Alphabet Inc (NASDAQ:GOOGL) Shares Acquired by Stelac Advisory Services LLC

Stelac Advisory Services LLC lifted its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 958 shares of the information services provider’s stock after buying an additional 14 shares during the period. Stelac Advisory Services LLC’s holdings in Alphabet were worth $1,358,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GOOGL. State Street Corp boosted its position in Alphabet by 0.4% in the 1st quarter. State Street Corp now owns 11,689,009 shares of the information services provider’s stock valued at $13,582,044,000 after buying an additional 45,599 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Alphabet by 3.5% during the first quarter. Geode Capital Management LLC now owns 4,844,024 shares of the information services provider’s stock worth $5,618,631,000 after purchasing an additional 165,173 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Alphabet by 12.1% during the first quarter. Wellington Management Group LLP now owns 4,485,396 shares of the information services provider’s stock worth $5,211,807,000 after purchasing an additional 483,219 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Alphabet by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 3,069,831 shares of the information services provider’s stock worth $3,566,990,000 after purchasing an additional 38,653 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Alphabet by 5.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,869,843 shares of the information services provider’s stock worth $3,334,614,000 after purchasing an additional 138,226 shares during the last quarter. Institutional investors and hedge funds own 34.14% of the company’s stock.

GOOGL has been the topic of several research analyst reports. Jefferies Financial Group raised shares of Alphabet to a “buy” rating in a research report on Monday, July 13th. Citigroup increased their price target on shares of Alphabet from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Canaccord Genuity increased their price objective on shares of Alphabet from $1,700.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Friday. Monness Crespi & Hardt increased their price objective on shares of Alphabet from $1,420.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Robert W. Baird increased their price objective on shares of Alphabet from $1,500.00 to $1,650.00 in a research note on Thursday, June 25th. Four research analysts have rated the stock with a hold rating and forty have issued a buy rating to the company. Alphabet has a consensus rating of “Buy” and an average target price of $1,657.51.

NASDAQ GOOGL opened at $1,487.95 on Friday. Alphabet Inc has a 12 month low of $1,008.87 and a 12 month high of $1,587.05. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 3.64. The firm has a market capitalization of $1,050.12 billion, a PE ratio of 32.72, a P/E/G ratio of 2.35 and a beta of 1.06. The company’s 50 day simple moving average is $1,473.93 and its 200 day simple moving average is $1,375.65.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, July 30th. The information services provider reported $10.13 EPS for the quarter, beating the Zacks’ consensus estimate of $8.43 by $1.70. Alphabet had a net margin of 18.99% and a return on equity of 15.77%. The business had revenue of $31.60 billion for the quarter, compared to analyst estimates of $30.58 billion. Sell-side analysts anticipate that Alphabet Inc will post 42.07 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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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