Macquarie Group Ltd. Has $260,833,000 Position in Alphabet Inc. (GOOGL)
Macquarie Group Ltd. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,750 shares of the company’s stock after selling 36,688 shares during the period. Macquarie Group Ltd. owned 0.05% of Alphabet worth $260,833,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Alphabet by 97.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 146 shares of the company’s stock worth $102,000 after buying an additional 72 shares during the last quarter. Archford Capital Strategies LLC increased its stake in shares of Alphabet by 29.8% in the second quarter. Archford Capital Strategies LLC now owns 148 shares of the company’s stock worth $104,000 after buying an additional 34 shares during the last quarter. Roble Belko & Company Inc increased its stake in shares of Alphabet by 294.9% in the second quarter. Roble Belko & Company Inc now owns 154 shares of the company’s stock worth $108,000 after buying an additional 115 shares during the last quarter. MCF Advisors LLC increased its stake in shares of Alphabet by 1.9% in the second quarter. MCF Advisors LLC now owns 159 shares of the company’s stock worth $112,000 after buying an additional 3 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd bought a new stake in shares of Alphabet during the second quarter worth about $117,000. Institutional investors and hedge funds own 34.07% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOGL) traded down 1.30% on Friday, reaching $775.97. The company had a trading volume of 1,806,264 shares. The company has a market capitalization of $534.83 billion, a PE ratio of 28.40 and a beta of 0.92. The company’s 50-day moving average is $803.25 and its 200-day moving average is $769.60. Alphabet Inc. has a 52-week low of $672.66 and a 52-week high of $839.00.
A number of equities analysts recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Alphabet from $888.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, July 29th. RBC Capital Markets reissued an “outperform” rating and issued a $1,025.00 price objective on shares of Alphabet in a report on Thursday, November 3rd. Jefferies Group reissued a “buy” rating and issued a $1,000.00 price objective (up previously from $925.00) on shares of Alphabet in a report on Sunday, July 31st. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $907.00 price objective on the stock in a report on Wednesday, October 12th. Finally, Axiom Securities raised their price objective on shares of Alphabet from $970.00 to $990.00 and gave the stock a “buy” rating in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and forty-six have assigned a buy rating to the stock. Alphabet has a consensus rating of “Buy” and an average target price of $940.39.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
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