Alphabet Inc (NASDAQ:GOOGL) Shares Purchased by Homrich & Berg

Homrich & Berg raised its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 2.4% in the second quarter, Holdings Channel.com reports. The firm owned 1,629 shares of the information services provider’s stock after buying an additional 38 shares during the period. Homrich & Berg’s holdings in Alphabet were worth $1,764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GOOGL. Thoroughbred Financial Services LLC lifted its holdings in Alphabet by 205,910.9% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,393,000 shares of the information services provider’s stock worth $339,300,000 after buying an additional 3,391,353 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Alphabet by 4.5% in the 2nd quarter. Fisher Asset Management LLC now owns 1,424,101 shares of the information services provider’s stock worth $1,542,017,000 after purchasing an additional 61,029 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt lifted its holdings in shares of Alphabet by 0.8% in the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,188,100 shares of the information services provider’s stock worth $1,285,453,000 after purchasing an additional 10,000 shares during the last quarter. Packer & Co Ltd lifted its holdings in shares of Alphabet by 4,018.6% in the 2nd quarter. Packer & Co Ltd now owns 958,600 shares of the information services provider’s stock worth $25,202,000 after purchasing an additional 935,325 shares during the last quarter. Finally, Investec Asset Management LTD lifted its holdings in shares of Alphabet by 2.4% in the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the information services provider’s stock worth $623,117,000 after purchasing an additional 15,090 shares during the last quarter. Hedge funds and other institutional investors own 34.09% of the company’s stock.

GOOGL has been the topic of several recent research reports. Credit Suisse Group raised their price target on Alphabet from $1,400.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Morgan Stanley raised their price target on Alphabet from $1,400.00 to $1,450.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Needham & Company LLC set a $1,350.00 price target on Alphabet and gave the stock a “buy” rating in a report on Friday, July 26th. BMO Capital Markets raised their price target on Alphabet to $1,225.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Finally, Susquehanna Bancshares raised their price target on Alphabet to $1,550.00 in a report on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and an average price target of $1,371.05.

Alphabet stock traded down $10.08 during mid-day trading on Thursday, hitting $1,181.50. 10,992 shares of the company’s stock traded hands, compared to its average volume of 1,834,162. The firm has a 50 day moving average price of $1,169.82 and a 200 day moving average price of $1,159.31. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The company has a market cap of $832.38 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. Alphabet Inc has a one year low of $977.66 and a one year high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The company had revenue of $31.71 billion for the quarter, compared to analysts’ expectations of $30.90 billion. On average, analysts expect that Alphabet Inc will post 51.94 earnings per share for the current fiscal year.

About Alphabet

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.

Further Reading: Lock-Up Period Expiration

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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