Jones Financial Companies Lllp lowered its holdings in Alphabet Inc Class A (NASDAQ:GOOGL) by 5.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,815 shares of the information services provider’s stock after selling 748 shares during the quarter. Jones Financial Companies Lllp’s holdings in Alphabet Inc Class A were worth $13,291,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Budros Ruhlin & Roe Inc. increased its position in shares of Alphabet Inc Class A by 8.5% in the first quarter. Budros Ruhlin & Roe Inc. now owns 611 shares of the information services provider’s stock valued at $633,000 after buying an additional 48 shares in the last quarter. BSW Wealth Partners increased its position in shares of Alphabet Inc Class A by 10.7% in the first quarter. BSW Wealth Partners now owns 507 shares of the information services provider’s stock valued at $526,000 after buying an additional 49 shares in the last quarter. Brave Asset Management Inc. increased its position in shares of Alphabet Inc Class A by 10.5% in the fourth quarter. Brave Asset Management Inc. now owns 527 shares of the information services provider’s stock valued at $555,000 after buying an additional 50 shares in the last quarter. Gruss & Co. Inc. increased its position in shares of Alphabet Inc Class A by 1.0% in the fourth quarter. Gruss & Co. Inc. now owns 5,100 shares of the information services provider’s stock valued at $5,372,000 after buying an additional 50 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its position in shares of Alphabet Inc Class A by 1.4% in the first quarter. Joel Isaacson & Co. LLC now owns 3,680 shares of the information services provider’s stock valued at $3,817,000 after buying an additional 50 shares in the last quarter. 33.54% of the stock is owned by institutional investors.

GOOGL opened at $1,252.51 on Friday. 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 stock has a market capitalization of $877.82 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. Alphabet Inc Class A has a 12 month low of $918.60 and a 12 month high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, beating the consensus estimate of $9.51 by $2.24. The company had revenue of $26.24 billion during the quarter, compared to analysts’ expectations of $25.64 billion. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. During the same quarter in the previous year, the business earned $5.01 EPS. sell-side analysts forecast that Alphabet Inc Class A will post 42.73 EPS for the current fiscal year.

A number of brokerages have recently weighed in on GOOGL. Argus raised their price target on Alphabet Inc Class A to $1,450.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. SunTrust Banks raised their price target on Alphabet Inc Class A to $1,370.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. Royal Bank of Canada raised their price target on Alphabet Inc Class A to $1,400.00 and gave the company an “outperform” rating in a research report on Tuesday, July 24th. Bank of America restated a “buy” rating and issued a $1,390.00 price target (up previously from $1,270.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $1,375.00 price target (up previously from $1,330.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. Five research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. Alphabet Inc Class A currently has an average rating of “Buy” and a consensus target price of $1,297.51.

About Alphabet Inc Class A

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.

See Also: Google Finance

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 Class A (NASDAQ:GOOGL).

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

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