Alphabet Inc Class A (GOOGL) is Cantillon Capital Management LLC’s 4th Largest Position

Cantillon Capital Management LLC cut its position in Alphabet Inc Class A (NASDAQ:GOOGL) by 2.8% during the second quarter, Holdings Channel reports. The fund owned 375,829 shares of the information services provider’s stock after selling 10,751 shares during the period. Alphabet Inc Class A makes up 4.6% of Cantillon Capital Management LLC’s portfolio, making the stock its 4th largest position. Cantillon Capital Management LLC’s holdings in Alphabet Inc Class A were worth $424,383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Girard Partners LTD. acquired a new position in Alphabet Inc Class A during the second quarter worth $6,717,000. Highland Private Wealth Management acquired a new position in Alphabet Inc Class A during the second quarter worth $888,000. Savant Capital LLC boosted its stake in Alphabet Inc Class A by 3.4% during the second quarter. Savant Capital LLC now owns 1,634 shares of the information services provider’s stock worth $1,845,000 after buying an additional 53 shares during the last quarter. Karp Capital Management Corp boosted its stake in Alphabet Inc Class A by 3.4% during the second quarter. Karp Capital Management Corp now owns 4,038 shares of the information services provider’s stock worth $4,560,000 after buying an additional 134 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in shares of Alphabet Inc Class A by 258.6% in the 2nd quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 44,950 shares of the information services provider’s stock valued at $50,757,000 after purchasing an additional 32,414 shares during the last quarter. 33.43% of the stock is currently owned by institutional investors.

GOOGL stock opened at $1,069.57 on Wednesday. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $745.63 billion, a P/E ratio of 33.37, 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 posted its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 year.

GOOGL has been the topic of several recent analyst reports. Nomura initiated coverage on Alphabet Inc Class A in a research note on Tuesday, July 10th. They issued a “buy” rating and a $1,400.00 price target on the stock. Barclays upped their price target on Alphabet Inc Class A from $1,250.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Friday, July 13th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $1,330.00 price target (down previously from $1,350.00) on shares of Alphabet Inc Class A in a research note on Monday, July 16th. B. Riley reaffirmed a “buy” rating on shares of Alphabet Inc Class A in a research note on Monday, July 16th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $1,285.00 price target on shares of Alphabet Inc Class A in a research note on Sunday, July 22nd. 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 stock currently has a consensus rating of “Buy” and a consensus target price of $1,333.76.

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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.

Further Reading: Cost of Capital

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc Class A (NASDAQ:GOOGL).

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

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