Gardiner Nancy B Has $1.28 Million Stake in Alphabet Inc. (GOOGL)
Gardiner Nancy B grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,376 shares of the information services provider’s stock after buying an additional 83 shares during the period. Alphabet accounts for approximately 2.6% of Gardiner Nancy B’s investment portfolio, making the stock its 16th largest position. Gardiner Nancy B’s holdings in Alphabet were worth $1,279,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Investec Asset Management LTD raised its holdings in Alphabet by 62.7% in the 1st quarter. Investec Asset Management LTD now owns 621,109 shares of the information services provider’s stock valued at $526,576,000 after buying an additional 239,390 shares during the period. Karp Capital Management Corp boosted its stake in Alphabet by 5,218.2% during the first quarter. Karp Capital Management Corp now owns 199,752 shares of the information services provider’s stock worth $169,350,000 after buying an additional 195,996 shares during the period. State Street Corp boosted its stake in Alphabet by 1.2% during the first quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock worth $10,128,119,000 after buying an additional 142,214 shares during the period. Boston Partners boosted its stake in Alphabet by 9.9% during the first quarter. Boston Partners now owns 970,802 shares of the information services provider’s stock worth $823,046,000 after buying an additional 87,783 shares during the period. Finally, Scopus Asset Management L.P. purchased a new position in Alphabet during the first quarter worth about $72,063,000. 33.85% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently weighed in on GOOGL. B. Riley reaffirmed a “buy” rating and set a $1,050.00 price objective on shares of Alphabet in a research report on Sunday, July 30th. Cowen and Company reiterated an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a report on Thursday, August 10th. Bank of America Corporation reissued a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research report on Tuesday, September 26th. Wells Fargo & Company reissued an “outperform” rating and issued a $1,250.00 target price on shares of Alphabet in a research report on Wednesday, September 27th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a research note on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,056.14.
Alphabet Inc. (NASDAQ:GOOGL) opened at 967.47 on Tuesday. The firm has a 50-day moving average of $942.69 and a 200-day moving average of $934.82. Alphabet Inc. has a one year low of $743.59 and a one year high of $1,008.61. The stock has a market capitalization of $670.34 billion, a PE ratio of 35.06 and a beta of 0.96.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing analysts’ consensus estimates of $8.25 by ($3.24). The company had revenue of $20.92 billion for the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same quarter in the prior year, the firm earned $8.42 earnings per share. On average, equities research analysts forecast that Alphabet Inc. will post $30.59 earnings per share for the current year.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL).
Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.