying an additional 350 shares in the last quarter. Pegasus Partners Ltd. lifted its stake in shares of Alphabet Inc Class A by 18.5% during the 2nd quarter. Pegasus Partners Ltd. now owns 468 shares of the information services provider’s stock valued at $528,000 after buying an additional 73 shares in the last quarter. Swarthmore Group Inc. lifted its stake in shares of Alphabet Inc Class A by 6.3% during the 2nd quarter. Swarthmore Group Inc. now owns 8,050 shares of the information services provider’s stock valued at $9,090,000 after buying an additional 475 shares in the last quarter. Windward Capital Management Co. CA lifted its stake in shares of Alphabet Inc Class A by 0.4% during the 2nd quarter. Windward Capital Management Co. CA now owns 19,540 shares of the information services provider’s stock valued at $22,065,000 after buying an additional 71 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its stake in shares of Alphabet Inc Class A by 7.6% during the 1st quarter. AustralianSuper Pty Ltd now owns 126,900 shares of the information services provider’s stock valued at $131,613,000 after buying an additional 8,962 shares in the last quarter. Institutional investors and hedge funds own 33.53% of the company’s stock.

Alphabet Inc Class A stock opened at $1,120.54 on Friday. Alphabet Inc Class A has a twelve month low of $977.08 and a twelve month high of $1,291.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.13 and a current ratio of 4.15. The stock has a market capitalization of $840.06 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 1.53 and a beta of 1.11.

Alphabet Inc Class A (NASDAQ:GOOGL) last posted its earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, topping analysts’ consensus estimates of $9.51 by $2.24. Alphabet Inc Class A had a net margin of 13.16% and a return on equity of 18.24%. The firm had revenue of $26.24 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the previous year, the firm posted $5.01 EPS. On average, equities analysts forecast that Alphabet Inc Class A will post 42.53 earnings per share for the current fiscal year.

GOOGL has been the topic of a number of analyst reports. Wells Fargo & Co restated an “outperform” rating and set a $1,400.00 target price (up previously from $1,275.00) on shares of Alphabet Inc Class A in a research note on Tuesday, July 24th. B. Riley lifted their price target on shares of Alphabet Inc Class A from $1,350.00 to $1,475.00 and gave the company a “buy” rating in a report on Tuesday, July 24th. Barclays lifted their price target on shares of Alphabet Inc Class A from $1,250.00 to $1,350.00 and gave the company an “overweight” rating in a report on Friday, July 13th. Zacks Investment Research upgraded shares of Alphabet Inc Class A from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $1,375.00 price target (up from $1,330.00) on shares of Alphabet Inc Class A in a report on Tuesday, July 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. Alphabet Inc Class A presently has an average rating of “Buy” and an average target price of $1,315.01.

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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