Alphabet Inc Class A (GOOGL) Position Boosted by State of Alaska Department of Revenue

Share on StockTwits

State of Alaska Department of Revenue boosted its position in Alphabet Inc Class A (NASDAQ:GOOGL) by 25.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,891 shares of the information services provider’s stock after purchasing an additional 8,716 shares during the period. Alphabet Inc Class A makes up about 0.9% of State of Alaska Department of Revenue’s portfolio, making the stock its 11th largest holding. State of Alaska Department of Revenue’s holdings in Alphabet Inc Class A were worth $48,430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in shares of Alphabet Inc Class A during the 4th quarter valued at $108,000. Well Done LLC acquired a new stake in shares of Alphabet Inc Class A during the 1st quarter valued at $107,000. Westchester Capital Management Inc. lifted its position in shares of Alphabet Inc Class A by 1,262.5% during the 1st quarter. Westchester Capital Management Inc. now owns 109 shares of the information services provider’s stock valued at $113,000 after acquiring an additional 101 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of Alphabet Inc Class A during the 4th quarter valued at $138,000. Finally, Lee Financial Co lifted its position in shares of Alphabet Inc Class A by 500.0% during the 4th quarter. Lee Financial Co now owns 120 shares of the information services provider’s stock valued at $126,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 33.60% of the company’s stock.

NASDAQ GOOGL opened at $1,177.59 on Friday. Alphabet Inc Class A has a 1-year low of $924.51 and a 1-year high of $1,291.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.13 and a current ratio of 4.15. The firm has a market capitalization of $834.51 billion, a PE ratio of 36.74, a P/E/G ratio of 1.52 and a beta of 1.10.

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

GOOGL has been the subject of a number of recent research reports. Aegis increased their price objective on Alphabet Inc Class A from $1,350.00 to $1,360.00 and gave the company a “buy” rating in a research report on Thursday, May 17th. B. Riley reiterated a “buy” rating on shares of Alphabet Inc Class A in a research report on Monday, July 16th. Nomura initiated coverage on Alphabet Inc Class A in a research report on Tuesday, July 10th. They set a “buy” rating and a $1,400.00 price objective for the company. ValuEngine upgraded Alphabet Inc Class A from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Finally, Citigroup reiterated a “buy” rating and set a $1,400.00 price objective (up previously from $1,350.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. Five investment analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $1,307.23.

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.

Featured Story: Penny Stocks, What You Need To Know

Institutional Ownership by Quarter for Alphabet Inc Class A (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Inc Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply