Cim Investment Mangement Inc. decreased its position in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 2.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,251 shares of the information services provider’s stock after selling 63 shares during the period. Alphabet Inc Class A makes up about 0.9% of Cim Investment Mangement Inc.’s portfolio, making the stock its 10th biggest holding. Cim Investment Mangement Inc.’s holdings in Alphabet Inc Class A were worth $2,542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Well Done LLC bought a new position in Alphabet Inc Class A in the 1st quarter valued at approximately $107,000. Emerald Investment Partners LLC bought a new position in Alphabet Inc Class A in the 2nd quarter valued at approximately $137,000. Private Ocean LLC lifted its stake in Alphabet Inc Class A by 355.6% in 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. Highlander Capital Management LLC lifted its stake in Alphabet Inc Class A by 333.3% in 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. Finally, Clearwater Capital Advisors LLC bought a new position in Alphabet Inc Class A in the 1st quarter valued at approximately $153,000. Institutional investors and hedge funds own 33.43% of the company’s stock.

GOOGL opened at $1,077.02 on Friday. Alphabet Inc Class A has a twelve month low of $984.00 and a twelve month high of $1,291.44. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. The firm has a market cap of $771.20 billion, a PE ratio of 33.60, a PEG ratio of 1.36 and a beta of 1.06.

Alphabet Inc Class A (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $10.54 by $2.52. Alphabet Inc Class A had a net margin of 14.45% and a return on equity of 19.40%. The company had revenue of $27.16 billion during the quarter, compared to analysts’ expectations of $27.32 billion. As a group, research analysts anticipate that Alphabet Inc Class A will post 45.24 earnings per share for the current fiscal year.

Several research firms have recently issued reports on GOOGL. Credit Suisse Group reaffirmed an “outperform” rating and set a $1,330.00 price target (down previously from $1,350.00) on shares of Alphabet Inc Class A in a research note on Monday, July 16th. B. Riley reaffirmed a “buy” rating on shares of Alphabet Inc Class A in a research note on Monday, July 16th. Royal Bank of Canada reaffirmed a “buy” rating and set a $1,285.00 price target on shares of Alphabet Inc Class A in a research note on Sunday, July 22nd. Macquarie reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Alphabet Inc Class A in a research note on Tuesday, July 24th. Finally, Mizuho reaffirmed a “positive” rating and set a $1,460.00 price target on shares of Alphabet Inc Class A in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,333.76.

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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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