CENTRAL TRUST Co Has $12.02 Million Stake in Alphabet Inc Class A (GOOGL)

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CENTRAL TRUST Co lifted its stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 3.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,642 shares of the information services provider’s stock after buying an additional 353 shares during the quarter. CENTRAL TRUST Co’s holdings in Alphabet Inc Class A were worth $12,017,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. K2 Principal Fund L.P. lifted its stake in Alphabet Inc Class A by 89.2% during the fourth quarter. K2 Principal Fund L.P. now owns 60,753 shares of the information services provider’s stock worth $63,997,000 after purchasing an additional 28,647 shares during the last quarter. New England Research & Management Inc. lifted its stake in Alphabet Inc Class A by 87.3% during the second quarter. New England Research & Management Inc. now owns 751 shares of the information services provider’s stock worth $848,000 after purchasing an additional 350 shares during the last quarter. AustralianSuper Pty Ltd lifted its stake in Alphabet Inc Class A by 7.6% during the first quarter. AustralianSuper Pty Ltd now owns 126,900 shares of the information services provider’s stock worth $131,613,000 after purchasing an additional 8,962 shares during the last quarter. Fosun International Ltd lifted its stake in Alphabet Inc Class A by 78.9% during the first quarter. Fosun International Ltd now owns 5,690 shares of the information services provider’s stock worth $5,901,000 after purchasing an additional 2,509 shares during the last quarter. Finally, Ffcm LLC purchased a new stake in Alphabet Inc Class A during the first quarter worth approximately $3,017,000. 33.62% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have weighed in on GOOGL. Wells Fargo & Co reiterated an “outperform” rating and issued a $1,400.00 price objective (up previously from $1,275.00) on shares of Alphabet Inc Class A in a research note on Tuesday, July 24th. B. Riley boosted their price objective 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. Barclays boosted their price objective 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. Zacks Investment Research upgraded Alphabet Inc Class A from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $1,375.00 price objective (up previously from $1,330.00) on shares of Alphabet Inc Class A in a research note on Tuesday, July 24th. Five research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. Alphabet Inc Class A presently has an average rating of “Buy” and a consensus price target of $1,307.23.

Alphabet Inc Class A stock opened at $1,199.10 on Thursday. Alphabet Inc Class A has a 12 month low of $924.51 and a 12 month high of $1,291.44. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13. The company has a market cap of $857.27 billion, a PE ratio of 37.41, a P/E/G ratio of 1.56 and a beta of 1.10.

Alphabet Inc Class A (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $9.51 by $2.24. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. The business had revenue of $26.24 billion during the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter in the prior year, the business earned $5.01 earnings per share. sell-side analysts anticipate that Alphabet Inc Class A will post 42.46 EPS for the current fiscal year.

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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