Alphabet Inc Class A (GOOGL) Shares Sold by Adviser Investments LLC

Adviser Investments LLC lowered its position in Alphabet Inc Class A (NASDAQ:GOOGL) by 42.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,540 shares of the information services provider’s stock after selling 1,146 shares during the period. Adviser Investments LLC’s holdings in Alphabet Inc Class A were worth $1,597,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GOOGL. K2 Principal Fund L.P. grew its position in Alphabet Inc Class A by 89.2% in the fourth quarter. K2 Principal Fund L.P. now owns 60,753 shares of the information services provider’s stock worth $63,997,000 after acquiring an additional 28,647 shares in the last quarter. AustralianSuper Pty Ltd boosted its position in Alphabet Inc Class A by 7.6% during the first 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 during the period. Fosun International Ltd boosted its position in Alphabet Inc Class A by 78.9% during the first quarter. Fosun International Ltd now owns 5,690 shares of the information services provider’s stock valued at $5,901,000 after buying an additional 2,509 shares during the period. Ffcm LLC purchased a new stake in Alphabet Inc Class A during the first quarter valued at about $3,017,000. Finally, Amalgamated Bank boosted its position in Alphabet Inc Class A by 9.6% during the fourth quarter. Amalgamated Bank now owns 39,369 shares of the information services provider’s stock valued at $41,471,000 after buying an additional 3,444 shares during the period. 33.53% of the stock is currently owned by hedge funds and other institutional investors.

GOOGL has been the subject of several analyst reports. Credit Suisse Group cut their price target on shares of Alphabet Inc Class A from $1,350.00 to $1,400.00 in a research report on Monday, April 23rd. TheStreet upgraded shares of Alphabet Inc Class A from a “c+” rating to an “a-” rating in a research report on Monday, April 23rd. Stifel Nicolaus upgraded shares of Alphabet Inc Class A from a “hold” rating to a “buy” rating and set a $1,234.00 price target for the company in a research report on Tuesday, April 24th. Monness Crespi & Hardt restated a “buy” rating and set a $1,306.00 price target (up from $1,280.00) on shares of Alphabet Inc Class A in a research report on Tuesday, April 24th. Finally, Aegis upped their price target on shares of Alphabet Inc Class A from $1,350.00 to $1,360.00 and gave the company a “buy” rating in a research report on Thursday, May 17th. Five equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $1,298.90.

GOOGL stock opened at $1,224.06 on Friday. Alphabet Inc Class A has a 1 year low of $918.60 and a 1 year high of $1,291.44. The stock has a market capitalization of $871.68 billion, a P/E ratio of 38.34, a P/E/G ratio of 1.58 and a beta of 1.13. 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 (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $26.24 billion during the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the prior year, the firm earned $5.01 earnings per share. equities analysts anticipate that Alphabet Inc Class A will post 42.73 earnings per share for the current fiscal year.

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.

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

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