Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 15.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205 shares of the information services provider’s stock after buying an additional 28 shares during the period. Larson Financial Group LLC’s holdings in Alphabet were worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of GOOGL. Price T Rowe Associates Inc. MD raised its stake in Alphabet by 2.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,329,607 shares of the information services provider’s stock worth $15,117,461,000 after acquiring an additional 145,732 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Alphabet by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 4,939,735 shares of the information services provider’s stock valued at $10,160,892,000 after acquiring an additional 79,686 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Alphabet by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 3,234,389 shares of the information services provider’s stock worth $6,670,993,000 after acquiring an additional 10,002 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Alphabet by 0.6% in the first quarter. Nuveen Asset Management LLC now owns 1,837,478 shares of the information services provider’s stock worth $3,789,835,000 after acquiring an additional 10,505 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of Alphabet by 3.6% during the second quarter. Fisher Asset Management LLC now owns 1,779,895 shares of the information services provider’s stock worth $4,346,132,000 after purchasing an additional 61,474 shares during the last quarter. 34.43% of the stock is owned by institutional investors and hedge funds.

GOOGL has been the topic of a number of analyst reports. Susquehanna raised their price objective on shares of Alphabet from $3,100.00 to $3,600.00 and gave the stock a “positive” rating in a research note on Wednesday, July 28th. JMP Securities upped their price target on Alphabet from $2,850.00 to $3,100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 28th. BMO Capital Markets upped their target price on Alphabet from $2,700.00 to $3,000.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 28th. Mizuho boosted their price target on shares of Alphabet from $2,800.00 to $3,000.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. Finally, Truist increased their price objective on shares of Alphabet from $2,800.00 to $3,100.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Three investment analysts have rated the stock with a hold rating and thirty-nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $2,841.72.

NASDAQ:GOOGL traded down $10.68 during midday trading on Wednesday, reaching $2,840.21. The stock had a trading volume of 23,074 shares, compared to its average volume of 1,521,662. The company has a quick ratio of 3.14, a current ratio of 3.15 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.89 trillion, a P/E ratio of 30.76, a P/E/G ratio of 1.83 and a beta of 1.00. The firm has a fifty day simple moving average of $2,721.31 and a two-hundred day simple moving average of $2,428.14. Alphabet Inc. has a 12-month low of $1,402.15 and a 12-month high of $2,925.07.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, July 26th. The information services provider reported $27.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $19.89 by $7.37. The business had revenue of $50.95 billion for the quarter, compared to the consensus estimate of $46.07 billion. Alphabet had a net margin of 28.57% and a return on equity of 27.87%. During the same quarter in the previous year, the firm earned $10.13 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 101.86 earnings per share for the current fiscal year.

Alphabet Company Profile

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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