Van Leeuwen & Company LLC boosted its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 2.3% during the second quarter, Holdings Channel.com reports. The firm owned 931 shares of the information services provider’s stock after buying an additional 21 shares during the quarter. Van Leeuwen & Company LLC’s holdings in Alphabet were worth $1,008,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Belvedere Advisors LLC acquired a new position in Alphabet during the 1st quarter worth approximately $38,000. Thor Advisors LLC acquired a new position in Alphabet during the 1st quarter worth approximately $45,000. Lipe & Dalton acquired a new position in Alphabet during the 2nd quarter worth approximately $49,000. JJJ Advisors Inc. grew its holdings in Alphabet by 204.8% during the 2nd quarter. JJJ Advisors Inc. now owns 64 shares of the information services provider’s stock worth $69,000 after acquiring an additional 43 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its position in shares of Alphabet by 8,900.0% during the 2nd quarter. Financial Management Professionals Inc. now owns 90 shares of the information services provider’s stock worth $97,000 after buying an additional 89 shares during the last quarter. 33.96% of the stock is currently owned by institutional investors.
Several analysts have recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of Alphabet from $1,450.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. They noted that the move was a valuation call. China Renaissance Securities assumed coverage on shares of Alphabet in a research report on Wednesday, May 29th. They set a “hold” rating and a $1,270.00 price objective for the company. Raymond James set a $1,360.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on shares of Alphabet from $1,310.00 to $1,420.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Finally, SunTrust Banks restated a “buy” rating and set a $1,325.00 price objective on shares of Alphabet in a research report on Monday, July 22nd. Eight research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and an average target price of $1,371.05.
GOOGL stock traded down $22.54 on Wednesday, hitting $1,174.19. The company’s stock had a trading volume of 20,339 shares, compared to its average volume of 1,782,103. The firm’s 50 day simple moving average is $1,154.57. Alphabet Inc has a 1 year low of $977.66 and a 1 year high of $1,296.97. The stock has a market capitalization of $829.81 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, beating the consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The firm had revenue of $31.71 billion during the quarter, compared to the consensus estimate of $30.90 billion. Analysts predict that Alphabet Inc will post 51.94 earnings per share for the current fiscal year.
Alphabet 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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