Duncker Streett & Co. Inc. increased its position in Alphabet Inc Class A (NASDAQ:GOOGL) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,507 shares of the information services provider’s stock after acquiring an additional 265 shares during the quarter. Alphabet Inc Class A comprises approximately 1.0% of Duncker Streett & Co. Inc.’s holdings, making the stock its 17th biggest position. Duncker Streett & Co. Inc.’s holdings in Alphabet Inc Class A were worth $3,960,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Well Done LLC purchased a new stake in Alphabet Inc Class A during the 1st quarter valued at approximately $107,000. Westchester Capital Management Inc. grew its holdings in Alphabet Inc Class A by 1,262.5% during the 1st quarter. Westchester Capital Management Inc. now owns 109 shares of the information services provider’s stock valued at $113,000 after buying an additional 101 shares in the last quarter. KHP Capital LLC purchased a new stake in Alphabet Inc Class A during the 1st quarter valued at approximately $124,000. Private Ocean LLC grew its holdings in Alphabet Inc Class A by 355.6% during the 1st quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock valued at $127,000 after buying an additional 96 shares in the last quarter. Finally, Highlander Capital Management LLC grew its holdings in Alphabet Inc Class A by 333.3% during the 1st quarter. Highlander Capital Management LLC now owns 130 shares of the information services provider’s stock valued at $133,000 after buying an additional 100 shares in the last quarter. 33.56% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on GOOGL shares. B. Riley reaffirmed a “buy” rating on shares of Alphabet Inc Class A in a report on Monday, July 16th. Nomura started coverage on shares of Alphabet Inc Class A in a report on Tuesday, July 10th. They set a “buy” rating and a $1,400.00 price objective for the company. ValuEngine raised shares of Alphabet Inc Class A from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Monness Crespi & Hardt increased their price objective on shares of Alphabet Inc Class A from $1,306.00 to $1,415.00 and gave the company a “buy” rating in a report on Tuesday, July 24th. Finally, Citigroup reaffirmed a “buy” rating and set a $1,400.00 price objective (up from $1,350.00) on shares of Alphabet Inc Class A in a report on Tuesday, July 24th. One equities 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. The company currently has a consensus rating of “Buy” and an average price target of $1,317.07.

Shares of GOOGL opened at $1,194.06 on Thursday. The firm has a market capitalization of $820.91 billion, a P/E ratio of 37.26, a P/E/G ratio of 1.50 and a beta of 1.10. Alphabet Inc Class A has a 52-week low of $941.95 and a 52-week 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.

Alphabet Inc Class A (NASDAQ:GOOGL) last issued its quarterly 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. The company had revenue of $26.24 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $5.01 earnings per share. sell-side analysts anticipate that Alphabet Inc Class A will post 42.46 earnings per share for the current fiscal year.

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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