Alphabet Inc Class A (GOOGL) is FIL Ltd’s 3rd Largest Position

FIL Ltd boosted its stake in Alphabet Inc Class A (NASDAQ:GOOGL) by 6.0% in the 1st quarter, HoldingsChannel reports. The firm owned 898,727 shares of the information services provider’s stock after buying an additional 51,202 shares during the quarter. Alphabet Inc Class A accounts for approximately 2.6% of FIL Ltd’s portfolio, making the stock its 3rd biggest position. FIL Ltd’s holdings in Alphabet Inc Class A were worth $932,106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Inverness Counsel LLC NY boosted its position in Alphabet Inc Class A by 5.3% during the 4th quarter. Inverness Counsel LLC NY now owns 35,640 shares of the information services provider’s stock worth $37,543,000 after buying an additional 1,805 shares during the period. Global Trust Asset Management LLC acquired a new stake in Alphabet Inc Class A during the 4th quarter worth approximately $216,000. Moody Lynn & Lieberson LLC lifted its position in shares of Alphabet Inc Class A by 0.3% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 24,558 shares of the information services provider’s stock worth $28,914,000 after purchasing an additional 77 shares during the period. Hemenway Trust Co LLC lifted its position in shares of Alphabet Inc Class A by 1.1% in the 4th quarter. Hemenway Trust Co LLC now owns 15,941 shares of the information services provider’s stock worth $16,793,000 after purchasing an additional 181 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Alphabet Inc Class A in the 4th quarter worth approximately $10,349,000. Hedge funds and other institutional investors own 33.53% of the company’s stock.

A number of brokerages have recently issued reports on GOOGL. Macquarie restated a “buy” rating and issued a $1,250.00 price target on shares of Alphabet Inc Class A in a research report on Wednesday. Argus boosted their price target on shares of Alphabet Inc Class A to $1,450.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. SunTrust Banks boosted their price target on shares of Alphabet Inc Class A to $1,370.00 and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Royal Bank of Canada boosted their price target on shares of Alphabet Inc Class A to $1,400.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 24th. Finally, Bank of America restated a “buy” rating and issued a $1,390.00 price target (up previously from $1,270.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. Five analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,298.90.

NASDAQ:GOOGL opened at $1,224.06 on Friday. The firm has a market capitalization of $871.68 billion, a PE ratio of 38.19, a P/E/G ratio of 1.58 and a beta of 1.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13. Alphabet Inc Class A has a twelve month low of $918.60 and a twelve month high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, beating the consensus estimate of $9.51 by $2.24. The company had revenue of $26.24 billion during the quarter, compared to analyst estimates of $25.64 billion. Alphabet Inc Class A had a net margin of 13.16% and a return on equity of 18.24%. During the same quarter in the previous year, the business posted $5.01 EPS. analysts forecast that Alphabet Inc Class A will post 42.73 EPS for the current fiscal year.

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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