Alphabet Inc Class A (GOOGL) Shares Bought by Capital Management Corp VA

Capital Management Corp VA raised its position in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,695 shares of the information services provider’s stock after acquiring an additional 96 shares during the quarter. Capital Management Corp VA’s holdings in Alphabet Inc Class A were worth $6,431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOGL. BlackRock Inc. lifted its position in Alphabet Inc Class A by 1.5% in the 1st quarter. BlackRock Inc. now owns 18,733,196 shares of the information services provider’s stock valued at $19,428,946,000 after acquiring an additional 269,848 shares in the last quarter. Summit Trail Advisors LLC lifted its position in Alphabet Inc Class A by 134,676.9% in the 1st quarter. Summit Trail Advisors LLC now owns 17,938,806 shares of the information services provider’s stock valued at $17,939,000 after acquiring an additional 17,925,496 shares in the last quarter. American Century Companies Inc. lifted its position in Alphabet Inc Class A by 1.0% in the 1st quarter. American Century Companies Inc. now owns 2,266,027 shares of the information services provider’s stock valued at $2,350,187,000 after acquiring an additional 23,524 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in Alphabet Inc Class A by 115,058.0% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,388,805 shares of the information services provider’s stock valued at $1,216,000 after acquiring an additional 1,387,599 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its position in Alphabet Inc Class A by 78.1% in the 1st quarter. OppenheimerFunds Inc. now owns 1,313,669 shares of the information services provider’s stock valued at $1,362,458,000 after acquiring an additional 575,882 shares in the last quarter. 33.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of GOOGL stock opened at $1,167.83 on Monday. 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 has a 12-month low of $977.08 and a 12-month high of $1,291.44. The company has a market cap of $840.06 billion, a PE ratio of 36.44, a P/E/G ratio of 1.53 and a beta of 1.11.

Alphabet Inc Class A (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $25.64 billion. During the same quarter last year, the business posted $5.01 EPS. Equities analysts forecast that Alphabet Inc Class A will post 42.53 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on GOOGL shares. MKM Partners raised their price target on shares of Alphabet Inc Class A from $1,355.00 to $1,465.00 and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,515.00 price target (up previously from $1,325.00) on shares of Alphabet Inc Class A in a research report on Wednesday, August 29th. Macquarie reaffirmed a “buy” rating and issued a $1,250.00 price target on shares of Alphabet Inc Class A in a research report on Wednesday, August 15th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,450.00 price target on shares of Alphabet Inc Class A in a research report on Tuesday, August 21st. Finally, Aegis raised their price target on shares of Alphabet Inc Class A from $1,360.00 to $1,425.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. One 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. Alphabet Inc Class A has a consensus rating of “Buy” and a consensus 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.

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

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