Alphabet Inc Class A (GOOGL) Shares Bought by Global Financial Private Capital LLC

Global Financial Private Capital LLC increased its stake in Alphabet Inc Class A (NASDAQ:GOOGL) by 11.1% during the 2nd quarter, Holdings Channel reports. The fund owned 4,321 shares of the information services provider’s stock after buying an additional 431 shares during the period. Global Financial Private Capital LLC’s holdings in Alphabet Inc Class A were worth $4,879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Well Done LLC purchased a new position in Alphabet Inc Class A in the first quarter valued at approximately $107,000. Westchester Capital Management Inc. raised its holdings in Alphabet Inc Class A by 1,262.5% in the first quarter. Westchester Capital Management Inc. now owns 109 shares of the information services provider’s stock valued at $113,000 after buying an additional 101 shares during the period. KHP Capital LLC purchased a new position in Alphabet Inc Class A in the first quarter valued at approximately $124,000. Emerald Investment Partners LLC purchased a new position in Alphabet Inc Class A in the second quarter valued at approximately $137,000. Finally, Private Ocean LLC raised its holdings in Alphabet Inc Class A by 355.6% in the first quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock valued at $127,000 after buying an additional 96 shares during the period. 33.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:GOOGL opened at $1,083.75 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13. The firm has a market capitalization of $754.23 billion, a P/E ratio of 33.81, a P/E/G ratio of 1.36 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.54 by $2.52. The business had revenue of $27.16 billion during the quarter, compared to analyst estimates of $27.32 billion. Alphabet Inc Class A had a net margin of 14.45% and a return on equity of 19.75%. Equities research analysts predict that Alphabet Inc Class A will post 42.98 earnings per share for the current year.

Several research analysts recently commented on the stock. Canaccord Genuity restated a “hold” rating and issued a $1,140.00 price target (down previously from $1,170.00) on shares of Alphabet Inc Class A in a report on Friday. Goldman Sachs Group dropped their price objective on shares of Alphabet Inc Class A from $1,500.00 to $1,300.00 and set a “buy” rating on the stock in a research note on Friday. Barclays dropped their price objective on shares of Alphabet Inc Class A from $1,415.00 to $1,400.00 and set an “overweight” rating on the stock in a research note on Friday. Bank of America dropped 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. Finally, Monness Crespi & Hardt dropped their price objective on shares of Alphabet Inc Class A from $1,415.00 to $1,315.00 and set a “buy” rating on the stock in a research note on Friday. One equities 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 company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,334.23.

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.

Further Reading: Investing in Growth Stocks

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Institutional Ownership by Quarter for Alphabet Inc Class A (NASDAQ:GOOGL)

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