Stelac Advisory Services LLC boosted its position in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 23.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,153 shares of the information services provider’s stock after buying an additional 217 shares during the period. Alphabet Inc Class A accounts for approximately 0.4% of Stelac Advisory Services LLC’s portfolio, making the stock its 27th biggest holding. Stelac Advisory Services LLC’s holdings in Alphabet Inc Class A were worth $1,302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Alphabet Inc Class A by 1.5% in the first quarter. BlackRock Inc. now owns 18,733,196 shares of the information services provider’s stock valued at $19,428,946,000 after buying an additional 269,848 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Alphabet Inc Class A by 134,676.9% in the first quarter. Summit Trail Advisors LLC now owns 17,938,806 shares of the information services provider’s stock valued at $17,939,000 after buying an additional 17,925,496 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Alphabet Inc Class A by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 3,285,692 shares of the information services provider’s stock valued at $3,454,154,000 after buying an additional 87,329 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Alphabet Inc Class A by 1.0% in the first quarter. American Century Companies Inc. now owns 2,266,027 shares of the information services provider’s stock valued at $2,350,187,000 after buying an additional 23,524 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in shares of Alphabet Inc Class A by 78.1% in the first quarter. OppenheimerFunds Inc. now owns 1,313,669 shares of the information services provider’s stock valued at $1,362,458,000 after buying an additional 575,882 shares in the last quarter. 33.56% of the stock is currently owned by institutional investors.

A number of analysts have commented on GOOGL shares. Zacks Investment Research downgraded Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. B. Riley boosted their target price on Alphabet Inc Class A from $1,350.00 to $1,475.00 and gave the stock a “buy” rating in a research report on Tuesday, July 24th. JMP Securities boosted their target price on Alphabet Inc Class A from $1,235.00 to $1,390.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 24th. Nomura started coverage on Alphabet Inc Class A in a research report on Tuesday, July 10th. They set a “buy” rating and a $1,400.00 target price on the stock. Finally, SunTrust Banks boosted their target price on Alphabet Inc Class A to $1,370.00 and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Five research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,317.07.

NASDAQ GOOGL opened at $1,172.12 on Friday. Alphabet Inc Class A has a fifty-two week low of $924.51 and a fifty-two week high of $1,291.44. The firm has a market capitalization of $815.73 billion, a PE ratio of 28.62, a P/E/G ratio of 1.49 and a beta of 1.10. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02.

Alphabet Inc Class A (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, topping the Zacks’ 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 analysts’ expectations of $25.64 billion. During the same period in the previous year, the firm posted $5.01 earnings per share. research analysts predict that Alphabet Inc Class A will post 42.46 earnings per share for the current fiscal 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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