Meridian Wealth Management LLC Buys 91 Shares of Alphabet Inc Class A (GOOGL)

Meridian Wealth Management LLC boosted its stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 8.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,161 shares of the information services provider’s stock after buying an additional 91 shares during the period. Meridian Wealth Management LLC’s holdings in Alphabet Inc Class A were worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Well Done LLC purchased a new stake in shares of Alphabet Inc Class A in the first quarter valued at approximately $107,000. Westchester Capital Management Inc. increased its position in shares of 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 valued at $113,000 after buying an additional 101 shares in the last quarter. KHP Capital LLC purchased a new stake in shares of Alphabet Inc Class A in the first quarter valued at approximately $124,000. Private Ocean LLC increased its position in shares of 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 valued at $127,000 after buying an additional 96 shares in the last quarter. Finally, Highlander Capital Management LLC increased its position in shares of 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 valued at $133,000 after buying an additional 100 shares in the last quarter. Institutional investors own 33.46% of the company’s stock.

A number of research firms have recently commented on GOOGL. BMO Capital Markets boosted their price objective on Alphabet Inc Class A from $1,100.00 to $1,150.00 and gave the company a “neutral” rating in a research report on Tuesday, July 24th. B. Riley restated a “buy” rating on shares of Alphabet Inc Class A in a research report on Monday, July 16th. Monness Crespi & Hardt boosted their price objective on Alphabet Inc Class A from $1,306.00 to $1,415.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. KeyCorp restated an “overweight” rating and issued a $1,430.00 price objective (up from $1,230.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. Finally, Mizuho restated a “positive” rating and issued a $1,460.00 price objective on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirty have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $1,334.23.

NASDAQ GOOGL opened at $1,071.49 on Friday. The firm has a market cap of $730.40 billion, a price-to-earnings ratio of 33.43, a P/E/G 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 fifty-two week low of $984.00 and a fifty-two week high of $1,291.44.

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

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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