Migdal Insurance & Financial Holdings Ltd. Buys 6,097 Shares of Alphabet Inc Class A (GOOGL)

Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 38.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,979 shares of the information services provider’s stock after purchasing an additional 6,097 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Alphabet Inc Class A were worth $24,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of GOOGL. Well Done LLC bought a new position in shares of Alphabet Inc Class A during the first quarter valued at approximately $107,000. Westchester Capital Management Inc. grew its stake in shares of Alphabet Inc Class A by 1,262.5% during the first 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 during the last quarter. KHP Capital LLC bought a new position in shares of Alphabet Inc Class A during the first quarter valued at approximately $124,000. Private Ocean LLC grew its stake in shares of Alphabet Inc Class A by 355.6% during the first 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 during the last quarter. Finally, Highlander Capital Management LLC grew its stake in shares of Alphabet Inc Class A by 333.3% during the first 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 during the last quarter. Institutional investors and hedge funds own 33.53% of the company’s stock.

Shares of NASDAQ GOOGL opened at $1,097.91 on Friday. The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02. The firm has a market cap of $840.06 billion, a price-to-earnings ratio of 34.26, a P/E/G ratio of 1.53 and a beta of 1.11. Alphabet Inc Class A has a 12-month low of $977.08 and a 12-month high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.51 by $2.24. The business had revenue of $26.24 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the firm earned $5.01 EPS. As a group, equities research analysts expect that Alphabet Inc Class A will post 42.53 EPS for the current year.

Several research analysts recently issued reports on GOOGL shares. BMO Capital Markets increased their price objective on Alphabet Inc Class A from $1,100.00 to $1,150.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 24th. B. Riley reissued a “buy” rating on shares of Alphabet Inc Class A in a research note on Monday, July 16th. Monness Crespi & Hardt increased their price objective on Alphabet Inc Class A from $1,306.00 to $1,415.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. KeyCorp reissued an “overweight” rating and issued a $1,430.00 price objective (up previously from $1,230.00) on shares of Alphabet Inc Class A in a research note on Tuesday, July 24th. Finally, Mizuho reissued a “positive” rating and issued a $1,460.00 price objective on shares of Alphabet Inc Class A in a research note on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $1,316.01.

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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