Alphabet Inc Class A (GOOGL) Holdings Lifted by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. boosted its stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 73.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the information services provider’s stock after acquiring an additional 1,700 shares during the quarter. Alphabet Inc Class A accounts for 2.1% of Mitsubishi UFJ Asset Management UK Ltd.’s portfolio, making the stock its 7th largest position. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Alphabet Inc Class A were worth $4,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. K2 Principal Fund L.P. boosted its holdings in Alphabet Inc Class A by 89.2% in the fourth quarter. K2 Principal Fund L.P. now owns 60,753 shares of the information services provider’s stock valued at $63,997,000 after acquiring an additional 28,647 shares during the last quarter. New England Research & Management Inc. boosted its holdings in Alphabet Inc Class A by 87.3% in the second quarter. New England Research & Management Inc. now owns 751 shares of the information services provider’s stock valued at $848,000 after acquiring an additional 350 shares during the last quarter. AustralianSuper Pty Ltd boosted its holdings in Alphabet Inc Class A by 7.6% in the first quarter. AustralianSuper Pty Ltd now owns 126,900 shares of the information services provider’s stock valued at $131,613,000 after acquiring an additional 8,962 shares during the last quarter. Fosun International Ltd boosted its holdings in Alphabet Inc Class A by 78.9% in the first quarter. Fosun International Ltd now owns 5,690 shares of the information services provider’s stock valued at $5,901,000 after acquiring an additional 2,509 shares during the last quarter. Finally, Ffcm LLC bought a new position in Alphabet Inc Class A in the first quarter valued at about $3,017,000. Institutional investors own 33.62% of the company’s stock.

NASDAQ GOOGL opened at $1,177.98 on Monday. Alphabet Inc Class A has a 12 month low of $924.51 and a 12 month high of $1,291.44. The stock has a market capitalization of $815.37 billion, a price-to-earnings ratio of 36.75, a P/E/G ratio of 1.49 and a beta of 1.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.13 and a current ratio of 4.15.

Alphabet Inc Class A (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $25.64 billion. During the same quarter in the previous year, the company posted $5.01 EPS. equities research analysts expect that Alphabet Inc Class A will post 42.46 EPS for the current year.

GOOGL has been the topic of several recent research reports. B. Riley reiterated a “buy” rating on shares of Alphabet Inc Class A in a report on Monday, July 16th. Nomura assumed coverage on Alphabet Inc Class A in a report on Tuesday, July 10th. They set a “buy” rating and a $1,400.00 target price on the stock. ValuEngine upgraded Alphabet Inc Class A from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Monness Crespi & Hardt raised their target price on 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. Finally, Citigroup restated a “buy” rating and set a $1,400.00 target price (up previously from $1,350.00) on shares of Alphabet Inc Class A in a report on Tuesday, July 24th. Five equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Alphabet Inc Class A presently has a consensus rating of “Buy” and an average price target of $1,313.72.

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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