Lloyds Banking Group plc bought a new position in Alphabet Inc. (NASDAQ:GOOGL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 144 shares of the information services provider’s stock, valued at approximately $133,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC increased its holdings in shares of Alphabet by 65,026.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock valued at $800,000 after purchasing an additional 742,602 shares in the last quarter. Investec Asset Management LTD increased its holdings in shares of Alphabet by 62.7% in the 1st quarter. Investec Asset Management LTD now owns 621,109 shares of the information services provider’s stock valued at $526,576,000 after purchasing an additional 239,390 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Alphabet in the 2nd quarter valued at about $222,766,000. Karp Capital Management Corp increased its holdings in shares of Alphabet by 5,218.2% in the 1st quarter. Karp Capital Management Corp now owns 199,752 shares of the information services provider’s stock valued at $169,350,000 after purchasing an additional 195,996 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Alphabet by 1.2% in the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after purchasing an additional 142,214 shares in the last quarter. Institutional investors own 33.87% of the company’s stock.
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Alphabet Inc. (GOOGL) opened at $1,044.15 on Friday. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,063.62. The stock has a market cap of $725,476.50, a price-to-earnings ratio of 34.96, a PEG ratio of 1.76 and a beta of 0.91. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. During the same quarter in the previous year, the company posted $9.06 earnings per share. sell-side analysts expect that Alphabet Inc. will post 32.15 EPS for the current year.
GOOGL has been the subject of a number of research analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $1,075.00 price target on shares of Alphabet in a report on Monday, September 25th. UBS AG reiterated a “buy” rating and issued a $1,080.00 price target on shares of Alphabet in a report on Friday, September 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $1,200.00 price target on shares of Alphabet in a report on Tuesday, October 10th. They noted that the move was a valuation call. Mizuho reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, October 17th. Finally, Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price target for the company. in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $1,088.53.
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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