Athanor Capital LP boosted its position in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 3,780.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,700 shares of the information services provider’s stock after acquiring an additional 9,450 shares during the period. Alphabet Inc Class A accounts for about 4.7% of Athanor Capital LP’s investment portfolio, making the stock its 6th largest position. Athanor Capital LP’s holdings in Alphabet Inc Class A were worth $10,060,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P raised its stake in Alphabet Inc Class A by 0.6% during the 1st quarter. Loomis Sayles & Co. L P now owns 1,039,584 shares of the information services provider’s stock worth $1,078,194,000 after acquiring an additional 6,024 shares during the period. Mutual Advisors LLC raised its position in shares of Alphabet Inc Class A by 77.1% during the first quarter. Mutual Advisors LLC now owns 1,656 shares of the information services provider’s stock valued at $1,718,000 after buying an additional 721 shares during the last quarter. Arnhold LLC bought a new stake in shares of Alphabet Inc Class A during the first quarter valued at approximately $12,488,000. Elite Wealth Management Inc. raised its position in shares of Alphabet Inc Class A by 4.9% during the first quarter. Elite Wealth Management Inc. now owns 4,395 shares of the information services provider’s stock valued at $4,558,000 after buying an additional 205 shares during the last quarter. Finally, Polen Capital Management LLC raised its position in shares of Alphabet Inc Class A by 0.5% during the first quarter. Polen Capital Management LLC now owns 342,555 shares of the information services provider’s stock valued at $355,277,000 after buying an additional 1,541 shares during the last quarter. Institutional investors own 33.53% of the company’s stock.

NASDAQ GOOGL opened at $1,248.64 on Tuesday. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. The firm has a market cap of $871.68 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 1.58 and a beta of 1.13. Alphabet Inc Class A has a 52 week low of $918.60 and a 52 week high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping the consensus estimate of $9.51 by $2.24. The company had revenue of $26.24 billion during the quarter, compared to analyst estimates of $25.64 billion. Alphabet Inc Class A had a net margin of 13.16% and a return on equity of 18.24%. During the same period in the previous year, the firm earned $5.01 earnings per share. analysts predict that Alphabet Inc Class A will post 42.73 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on GOOGL shares. Vetr cut shares of Alphabet Inc Class A from a “strong-buy” rating to a “buy” rating and set a $1,156.80 price objective on the stock. in a research report on Monday, April 16th. Credit Suisse Group reiterated an “outperform” rating on shares of Alphabet Inc Class A in a research report on Friday, April 20th. Stifel Nicolaus reiterated a “hold” rating and set a $1,150.00 price objective on shares of Alphabet Inc Class A in a research report on Monday, April 23rd. Pivotal Research reduced their price objective on shares of Alphabet Inc Class A from $1,040.00 to $970.00 and set a “hold” rating on the stock in a research report on Tuesday, April 24th. Finally, KeyCorp reiterated an “overweight” rating and set a $1,230.00 price objective (down previously from $1,280.00) on shares of Alphabet Inc Class A in a research report on Tuesday, April 24th. Five research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,297.51.

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

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