Alphabet Inc Class A (GOOGL) Shares Bought by Savant Capital LLC

Savant Capital LLC raised its holdings in Alphabet Inc Class A (NASDAQ:GOOGL) by 3.4% in the 2nd quarter, Holdings Channel reports. The firm owned 1,634 shares of the information services provider’s stock after purchasing an additional 53 shares during the quarter. Savant Capital LLC’s holdings in Alphabet Inc Class A were worth $1,845,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of GOOGL. Summit Trail Advisors LLC raised its position in Alphabet Inc Class A by 134,676.9% in the 1st quarter. Summit Trail Advisors LLC now owns 17,938,806 shares of the information services provider’s stock valued at $17,939,000 after purchasing an additional 17,925,496 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in Alphabet Inc Class A by 115,058.0% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,388,805 shares of the information services provider’s stock valued at $1,216,000 after purchasing an additional 1,387,599 shares during the last quarter. OppenheimerFunds Inc. raised its position in Alphabet Inc Class A by 78.1% in the 1st quarter. OppenheimerFunds Inc. now owns 1,313,669 shares of the information services provider’s stock valued at $1,362,458,000 after purchasing an additional 575,882 shares during the last quarter. BlackRock Inc. raised its position in Alphabet Inc Class A by 1.5% in the 1st quarter. BlackRock Inc. now owns 18,733,196 shares of the information services provider’s stock valued at $19,428,946,000 after purchasing an additional 269,848 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Alphabet Inc Class A by 20.5% in the 1st quarter. California Public Employees Retirement System now owns 1,271,699 shares of the information services provider’s stock valued at $1,318,930,000 after purchasing an additional 216,119 shares during the last quarter. Hedge funds and other institutional investors own 33.43% of the company’s stock.

Shares of Alphabet Inc Class A stock opened at $1,069.57 on Wednesday. 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 has a 12 month low of $984.00 and a 12 month high of $1,291.44. The firm has a market cap of $745.63 billion, a P/E ratio of 33.37, a P/E/G ratio of 1.31 and a beta of 1.06.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its quarterly earnings data 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. Alphabet Inc Class A had a return on equity of 19.40% and a net margin of 14.45%. The business had revenue of $27.16 billion during the quarter, compared to analysts’ expectations of $27.32 billion. As a group, equities research analysts anticipate that Alphabet Inc Class A will post 45.24 earnings per share for the current fiscal year.

Several research firms have recently commented on GOOGL. B. Riley lifted their target price on Alphabet Inc Class A from $1,350.00 to $1,475.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. JMP Securities lifted their target price on Alphabet Inc Class A from $1,235.00 to $1,390.00 and gave the company an “outperform” rating in a research note on Tuesday, July 24th. Nomura began coverage on Alphabet Inc Class A in a research note on Tuesday, July 10th. They issued a “buy” rating and a $1,400.00 target price for the company. SunTrust Banks lifted their target price on Alphabet Inc Class A to $1,370.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. Finally, BMO Capital Markets lifted their target price on Alphabet Inc Class A from $1,100.00 to $1,150.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirty have given a buy rating to the company’s stock. Alphabet Inc Class A presently has a consensus rating of “Buy” and a consensus price target of $1,333.76.

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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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