Alphabet Inc Class A (GOOGL) Shares Bought by Bingham Osborn & Scarborough LLC

Bingham Osborn & Scarborough LLC grew its position in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 10.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,263 shares of the information services provider’s stock after acquiring an additional 118 shares during the quarter. Bingham Osborn & Scarborough LLC’s holdings in Alphabet Inc Class A were worth $1,426,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Well Done LLC purchased a new stake in shares of Alphabet Inc Class A in the first quarter worth about $107,000. Westchester Capital Management Inc. boosted its position in shares of Alphabet Inc Class A by 1,262.5% in 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 during the period. KHP Capital LLC purchased a new stake in shares of Alphabet Inc Class A in the first quarter worth about $124,000. Private Ocean LLC boosted its position in shares of Alphabet Inc Class A by 355.6% in 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 during the period. Finally, Highlander Capital Management LLC boosted its position in shares of Alphabet Inc Class A by 333.3% in 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 during the period. Institutional investors own 33.53% of the company’s stock.

Several equities research analysts have recently weighed in on GOOGL shares. B. Riley reaffirmed a “buy” rating on shares of Alphabet Inc Class A in a research report on Monday, July 16th. Nomura started coverage on Alphabet Inc Class A in a research report on Tuesday, July 10th. They issued a “buy” rating and a $1,400.00 target price for the company. ValuEngine raised Alphabet Inc Class A from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Monness Crespi & Hardt upped their target price on Alphabet Inc Class A from $1,306.00 to $1,415.00 and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Finally, Citigroup reaffirmed a “buy” rating and issued a $1,400.00 target price (up previously from $1,350.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-one have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $1,317.07.

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

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $25.64 billion. During the same quarter in the prior year, the firm posted $5.01 earnings per share. As a group, equities research analysts predict that Alphabet Inc Class A will post 42.53 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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