Stelac Advisory Services LLC Raises Holdings in Alphabet Inc (NASDAQ:GOOGL)

Stelac Advisory Services LLC lifted its stake in Alphabet Inc (NASDAQ:GOOGL) by 1.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 958 shares of the information services provider’s stock after buying an additional 14 shares during the quarter. Stelac Advisory Services LLC’s holdings in Alphabet were worth $1,358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GOOGL. Sunbelt Securities Inc. boosted its position in Alphabet by 7.3% during the fourth quarter. Sunbelt Securities Inc. now owns 2,851 shares of the information services provider’s stock worth $3,615,000 after purchasing an additional 193 shares in the last quarter. Fulton Bank N.A. boosted its position in Alphabet by 8.1% during the first quarter. Fulton Bank N.A. now owns 6,722 shares of the information services provider’s stock worth $7,811,000 after purchasing an additional 505 shares in the last quarter. Gantzert Investment Co. LLC ADV boosted its position in Alphabet by 7.6% during the first quarter. Gantzert Investment Co. LLC ADV now owns 3,983 shares of the information services provider’s stock worth $4,628,000 after purchasing an additional 282 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in Alphabet by 10.2% during the first quarter. Foundations Investment Advisors LLC now owns 1,442 shares of the information services provider’s stock worth $1,589,000 after purchasing an additional 134 shares in the last quarter. Finally, RDA Financial Network boosted its position in Alphabet by 6.9% during the first quarter. RDA Financial Network now owns 1,198 shares of the information services provider’s stock worth $1,392,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 34.14% of the company’s stock.

Alphabet stock opened at $1,487.95 on Friday. Alphabet Inc has a 1-year low of $1,008.87 and a 1-year high of $1,587.05. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 3.64. The stock has a market cap of $1,050.12 billion, a PE ratio of 32.72, a P/E/G ratio of 2.35 and a beta of 1.06. The stock’s fifty day moving average is $1,473.93 and its two-hundred day moving average is $1,375.65.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, July 30th. The information services provider reported $10.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $8.43 by $1.70. Alphabet had a return on equity of 15.77% and a net margin of 18.99%. The company had revenue of $31.60 billion for the quarter, compared to analysts’ expectations of $30.58 billion. On average, research analysts expect that Alphabet Inc will post 42.07 earnings per share for the current fiscal year.

GOOGL has been the topic of a number of recent analyst reports. Wells Fargo & Co reiterated a “buy” rating and set a $1,750.00 price target (up previously from $1,575.00) on shares of Alphabet in a research report on Monday, July 27th. Morgan Stanley increased their target price on Alphabet from $1,700.00 to $1,760.00 and gave the company an “overweight” rating in a report on Friday. Pivotal Research increased their target price on Alphabet from $1,575.00 to $1,725.00 and gave the company a “buy” rating in a report on Friday. BofA Securities increased their target price on Alphabet from $1,610.00 to $1,730.00 and gave the company a “buy” rating in a report on Friday. Finally, Nomura increased their price target on Alphabet from $1,680.00 to $1,700.00 in a report on Wednesday, April 29th. Four research analysts have rated the stock with a hold rating and forty have issued a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average target price of $1,657.51.

Alphabet 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.

Featured Article: Capital Gains Distribution

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOGL).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.