BHK Investment Advisors LLC Purchases 45 Shares of Alphabet Inc Class A (GOOGL)

BHK Investment Advisors LLC raised its position in Alphabet Inc Class A (NASDAQ:GOOGL) by 17.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 305 shares of the information services provider’s stock after purchasing an additional 45 shares during the period. BHK Investment Advisors LLC’s holdings in Alphabet Inc Class A were worth $344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rational Advisors LLC raised its stake in shares of Alphabet Inc Class A by 26.5% in the 2nd quarter. Rational Advisors LLC now owns 2,459 shares of the information services provider’s stock valued at $2,776,000 after purchasing an additional 515 shares during the period. Roffman Miller Associates Inc. PA increased its position in shares of Alphabet Inc Class A by 2.8% in the second quarter. Roffman Miller Associates Inc. PA now owns 18,401 shares of the information services provider’s stock valued at $20,778,000 after acquiring an additional 505 shares during the last quarter. American Trust Investment Advisors LLC increased its position in shares of Alphabet Inc Class A by 12.3% in the second quarter. American Trust Investment Advisors LLC now owns 592 shares of the information services provider’s stock valued at $668,000 after acquiring an additional 65 shares during the last quarter. Pillar Pacific Capital Management LLC increased its position in shares of Alphabet Inc Class A by 1.1% in the second quarter. Pillar Pacific Capital Management LLC now owns 10,117 shares of the information services provider’s stock valued at $11,425,000 after acquiring an additional 113 shares during the last quarter. Finally, Connable Office Inc. increased its position in shares of Alphabet Inc Class A by 2.6% in the second quarter. Connable Office Inc. now owns 2,784 shares of the information services provider’s stock valued at $3,144,000 after acquiring an additional 71 shares during the last quarter. 33.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the company. Monness Crespi & Hardt lifted 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 issued a $1,170.00 target price (up previously 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 issued a $1,375.00 target price (down previously 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 issued 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 issued a $1,330.00 target price (down previously from $1,350.00) on shares of Alphabet Inc Class A in a research report on Monday, July 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirty have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $1,333.76.

Shares of NASDAQ:GOOGL opened at $1,094.63 on Friday. Alphabet Inc Class A has a 12-month low of $984.00 and a 12-month high of $1,291.44. The company has a market cap of $744.29 billion, a PE ratio of 34.15, a PEG ratio of 1.31 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10.

Alphabet Inc Class A (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.54 by $2.52. Alphabet Inc Class A had a return on equity of 19.40% and a net margin of 14.45%. The company had revenue of $27.16 billion during the quarter, compared to analysts’ expectations of $27.32 billion. As a group, sell-side analysts predict that Alphabet Inc Class A will post 45.24 earnings per share for the current fiscal year.

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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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