Alphabet Inc Class A (GOOGL) Holdings Raised by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. raised its holdings in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,857 shares of the information services provider’s stock after acquiring an additional 1,372 shares during the quarter. Alphabet Inc Class A makes up about 1.3% of Dana Investment Advisors Inc.’s investment portfolio, making the stock its 26th biggest position. Dana Investment Advisors Inc.’s holdings in Alphabet Inc Class A were worth $30,327,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Well Done LLC purchased a new position in Alphabet Inc Class A in the first quarter worth about $107,000. Westchester Capital Management Inc. grew its position in Alphabet Inc Class A by 1,262.5% in the first quarter. Westchester Capital Management Inc. now owns 109 shares of the information services provider’s stock worth $113,000 after acquiring an additional 101 shares in the last quarter. KHP Capital LLC purchased a new position in Alphabet Inc Class A in the first quarter worth about $124,000. Private Ocean LLC grew its position in Alphabet Inc Class A by 355.6% in the first quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock worth $127,000 after acquiring an additional 96 shares in the last quarter. Finally, Highlander Capital Management LLC grew its position in Alphabet Inc Class A by 333.3% in the first quarter. Highlander Capital Management LLC now owns 130 shares of the information services provider’s stock worth $133,000 after acquiring an additional 100 shares in the last quarter. 33.53% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have issued reports on GOOGL shares. Credit Suisse Group boosted their target price on Alphabet Inc Class A from $1,375.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday. Wedbush started coverage on Alphabet Inc Class A in a research report on Wednesday. They set an “outperform” rating and a $1,350.00 target price for the company. Pivotal Research dropped their target price on Alphabet Inc Class A from $1,080.00 to $1,010.00 and set a “hold” rating for the company in a research report on Friday, October 12th. Macquarie restated a “buy” rating and set a $1,250.00 target price on shares of Alphabet Inc Class A in a research report on Thursday, September 27th. Finally, Zacks Investment Research lowered Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $1,324.57.

Shares of NASDAQ:GOOGL opened at $1,105.18 on Friday. The company has a market capitalization of $784.74 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 1.42 and a beta of 1.10. Alphabet Inc Class A has a 52 week low of $977.08 and a 52 week high of $1,291.44. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02.

Alphabet Inc Class A (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping analysts’ consensus estimates of $9.51 by $2.24. The company had revenue of $26.24 billion during the quarter, compared to the consensus estimate of $25.64 billion. Alphabet Inc Class A had a net margin of 13.16% and a return on equity of 18.24%. During the same quarter in the previous year, the firm posted $5.01 earnings per share. On average, sell-side analysts predict that Alphabet Inc Class A will post 42.78 EPS for the current fiscal year.

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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