SFE Investment Counsel raised its stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 28.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 726 shares of the information services provider’s stock after acquiring an additional 160 shares during the quarter. SFE Investment Counsel’s holdings in Alphabet Inc Class A were worth $820,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Well Done LLC purchased a new position in shares of Alphabet Inc Class A in the first quarter worth about $107,000. Westchester Capital Management Inc. lifted its stake in shares of Alphabet Inc Class A by 1,262.5% in the first quarter. Westchester Capital Management Inc. now owns 109 shares of the information services provider’s stock worth $113,000 after buying an additional 101 shares in the last quarter. KHP Capital LLC acquired a new stake in Alphabet Inc Class A during the first quarter worth about $124,000. Private Ocean LLC increased its position in Alphabet Inc Class A by 355.6% during the first quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock worth $127,000 after purchasing an additional 96 shares during the last quarter. Finally, Highlander Capital Management LLC increased its position in Alphabet Inc Class A by 333.3% during the first quarter. Highlander Capital Management LLC now owns 130 shares of the information services provider’s stock worth $133,000 after purchasing an additional 100 shares during the last quarter. 33.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of GOOGL stock opened at $1,120.54 on Friday. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $840.06 billion, a P/E ratio of 34.96, a price-to-earnings-growth ratio of 1.53 and a beta of 1.11. Alphabet Inc Class A has a fifty-two week low of $977.08 and a fifty-two week high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, beating 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 previous year, the business posted $5.01 earnings per share. As a group, research analysts predict that Alphabet Inc Class A will post 42.53 EPS for the current year.

GOOGL has been the subject of several recent analyst reports. Macquarie restated a “buy” rating and set a $1,250.00 price objective on shares of Alphabet Inc Class A in a research report on Thursday, September 27th. MKM Partners raised their price objective on shares of Alphabet Inc Class A from $1,355.00 to $1,465.00 and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Morgan Stanley restated an “overweight” rating and set a $1,515.00 price objective (up from $1,325.00) on shares of Alphabet Inc Class A in a research report on Wednesday, August 29th. Jefferies Financial Group restated a “buy” rating and set a $1,450.00 price objective on shares of Alphabet Inc Class A in a research report on Tuesday, August 21st. Finally, Zacks Investment Research cut shares of Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-one have given a buy rating to the stock. Alphabet Inc Class A currently has a consensus rating of “Buy” and a consensus price target of $1,315.01.

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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