Alphabet Inc Class A (GOOGL) Holdings Cut by Biltmore Family Office LLC

Biltmore Family Office LLC decreased its stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 28.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 940 shares of the information services provider’s stock after selling 373 shares during the quarter. Biltmore Family Office LLC’s holdings in Alphabet Inc Class A were worth $1,061,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GOOGL. Well Done LLC acquired a new stake in shares of Alphabet Inc Class A in the first quarter worth $107,000. Westchester Capital Management Inc. increased 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 acquiring an additional 101 shares during the period. KHP Capital LLC acquired a new stake in shares of Alphabet Inc Class A in the first quarter worth $124,000. Private Ocean LLC increased its stake in shares of Alphabet Inc Class A by 355.6% in the first quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock worth $127,000 after acquiring an additional 96 shares during the period. Finally, Highlander Capital Management LLC increased its stake in shares of Alphabet Inc Class A by 333.3% in the first quarter. Highlander Capital Management LLC now owns 130 shares of the information services provider’s stock worth $133,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 33.62% of the company’s stock.

GOOGL opened at $1,177.98 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. The firm has a market cap of $815.37 billion, a price-to-earnings ratio of 36.75, a P/E/G ratio of 1.49 and a beta of 1.10. Alphabet Inc Class A has a 52-week low of $924.51 and a 52-week high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $9.51 by $2.24. The business had revenue of $26.24 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $5.01 earnings per share. research analysts anticipate that Alphabet Inc Class A will post 42.46 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on GOOGL shares. Morgan Stanley reiterated an “overweight” rating and issued a $1,250.00 price objective (up previously from $1,200.00) on shares of Alphabet Inc Class A in a research note on Thursday, June 28th. Zacks Investment Research lowered shares of Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. ValuEngine upgraded shares of Alphabet Inc Class A from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Nomura assumed coverage on shares of Alphabet Inc Class A in a report on Tuesday, July 10th. They set a “buy” rating and a $1,400.00 price target on the stock. Finally, Barclays increased their price target on shares of Alphabet Inc Class A from $1,250.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Friday, July 13th. Five investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $1,313.72.

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.

Read More: Return on Investment (ROI)

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

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