Moors & Cabot Inc. raised its stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 6.9% in the first quarter, Holdings Channel reports. The institutional investor owned 3,538 shares of the information services provider’s stock after acquiring an additional 227 shares during the period. Moors & Cabot Inc.’s holdings in Alphabet Inc Class A were worth $3,669,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Well Done LLC purchased a new position in shares of Alphabet Inc Class A in the 1st quarter valued at about $107,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in shares of Alphabet Inc Class A in the 4th quarter valued at about $108,000. Westchester Capital Management Inc. increased its stake in shares of Alphabet Inc Class A by 1,262.5% in the 1st 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 in the last quarter. KHP Capital LLC purchased a new position in shares of Alphabet Inc Class A in the 1st quarter valued at about $124,000. Finally, Lee Financial Co increased its stake in shares of Alphabet Inc Class A by 500.0% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 33.60% of the company’s stock.

Several brokerages recently weighed in on GOOGL. 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 note on Tuesday, July 24th. SunTrust Banks lifted their price target on Alphabet Inc Class A to $1,370.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. Royal Bank of Canada lifted their price target on Alphabet Inc Class A to $1,400.00 and gave the company an “outperform” rating in a research note on Tuesday, July 24th. Argus lifted their price target on Alphabet Inc Class A to $1,450.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Finally, Macquarie restated a “buy” rating and issued a $1,250.00 price target on shares of Alphabet Inc Class A in a research note on Monday. Five research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. Alphabet Inc Class A presently has an average rating of “Buy” and a consensus price target of $1,307.23.

NASDAQ:GOOGL opened at $1,254.44 on Friday. Alphabet Inc Class A has a 12 month low of $919.31 and a 12 month high of $1,291.44. 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 company has a market cap of $867.05 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.57 and a beta of 1.13.

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 Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $25.64 billion. During the same period in the previous year, the business earned $5.01 EPS. equities research analysts forecast that Alphabet Inc Class A will post 42.73 earnings per share for the current year.

Alphabet Inc Class A 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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