HL Financial Services LLC Grows Stake in Alphabet Inc Class A (GOOGL)

HL Financial Services LLC grew its holdings in Alphabet Inc Class A (NASDAQ:GOOGL) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,729 shares of the information services provider’s stock after purchasing an additional 217 shares during the quarter. HL Financial Services LLC’s holdings in Alphabet Inc Class A were worth $5,340,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GOOGL. Well Done LLC purchased a new position in Alphabet Inc Class A during the first quarter worth approximately $107,000. Private Ocean LLC raised its stake in 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 worth $127,000 after purchasing an additional 96 shares during the period. Highlander Capital Management LLC raised its stake in 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 worth $133,000 after purchasing an additional 100 shares during the period. Emerald Investment Partners LLC purchased a new position in Alphabet Inc Class A during the second quarter worth approximately $137,000. Finally, Clearwater Capital Advisors LLC purchased a new position in Alphabet Inc Class A during the first quarter worth approximately $153,000. Institutional investors and hedge funds own 33.46% of the company’s stock.

A number of research firms have weighed in on GOOGL. BMO Capital Markets increased their price target on shares of 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 reaffirmed a “buy” rating on shares of Alphabet Inc Class A in a research note on Monday, July 16th. Monness Crespi & Hardt increased their price target on shares of 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 reaffirmed an “overweight” rating and set a $1,430.00 price target (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 target price on shares of Alphabet Inc Class A in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,333.76.

GOOGL opened at $1,071.49 on Monday. The firm has a market cap of $745.70 billion, a P/E ratio of 33.43, a PEG ratio of 1.31 and a beta of 1.06. Alphabet Inc Class A has a twelve month low of $984.00 and a twelve month high of $1,291.44. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02.

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 for the quarter, beating the Zacks’ consensus estimate of $10.54 by $2.52. The business had revenue of $27.16 billion during the quarter, compared to analyst estimates of $27.32 billion. Alphabet Inc Class A had a net margin of 14.45% and a return on equity of 19.40%. Equities analysts forecast that Alphabet Inc Class A will post 45.24 earnings per share 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.

Recommended Story: How is a Moving Average Calculated?

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

Receive News & Ratings for Alphabet Inc Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc Class A and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply