Alphabet Inc Class A (GOOGL) Shares Bought by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 11.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,036 shares of the information services provider’s stock after acquiring an additional 400 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Alphabet Inc Class A were worth $4,557,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GOOGL. New England Research & Management Inc. raised its position in Alphabet Inc Class A by 87.3% in 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. raised its position in Alphabet Inc Class A by 18.5% in 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. raised its position in Alphabet Inc Class A by 6.3% in 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 raised its position in Alphabet Inc Class A by 0.4% in 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, Fosun International Ltd raised its position in Alphabet Inc Class A by 78.9% in the 1st quarter. Fosun International Ltd now owns 5,690 shares of the information services provider’s stock valued at $5,901,000 after purchasing an additional 2,509 shares in the last quarter. Institutional investors own 33.46% of the company’s stock.

GOOGL has been the topic of a number of analyst reports. Bank of America reduced their price target on Alphabet Inc Class A from $1,390.00 to $1,350.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Goldman Sachs Group cut their target price on Alphabet Inc Class A from $1,500.00 to $1,300.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Credit Suisse Group reissued an “outperform” rating and set a $1,330.00 target price (down previously from $1,350.00) on shares of Alphabet Inc Class A in a research report on Monday, July 16th. Macquarie reissued a “buy” rating and set a $1,250.00 target price on shares of Alphabet Inc Class A in a research report on Monday, August 27th. Finally, Pivotal Research cut their target price on Alphabet Inc Class A from $1,080.00 to $1,010.00 and set a “hold” rating on the stock in a research report on Friday, October 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirty have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $1,334.23.

NASDAQ:GOOGL opened at $1,071.49 on Friday. The company has a market cap of $730.40 billion, a P/E ratio of 33.43, a PEG ratio of 1.28 and a beta of 1.10. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02. Alphabet Inc Class A has a 52-week low of $984.00 and a 52-week high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.54 by $2.52. The firm had revenue of $27.16 billion for the quarter, compared to the consensus estimate of $27.32 billion. Alphabet Inc Class A had a return on equity of 19.40% and a net margin of 14.45%. On average, research analysts expect that Alphabet Inc Class A will post 45.24 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.

Read More: What is Considered a Good Return on Equity (ROE)?

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Institutional Ownership by Quarter for Alphabet Inc Class A (NASDAQ:GOOGL)

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