Alphabet Inc Class A (GOOGL) Holdings Cut by AMI Asset Management Corp

AMI Asset Management Corp reduced its position in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,360 shares of the information services provider’s stock after selling 1,201 shares during the quarter. Alphabet Inc Class A accounts for approximately 2.7% of AMI Asset Management Corp’s investment portfolio, making the stock its 8th biggest holding. AMI Asset Management Corp’s holdings in Alphabet Inc Class A were worth $37,670,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. New England Research & Management Inc. grew its stake 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 acquiring an additional 350 shares in the last quarter. Swarthmore Group Inc. grew its stake in shares of Alphabet Inc Class A by 6.3% in the second quarter. Swarthmore Group Inc. now owns 8,050 shares of the information services provider’s stock valued at $9,090,000 after acquiring an additional 475 shares in the last quarter. AustralianSuper Pty Ltd grew its stake 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 acquiring an additional 8,962 shares in the last quarter. Fosun International Ltd grew its stake 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 acquiring an additional 2,509 shares in the last quarter. Finally, Hilltop Holdings Inc. grew its stake in shares of Alphabet Inc Class A by 117.5% in the first quarter. Hilltop Holdings Inc. now owns 1,855 shares of the information services provider’s stock valued at $1,924,000 after acquiring an additional 1,002 shares in the last quarter. 33.56% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on GOOGL shares. Wells Fargo & Co restated an “outperform” rating and issued a $1,400.00 price target (up from $1,275.00) on shares of Alphabet Inc Class A in a research note on Tuesday, July 24th. B. Riley upped their price target on shares of 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 upped their price target on shares of 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 shares of Alphabet Inc Class A from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $1,375.00 price target (up from $1,330.00) on shares of Alphabet Inc Class A in a research note on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirty-one have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $1,317.07.

GOOGL stock opened at $1,207.36 on Friday. The stock has a market capitalization of $830.88 billion, a PE ratio of 37.67, a P/E/G ratio of 1.51 and a beta of 1.10. 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 12 month low of $955.55 and a 12 month high of $1,291.44.

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

About Alphabet Inc Class A

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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