Braun Bostich & Associates Inc. bought a new stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) in the 1st quarter, HoldingsChannel.com reports. The firm bought 594 shares of the information services provider’s stock, valued at approximately $616,000.

A number of other hedge funds have also recently made changes to their positions in GOOGL. Well Done LLC purchased a new stake in shares of Alphabet Inc Class A during the first quarter valued at $107,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in shares of Alphabet Inc Class A during the fourth quarter valued at $108,000. Westchester Capital Management Inc. lifted its holdings in shares of Alphabet Inc Class A by 1,262.5% during the first quarter. Westchester Capital Management Inc. now owns 109 shares of the information services provider’s stock valued at $113,000 after purchasing an additional 101 shares during the last quarter. KHP Capital LLC purchased a new stake in shares of Alphabet Inc Class A during the first quarter valued at $124,000. Finally, Lee Financial Co lifted its holdings in shares of Alphabet Inc Class A by 500.0% during the fourth quarter. Lee Financial Co now owns 120 shares of the information services provider’s stock valued at $126,000 after purchasing an additional 100 shares during the last quarter. 33.60% of the stock is owned by institutional investors and hedge funds.

Shares of GOOGL stock opened at $1,245.86 on Wednesday. The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02. Alphabet Inc Class A has a fifty-two week low of $919.31 and a fifty-two week high of $1,291.44. The stock has a market capitalization of $860.71 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 1.56 and a beta of 1.13.

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

Several equities research analysts have recently commented on GOOGL shares. Aegis upped their target price on Alphabet Inc Class A from $1,350.00 to $1,360.00 and gave the company a “buy” rating in a report on Thursday, May 17th. Morgan Stanley reissued an “overweight” rating and issued a $1,250.00 price objective (up from $1,200.00) on shares of Alphabet Inc Class A in a research note on Thursday, June 28th. Zacks Investment Research downgraded Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. ValuEngine raised Alphabet Inc Class A from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Finally, Nomura started coverage on Alphabet Inc Class A in a research note on Tuesday, July 10th. They issued a “buy” rating and a $1,400.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. Alphabet Inc Class A presently has a consensus rating of “Buy” and an average price target of $1,301.95.

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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