29,368 Shares in Alphabet Inc Class A (GOOGL) Acquired by Barings LLC

Barings LLC bought a new stake in Alphabet Inc Class A (NASDAQ:GOOGL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,368 shares of the information services provider’s stock, valued at approximately $33,162,000.

A number of other institutional investors have also recently bought and sold shares of GOOGL. HC Financial Advisors Inc. bought a new stake in shares of Alphabet Inc Class A during the fourth quarter worth $616,000. BigSur Wealth Management LLC bought a new stake in shares of Alphabet Inc Class A during the first quarter worth $302,000. Carnick & Kubik Group LLC grew its stake in shares of Alphabet Inc Class A by 4.2% during the first quarter. Carnick & Kubik Group LLC now owns 3,638 shares of the information services provider’s stock worth $3,773,000 after buying an additional 145 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd grew its stake in shares of Alphabet Inc Class A by 25.0% during the first quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 500 shares of the information services provider’s stock worth $519,000 after buying an additional 100 shares during the last quarter. Finally, Weatherstone Capital Management grew its stake in shares of Alphabet Inc Class A by 33.0% during the first quarter. Weatherstone Capital Management now owns 544 shares of the information services provider’s stock worth $564,000 after buying an additional 135 shares during the last quarter. 33.48% of the stock is currently owned by institutional investors.

Several brokerages recently weighed in on GOOGL. Bank of America reduced their price objective on shares of Alphabet Inc Class A from $1,390.00 to $1,350.00 and set a “buy” rating on the stock in a research note on Friday. Credit Suisse Group reissued an “outperform” rating and issued a $1,330.00 price objective (down previously from $1,350.00) on shares of Alphabet Inc Class A in a research note on Monday, July 16th. Macquarie reissued a “buy” rating and issued a $1,250.00 price objective on shares of Alphabet Inc Class A in a research note on Monday, August 27th. Pivotal Research reduced their price objective on shares of Alphabet Inc Class A from $1,080.00 to $1,010.00 and set a “hold” rating on the stock in a research note on Friday, October 12th. Finally, Citigroup reissued a “buy” rating and issued a $1,400.00 price objective (up previously from $1,350.00) on shares of Alphabet Inc Class A in a research note on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $1,334.23.



Shares of GOOGL opened at $1,083.75 on Friday. The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02. The firm has a market cap of $768.04 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 1.39 and a beta of 1.10. Alphabet Inc Class A has a 12 month low of $984.00 and a 12 month high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, beating the Zacks’ consensus estimate of $10.54 by $2.52. The business had revenue of $27.16 billion for the quarter, compared to analysts’ expectations of $27.32 billion. Alphabet Inc Class A had a net margin of 14.45% and a return on equity of 19.75%. As a group, sell-side analysts predict that Alphabet Inc Class A will post 42.85 EPS for the current year.

Alphabet Inc Class A 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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