Reliant Investment Management LLC Has $3.94 Million Stake in Alphabet Inc Class A (GOOGL)

Reliant Investment Management LLC lessened its position in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,487 shares of the information services provider’s stock after selling 60 shares during the quarter. Alphabet Inc Class A comprises approximately 2.9% of Reliant Investment Management LLC’s portfolio, making the stock its 14th largest position. Reliant Investment Management LLC’s holdings in Alphabet Inc Class A were worth $3,937,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GOOGL. Well Done LLC acquired a new stake in Alphabet Inc Class A in the 1st quarter valued at approximately $107,000. Private Ocean LLC increased its holdings in Alphabet Inc Class A by 355.6% in the 1st quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 96 shares during the last quarter. Highlander Capital Management LLC increased its holdings in Alphabet Inc Class A by 333.3% in the 1st quarter. Highlander Capital Management LLC now owns 130 shares of the information services provider’s stock valued at $133,000 after purchasing an additional 100 shares during the last quarter. Emerald Investment Partners LLC acquired a new stake in Alphabet Inc Class A in the 2nd quarter valued at approximately $137,000. Finally, Clearwater Capital Advisors LLC acquired a new stake in Alphabet Inc Class A in the 1st quarter valued at approximately $153,000. 33.43% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on GOOGL shares. Nomura started coverage on shares of Alphabet Inc Class A in a research note on Tuesday, July 10th. They issued a “buy” rating and a $1,400.00 price target for the company. B. Riley restated a “buy” rating on shares of Alphabet Inc Class A in a research note on Monday, July 16th. Bank of America restated a “buy” rating and issued a $1,390.00 price target (up previously from $1,270.00) on shares of Alphabet Inc Class A in a research note on Tuesday, July 24th. Aegis boosted their price target on shares of Alphabet Inc Class A from $1,360.00 to $1,425.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Finally, Jefferies Financial Group boosted their price target on shares of Alphabet Inc Class A to $1,450.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have assigned a buy rating to the stock. Alphabet Inc Class A presently has an average rating of “Buy” and an average price target of $1,333.76.

Shares of GOOGL stock opened at $1,071.49 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10. The firm has a market cap of $745.63 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 12 month low of $984.00 and a 12 month high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last issued its earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, topping analysts’ consensus estimates of $10.54 by $2.52. The firm had revenue of $27.16 billion during the quarter, compared to the consensus estimate of $27.32 billion. Alphabet Inc Class A had a net margin of 14.45% and a return on equity of 19.40%. On average, sell-side analysts anticipate 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.

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

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