Mycio Wealth Partners LLC lifted its position in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 3.7% in the second quarter, HoldingsChannel.com reports. The firm owned 3,844 shares of the information services provider’s stock after purchasing an additional 136 shares during the period. Alphabet Inc Class A comprises 0.4% of Mycio Wealth Partners LLC’s investment portfolio, making the stock its 29th largest position. Mycio Wealth Partners LLC’s holdings in Alphabet Inc Class A were worth $4,341,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. HC Financial Advisors Inc. acquired a new stake in Alphabet Inc Class A during the 4th quarter worth approximately $616,000. Stelac Advisory Services LLC increased its position in Alphabet Inc Class A by 61.2% during the 4th quarter. Stelac Advisory Services LLC now owns 208 shares of the information services provider’s stock worth $219,000 after purchasing an additional 79 shares in the last quarter. CDAM UK Ltd acquired a new stake in Alphabet Inc Class A during the 4th quarter worth approximately $71,929,000. West Chester Capital Advisors Inc. acquired a new stake in Alphabet Inc Class A in the fourth quarter valued at approximately $418,000. Finally, Brown Advisory Securities LLC grew its position in Alphabet Inc Class A by 4.6% in the fourth quarter. Brown Advisory Securities LLC now owns 10,224 shares of the information services provider’s stock valued at $10,777,000 after acquiring an additional 453 shares in the last quarter. Institutional investors own 33.56% of the company’s stock.

GOOGL has been the subject of several recent research reports. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $1,400.00 price objective (up previously from $1,275.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. B. Riley increased their price objective on shares of Alphabet Inc Class A from $1,350.00 to $1,475.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. Barclays increased their price objective on shares of Alphabet Inc Class A from $1,250.00 to $1,350.00 and gave the company an “overweight” rating in a research report on Friday, July 13th. Zacks Investment Research raised shares of Alphabet Inc Class A from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $1,375.00 price objective (up previously from $1,330.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. Five research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $1,313.72.

Alphabet Inc Class A stock opened at $1,174.27 on Thursday. The company has a market cap of $812.25 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 1.48 and a beta of 1.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13. Alphabet Inc Class A has a 52 week low of $924.51 and a 52 week high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $26.24 billion for the quarter, compared to analysts’ expectations of $25.64 billion. During the same period last year, the business posted $5.01 earnings per share. analysts forecast that Alphabet Inc Class A will post 42.46 earnings per share for the current year.

Alphabet Inc Class A 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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