Clinton Group Inc. acquired a new stake in Alphabet Inc Class A (NASDAQ:GOOGL) in the 1st quarter, HoldingsChannel reports. The fund acquired 11,252 shares of the information services provider’s stock, valued at approximately $11,670,000. Alphabet Inc Class A makes up about 1.3% of Clinton Group Inc.’s investment portfolio, making the stock its 7th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. Budros Ruhlin & Roe Inc. raised its stake in Alphabet Inc Class A by 8.5% in the 1st quarter. Budros Ruhlin & Roe Inc. now owns 611 shares of the information services provider’s stock valued at $633,000 after acquiring an additional 48 shares during the period. BSW Wealth Partners raised its stake in Alphabet Inc Class A by 10.7% in the 1st quarter. BSW Wealth Partners now owns 507 shares of the information services provider’s stock valued at $526,000 after acquiring an additional 49 shares during the period. Brave Asset Management Inc. raised its stake in Alphabet Inc Class A by 10.5% in the 4th quarter. Brave Asset Management Inc. now owns 527 shares of the information services provider’s stock valued at $555,000 after acquiring an additional 50 shares during the period. Gruss & Co. Inc. raised its stake in Alphabet Inc Class A by 1.0% in the 4th quarter. Gruss & Co. Inc. now owns 5,100 shares of the information services provider’s stock valued at $5,372,000 after acquiring an additional 50 shares during the period. Finally, Joel Isaacson & Co. LLC raised its stake in Alphabet Inc Class A by 1.4% in the 1st quarter. Joel Isaacson & Co. LLC now owns 3,680 shares of the information services provider’s stock valued at $3,817,000 after acquiring an additional 50 shares during the period. 33.53% of the stock is owned by institutional investors.

Shares of NASDAQ GOOGL opened at $1,215.85 on Friday. The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02. Alphabet Inc Class A has a 52 week low of $918.60 and a 52 week high of $1,291.44. The firm has a market capitalization of $871.68 billion, a P/E ratio of 37.94, a P/E/G ratio of 1.58 and a beta of 1.13.

Alphabet Inc Class A (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 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 company had revenue of $26.24 billion for the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter last year, the business earned $5.01 earnings per share. equities analysts anticipate that Alphabet Inc Class A will post 42.73 EPS for the current year.

GOOGL has been the topic of a number of research analyst reports. Monness Crespi & Hardt restated a “buy” rating and issued a $1,306.00 price target (up previously from $1,280.00) on shares of Alphabet Inc Class A in a research note on Tuesday, April 24th. Morgan Stanley reiterated an “overweight” rating and set a $1,250.00 price objective (up previously from $1,200.00) on shares of Alphabet Inc Class A in a research report on Thursday, June 28th. Barclays lowered their price objective on Alphabet Inc Class A to $1,250.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 24th. Credit Suisse Group reiterated an “outperform” rating on shares of Alphabet Inc Class A in a research report on Friday, April 20th. 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 analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $1,298.90.

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.

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

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