Atom Investors LP boosted its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 34.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 16,186 shares of the information services provider’s stock after acquiring an additional 4,136 shares during the quarter. Alphabet comprises about 1.5% of Atom Investors LP’s portfolio, making the stock its 6th largest position. Atom Investors LP’s holdings in Alphabet were worth $22,953,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of GOOGL. Wintrust Investments LLC boosted its holdings in Alphabet by 13.3% in the first quarter. Wintrust Investments LLC now owns 978 shares of the information services provider’s stock valued at $1,136,000 after purchasing an additional 115 shares during the last quarter. Lido Advisors LLC boosted its stake in shares of Alphabet by 4.1% in the second quarter. Lido Advisors LLC now owns 10,045 shares of the information services provider’s stock worth $14,245,000 after buying an additional 395 shares during the last quarter. Old North State Trust LLC grew its holdings in Alphabet by 36.1% during the first quarter. Old North State Trust LLC now owns 132 shares of the information services provider’s stock worth $153,000 after acquiring an additional 35 shares during the period. AE Wealth Management LLC raised its position in Alphabet by 78.3% during the second quarter. AE Wealth Management LLC now owns 12,543 shares of the information services provider’s stock valued at $17,786,000 after acquiring an additional 5,507 shares in the last quarter. Finally, Harwood Advisory Group LLC lifted its holdings in Alphabet by 32.1% in the first quarter. Harwood Advisory Group LLC now owns 420 shares of the information services provider’s stock valued at $487,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds own 33.78% of the company’s stock.
GOOGL stock traded down $48.30 during midday trading on Friday, hitting $1,581.21. 2,770,392 shares of the company’s stock were exchanged, compared to its average volume of 1,513,487. Alphabet Inc has a 1-year low of $1,008.87 and a 1-year high of $1,726.10. The company has a current ratio of 3.41, a quick ratio of 3.40 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1,075.48 billion, a PE ratio of 34.77, a P/E/G ratio of 2.16 and a beta of 1.07. The business has a 50-day simple moving average of $1,544.75 and a two-hundred day simple moving average of $1,391.18.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, July 30th. The information services provider reported $10.13 earnings per share for the quarter, topping analysts’ consensus estimates of $8.43 by $1.70. The business had revenue of $31.60 billion during the quarter, compared to analysts’ expectations of $30.58 billion. Alphabet had a return on equity of 15.62% and a net margin of 18.99%. As a group, research analysts expect that Alphabet Inc will post 44.74 EPS for the current fiscal year.
GOOGL has been the subject of several analyst reports. Credit Suisse Group boosted their target price on shares of Alphabet from $1,600.00 to $1,850.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. BMO Capital Markets increased their target price on shares of Alphabet from $1,550.00 to $1,750.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. JMP Securities lifted their price target on Alphabet from $1,500.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. SunTrust Banks upped their price target on Alphabet from $1,805.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $1,750.00 price objective (up from $1,575.00) on shares of Alphabet in a report on Monday, July 27th. Four research analysts have rated the stock with a hold rating and forty have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $1,662.16.
Alphabet Company 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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