Trust Co Sells 88 Shares of Alphabet Inc Class A (GOOGL)

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Trust Co lowered its position in Alphabet Inc Class A (NASDAQ:GOOGL) by 1.7% during the 1st quarter, HoldingsChannel reports. The fund owned 5,136 shares of the information services provider’s stock after selling 88 shares during the period. Alphabet Inc Class A makes up 2.4% of Trust Co’s portfolio, making the stock its 15th largest holding. Trust Co’s holdings in Alphabet Inc Class A were worth $5,327,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. K2 Principal Fund L.P. lifted its holdings in shares of Alphabet Inc Class A by 89.2% in the fourth quarter. K2 Principal Fund L.P. now owns 60,753 shares of the information services provider’s stock valued at $63,997,000 after purchasing an additional 28,647 shares in the last quarter. New England Research & Management Inc. lifted its holdings in shares of Alphabet Inc Class A by 87.3% in the second quarter. New England Research & Management Inc. now owns 751 shares of the information services provider’s stock valued at $848,000 after purchasing an additional 350 shares in the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of Alphabet Inc Class A by 7.6% in the first quarter. AustralianSuper Pty Ltd now owns 126,900 shares of the information services provider’s stock valued at $131,613,000 after purchasing an additional 8,962 shares in the last quarter. Fosun International Ltd lifted its holdings in shares of Alphabet Inc Class A by 78.9% in the first quarter. Fosun International Ltd now owns 5,690 shares of the information services provider’s stock valued at $5,901,000 after purchasing an additional 2,509 shares in the last quarter. Finally, Ffcm LLC bought a new position in shares of Alphabet Inc Class A in the first quarter valued at approximately $3,017,000. Institutional investors and hedge funds own 33.60% of the company’s stock.

NASDAQ:GOOGL opened at $1,177.59 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13. Alphabet Inc Class A has a 1 year low of $924.51 and a 1 year high of $1,291.44. The firm has a market capitalization of $823.99 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 1.50 and a beta of 1.10.

Alphabet Inc Class A (NASDAQ:GOOGL) last released its earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, topping the Zacks’ 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 the consensus estimate of $25.64 billion. During the same period last year, the business posted $5.01 earnings per share. equities research analysts predict that Alphabet Inc Class A will post 42.46 EPS for the current fiscal year.

A number of analysts recently commented on the company. Aegis increased their price target 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. Morgan Stanley reaffirmed an “overweight” rating and set a $1,250.00 price target (up from $1,200.00) on shares of Alphabet Inc Class A in a research report on Thursday, June 28th. Zacks Investment Research downgraded Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. ValuEngine raised Alphabet Inc Class A from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Finally, Nomura assumed 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 target for the company. Five equities research 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 a consensus price target of $1,307.23.

Alphabet Inc Class A 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 Inc Class A (NASDAQ:GOOGL)

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