[ad_1]
BigSur Wealth Management LLC increased its holdings in Alphabet Inc. Class A (NASDAQ: GOOGL) by 28.9% in the second quarter, according to its latest 13F filing with the SEC. The institutional investor held 375 shares of the information service provider after purchasing 84 additional shares during the quarter. The holdings of BigSur Wealth Management LLC in Alphabet Inc Class A amounted to $ 423,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold GOOGL shares. Summit Trail Advisors LLC increased its interest in Alphabet Inc. Class A shares by 134,676.9% during the first quarter. Summit Trail Advisors LLC now holds 17,938,806 shares of the Information Services Provider valued at $ 17,939,000 after acquiring an additional 17,925,496 shares during the last quarter. Cornerstone Wealth Management LLC increased its equity interest in Alphabet Inc. Class A by 115,058.0% in the second quarter. Cornerstone Wealth Management LLC now holds 1,388,805 shares of the Information Services Provider valued at $ 1,216,000 after acquiring 1,387,599 additional shares in the last quarter. OppenheimerFunds Inc. increased its interest in Alphabet Inc. Class A shares by 78.1% during the first quarter. OppenheimerFunds Inc. now holds 1,313,669 shares of the information services provider, valued at $ 1,362,458,000, after acquiring an additional 575,882 shares in the last quarter. BlackRock Inc. increased its ownership interest in Alphabet Inc. Class A by 1.5% in the first quarter. BlackRock Inc. now holds 18,733,196 shares of the Information Services Provider valued at $ 19,428,946,000 after acquiring an additional 269,848 shares during the last quarter. Finally, California Public Employees Retirement System increased its interest in Alphabet Inc. Class A shares by 20.5% in the first quarter. California Public Employees Retirement System now holds 1,271,699 shares valued at $ 1,318,930,000 in the information services provider's capital, after purchasing 216,119 additional shares in the last quarter. Institutional investors and hedge funds own 33.46% of the company's stock.
Several research analysts have recently commented on GOOGL's actions. Nomura began hedging class A shares of Alphabet Inc. in a research note on Tuesday, July 10. They established a "buy" rating and a $ 1,400.00 price target for the company. Barclays increased its share price target for Alphabet Inc Class A from $ 1,250.00 to $ 1,350.00 and assigned the stock an "overweight" rating in a research note on Friday July 13th. Credit Suisse Group reiterated its "outperformance" rating and set a price target of $ 1,330.00 (previously $ 1,350.00) for Class A shares of Alphabet inc. B. Riley reiterated a "buy" note on the shares of Alphabet Inc. Class A in a research note on Monday, July 16th. Finally, Royal Bank of Canada restated the "purchase" note and set a target price of $ 1,285.00 on the shares of Alphabet Inc, Class A, in a research note on Sunday, July 22. An investment analyst assigned a share price rating, four issued a sustainment rating, and thirty issued a purchase note to the company. The company currently has an average "Buy" rating and an average target price of $ 1,333.76.
GOOGL shares opened at $ 1,071.49 on Friday. The company has a market capitalization of $ 745.70 billion, a PE ratio of 33.43, a price / earnings growth ratio of 1.31 and a beta of 1.06. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02. Alphabet Inc. Class A has a minimum of 12 months of $ 984.00 and a maximum of 12 months of $ 1,291.44.
Alphabet Inc. Class A (NASDAQ: GOOGL) released its quarterly results on Thursday, October 25. The Information Service Provider reported EPS of $ 13.06 for the quarter, $ 2.52 higher than the consensus estimate of $ 10.54. The activity generated a turnover of 27.16 billion dollars for the quarter, against 27.32 billion dollars according to consensus forecasts. Alphabet Inc, Class A, had a net margin of 14.45% and a return on equity of 19.40%. According to research analysts, Alphabet Inc. Class A will post an average of 45.24 EPS for the current fiscal year.
Alphabet Inc Company Profile
Alphabet Inc., through its subsidiaries, provides online advertising services in the United States and around the world. The company offers performance and brand advertising services. It works via Google and other bets segments. The Google segment includes leading Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search and YouTube, as well as technical infrastructure and new efforts, including virtual reality .
Featured article: How to calculate compound annual growth rate (CAGR)
Get News and Reviews for Alphabet Inc Class A Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Alphabet Inc. Class A and related companies through MarketBeat.com's FREE daily e-newsletter.
Source link
