Univest Corp of Pennsylvania cut its stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 3.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,919 shares of the information services provider’s stock after selling 179 shares during the period. Alphabet Inc Class A makes up approximately 2.2% of Univest Corp of Pennsylvania’s holdings, making the stock its 7th largest holding. Univest Corp of Pennsylvania’s holdings in Alphabet Inc Class A were worth $5,554,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in GOOGL. Well Done LLC acquired a new position in shares of Alphabet Inc Class A in the 1st quarter valued at approximately $107,000. Westchester Capital Management Inc. raised its position 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. Financial Gravity Companies Inc. acquired a new position in shares of Alphabet Inc Class A in the 4th quarter valued at approximately $138,000. KHP Capital LLC acquired a new position in shares of Alphabet Inc Class A in the 1st quarter valued at approximately $124,000. Finally, Private Ocean LLC raised its position in shares of Alphabet Inc Class A by 355.6% in the 1st quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 96 shares in the last quarter. 33.62% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on GOOGL. Monness Crespi & Hardt upped their target price on Alphabet Inc Class A from $1,306.00 to $1,415.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. Zacks Investment Research lowered Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Canaccord Genuity reaffirmed a “hold” rating and issued a $1,170.00 target price (up from $1,050.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. ValuEngine raised Alphabet Inc Class A from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $1,250.00 target price (up from $1,200.00) on shares of Alphabet Inc Class A in a research report on Thursday, June 28th. Five analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Alphabet Inc Class A has an average rating of “Buy” and a consensus price target of $1,313.72.

GOOGL stock opened at $1,177.98 on Friday. The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02. The company has a market cap of $815.37 billion, a P/E ratio of 28.61, a PEG ratio of 1.49 and a beta of 1.10. Alphabet Inc Class A has a 12-month low of $924.51 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $9.51 by $2.24. The business had revenue of $26.24 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company posted $5.01 EPS. sell-side analysts expect that Alphabet Inc Class A will post 42.46 earnings per share for the current year.

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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