Iowa State Bank Acquires New Position in Alphabet Inc Class A (GOOGL)

Iowa State Bank acquired a new position in Alphabet Inc Class A (NASDAQ:GOOGL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,602 shares of the information services provider’s stock, valued at approximately $1,809,000.

A number of other large investors have also recently made changes to their positions in GOOGL. Well Done LLC bought a new stake in Alphabet Inc Class A during the 1st quarter valued at $107,000. Westchester Capital Management Inc. lifted its holdings 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 purchasing an additional 101 shares during the last quarter. KHP Capital LLC purchased a new stake in shares of Alphabet Inc Class A during the 1st quarter valued at $124,000. Private Ocean LLC lifted its holdings in shares of Alphabet Inc Class A by 355.6% during the 1st quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 96 shares during the last quarter. Finally, Highlander Capital Management LLC lifted its holdings in shares of Alphabet Inc Class A by 333.3% during the 1st quarter. Highlander Capital Management LLC now owns 130 shares of the information services provider’s stock valued at $133,000 after purchasing an additional 100 shares during the last quarter. 33.56% of the stock is currently owned by institutional investors.

Several analysts have recently commented on the company. Zacks Investment Research lowered Alphabet Inc Class A from a “hold” rating to a “sell” rating in a report on Tuesday. Morgan Stanley reiterated an “overweight” rating and set a $1,515.00 price objective (up previously from $1,325.00) on shares of Alphabet Inc Class A in a report on Wednesday, August 29th. Macquarie reiterated a “buy” rating and set a $1,250.00 price objective on shares of Alphabet Inc Class A in a report on Monday, August 27th. MKM Partners increased their price objective on Alphabet Inc Class A from $1,355.00 to $1,465.00 and gave the company a “buy” rating in a report on Wednesday, August 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $1,450.00 price objective on shares of Alphabet Inc Class A in a report on Tuesday, August 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $1,317.07.

Shares of GOOGL stock opened at $1,193.89 on Wednesday. The firm has a market capitalization of $815.73 billion, a P/E ratio of 37.25, a PEG ratio of 1.49 and a beta of 1.10. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. Alphabet Inc Class A has a 1 year low of $935.12 and a 1 year high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last issued 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. The company had revenue of $26.24 billion during the quarter, compared to analyst estimates of $25.64 billion. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. During the same quarter last year, the business posted $5.01 EPS. analysts forecast that Alphabet Inc Class A will post 42.46 EPS for the current fiscal year.

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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