SFE Investment Counsel Has $820,000 Position in Alphabet Inc Class A (GOOGL)

SFE Investment Counsel boosted its position in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 28.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 726 shares of the information services provider’s stock after acquiring an additional 160 shares during the period. SFE Investment Counsel’s holdings in Alphabet Inc Class A were worth $820,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. New England Research & Management Inc. increased its stake in Alphabet Inc Class A by 87.3% during the 2nd quarter. New England Research & Management Inc. now owns 751 shares of the information services provider’s stock valued at $848,000 after purchasing an additional 350 shares in the last quarter. Pegasus Partners Ltd. increased its stake in Alphabet Inc Class A by 18.5% during the 2nd quarter. Pegasus Partners Ltd. now owns 468 shares of the information services provider’s stock valued at $528,000 after purchasing an additional 73 shares in the last quarter. Swarthmore Group Inc. increased its stake in Alphabet Inc Class A by 6.3% during the 2nd quarter. Swarthmore Group Inc. now owns 8,050 shares of the information services provider’s stock valued at $9,090,000 after purchasing an additional 475 shares in the last quarter. Windward Capital Management Co. CA increased its stake in Alphabet Inc Class A by 0.4% during the 2nd quarter. Windward Capital Management Co. CA now owns 19,540 shares of the information services provider’s stock valued at $22,065,000 after purchasing an additional 71 shares in the last quarter. Finally, AustralianSuper Pty Ltd increased its stake in Alphabet Inc Class A by 7.6% during the 1st quarter. AustralianSuper Pty Ltd now owns 126,900 shares of the information services provider’s stock valued at $131,613,000 after purchasing an additional 8,962 shares in the last quarter. 33.53% of the stock is owned by institutional investors.

A number of research analysts have issued reports on GOOGL shares. Morgan Stanley restated an “overweight” rating and set a $1,250.00 price target (up previously from $1,200.00) on shares of Alphabet Inc Class A in a research note on Thursday, June 28th. Credit Suisse Group reiterated an “outperform” rating and issued a $1,330.00 price objective (down previously from $1,350.00) on shares of Alphabet Inc Class A in a research note on Monday, July 16th. Macquarie reiterated a “buy” rating and issued a $1,250.00 price objective on shares of Alphabet Inc Class A in a research note on Monday, August 27th. Citigroup reiterated a “buy” rating and issued a $1,400.00 price objective (up previously from $1,350.00) on shares of Alphabet Inc Class A in a research note on Tuesday, July 24th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $1,456.00 price objective (up previously from $1,234.00) on shares of Alphabet Inc Class A in a research note on Tuesday, July 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-one have issued a buy rating to the company. Alphabet Inc Class A currently has an average rating of “Buy” and a consensus target price of $1,315.01.

Shares of NASDAQ GOOGL opened at $1,120.54 on Friday. Alphabet Inc Class A has a 1 year low of $977.08 and a 1 year high of $1,291.44. The firm has a market cap of $840.06 billion, a P/E ratio of 34.96, a PEG ratio of 1.53 and a beta of 1.11. The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $26.24 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the prior year, the firm posted $5.01 earnings per share. On average, research analysts anticipate that Alphabet Inc Class A will post 42.53 EPS 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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