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

Karp Capital Management Corp lifted its stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 3.4% during the second quarter, HoldingsChannel.com reports. The fund owned 4,038 shares of the information services provider’s stock after acquiring an additional 134 shares during the period. Alphabet Inc Class A comprises 1.8% of Karp Capital Management Corp’s investment portfolio, making the stock its 17th largest position. Karp Capital Management Corp’s holdings in Alphabet Inc Class A were worth $4,560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. HC Financial Advisors Inc. purchased a new stake in Alphabet Inc Class A in the 4th quarter valued at $616,000. Financial Gravity Wealth Inc. purchased a new stake in Alphabet Inc Class A in the 1st quarter valued at $550,000. KCS Wealth Advisory purchased a new stake in Alphabet Inc Class A in the 1st quarter valued at $201,000. Van Cleef Asset Management Inc raised its position in Alphabet Inc Class A by 4.6% in the 1st quarter. Van Cleef Asset Management Inc now owns 8,440 shares of the information services provider’s stock valued at $8,753,000 after buying an additional 373 shares during the last quarter. Finally, Becker Capital Management Inc. raised its position in Alphabet Inc Class A by 32.6% in the 1st quarter. Becker Capital Management Inc. now owns 1,156 shares of the information services provider’s stock valued at $1,199,000 after buying an additional 284 shares during the last quarter. 33.43% of the stock is currently owned by institutional investors and hedge funds.

GOOGL stock opened at $1,069.57 on Wednesday. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. The firm has a market cap of $745.63 billion, a PE ratio of 33.37, a PEG ratio of 1.31 and a beta of 1.06. Alphabet Inc Class A has a fifty-two week low of $984.00 and a fifty-two week high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, topping the consensus estimate of $10.54 by $2.52. The company had revenue of $27.16 billion during the quarter, compared to the consensus estimate of $27.32 billion. Alphabet Inc Class A had a return on equity of 19.40% and a net margin of 14.45%. On average, equities analysts forecast that Alphabet Inc Class A will post 45.24 EPS for the current year.

Several brokerages have recently issued reports on GOOGL. Monness Crespi & Hardt raised their target price on Alphabet Inc Class A from $1,306.00 to $1,415.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. Canaccord Genuity reaffirmed a “hold” rating and set a $1,170.00 target price (up from $1,050.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. JMP Securities reaffirmed a “market outperform” rating and set a $1,375.00 target price (down from $1,390.00) on shares of Alphabet Inc Class A in a research report on Friday, November 2nd. Mizuho reaffirmed a “positive” rating and set a $1,460.00 target price on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $1,330.00 target price (down from $1,350.00) on shares of Alphabet Inc Class A in a research report on Monday, July 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $1,333.76.

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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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