Boston Financial Mangement LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,564 shares of the information services provider’s stock after buying an additional 5 shares during the period. Boston Financial Mangement LLC’s holdings in Alphabet were worth $6,102,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of GOOGL. State of Alaska Department of Revenue bought a new position in shares of Alphabet during the 2nd quarter valued at about $102,000. Franklin Parlapiano Turner & Welch LLC bought a new position in shares of Alphabet during the 1st quarter valued at about $108,000. Delta Asset Management LLC TN boosted its holdings in shares of Alphabet by 1.5% during the 1st quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after purchasing an additional 2 shares during the last quarter. Farmers National Bank boosted its holdings in shares of Alphabet by 2.7% during the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 4 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. boosted its holdings in shares of Alphabet by 58.3% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 33.85% of the company’s stock.
A number of brokerages recently commented on GOOGL. B. Riley reaffirmed a “buy” rating and issued a $1,050.00 price target on shares of Alphabet in a report on Sunday, July 30th. MKM Partners reaffirmed a “buy” rating and issued a $1,210.00 price target (up previously from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. Cowen and Company reaffirmed an “outperform” rating and issued a $1,075.00 price target on shares of Alphabet in a report on Thursday, August 10th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Alphabet in a report on Wednesday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $1,200.00 price target on shares of Alphabet in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Alphabet has a consensus rating of “Buy” and a consensus target price of $1,058.31.
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Alphabet Inc. (NASDAQ:GOOGL) opened at 1005.65 on Thursday. Alphabet Inc. has a 12-month low of $743.59 and a 12-month high of $1,008.61. The stock has a market cap of $696.79 billion, a PE ratio of 36.45 and a beta of 0.96. The firm has a 50-day moving average of $953.18 and a 200-day moving average of $940.96.
Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by ($3.24). Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The firm had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. During the same quarter last year, the business posted $8.42 EPS. Equities analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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