Gilman Hill Asset Management LLC increased its stake in Alphabet Inc Class A (NASDAQ:GOOGL) by 13.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460 shares of the information services provider’s stock after acquiring an additional 55 shares during the period. Gilman Hill Asset Management LLC’s holdings in Alphabet Inc Class A were worth $519,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GOOGL. New England Research & Management Inc. boosted its holdings in Alphabet Inc Class A by 87.3% during the second quarter. New England Research & Management Inc. now owns 751 shares of the information services provider’s stock worth $848,000 after buying an additional 350 shares in the last quarter. Swarthmore Group Inc. boosted its holdings in Alphabet Inc Class A by 6.3% during the second quarter. Swarthmore Group Inc. now owns 8,050 shares of the information services provider’s stock worth $9,090,000 after buying an additional 475 shares in the last quarter. AustralianSuper Pty Ltd boosted its holdings in Alphabet Inc Class A by 7.6% during the first quarter. AustralianSuper Pty Ltd now owns 126,900 shares of the information services provider’s stock worth $131,613,000 after buying an additional 8,962 shares in the last quarter. Fosun International Ltd boosted its holdings in Alphabet Inc Class A by 78.9% during the first quarter. Fosun International Ltd now owns 5,690 shares of the information services provider’s stock worth $5,901,000 after buying an additional 2,509 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its holdings in Alphabet Inc Class A by 117.5% during the first quarter. Hilltop Holdings Inc. now owns 1,855 shares of the information services provider’s stock worth $1,924,000 after buying an additional 1,002 shares in the last quarter. Institutional investors and hedge funds own 33.56% of the company’s stock.

Shares of NASDAQ:GOOGL opened at $1,207.36 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13. The company has a market capitalization of $830.88 billion, a P/E ratio of 37.67, a PEG ratio of 1.51 and a beta of 1.10. Alphabet Inc Class A has a 52 week low of $955.55 and a 52 week high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last released its earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.51 by $2.24. Alphabet Inc Class A had a net margin of 13.16% and a return on equity of 18.24%. The company had revenue of $26.24 billion during the quarter, compared to the consensus estimate of $25.64 billion. During the same quarter in the prior year, the firm earned $5.01 EPS. research analysts expect that Alphabet Inc Class A will post 42.46 earnings per share for the current year.

A number of analysts recently weighed in on the stock. Monness Crespi & Hardt raised their target price on shares of Alphabet Inc Class A from $1,306.00 to $1,415.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. Zacks Investment Research cut shares of Alphabet Inc Class A from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Canaccord Genuity restated a “hold” rating and set a $1,170.00 target price (up from $1,050.00) on shares of Alphabet Inc Class A in a report on Tuesday, July 24th. ValuEngine upgraded shares of Alphabet Inc Class A from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Finally, Morgan Stanley restated an “overweight” rating and set a $1,250.00 target price (up from $1,200.00) on shares of Alphabet Inc Class A in a report on Thursday, June 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-one have given a buy rating to the company. Alphabet Inc Class A presently has a consensus rating of “Buy” and an average target price of $1,317.07.

About Alphabet Inc Class A

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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