Alphabet Inc Class A (GOOGL) Stake Lessened by Capital One National Association

Capital One National Association lowered its position in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,030 shares of the information services provider’s stock after selling 738 shares during the quarter. Alphabet Inc Class A accounts for about 0.8% of Capital One National Association’s holdings, making the stock its 22nd largest position. Capital One National Association’s holdings in Alphabet Inc Class A were worth $11,326,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Rathbone Brothers plc increased its stake in Alphabet Inc Class A by 29.5% in the 2nd quarter. Rathbone Brothers plc now owns 54,364 shares of the information services provider’s stock valued at $61,387,000 after buying an additional 12,377 shares during the period. TRUE Private Wealth Advisors increased its stake in Alphabet Inc Class A by 55.8% in the 2nd quarter. TRUE Private Wealth Advisors now owns 2,488 shares of the information services provider’s stock valued at $2,809,000 after buying an additional 891 shares during the period. Atria Investments LLC increased its stake in Alphabet Inc Class A by 10.6% in the 2nd quarter. Atria Investments LLC now owns 4,952 shares of the information services provider’s stock valued at $5,592,000 after buying an additional 474 shares during the period. LGT Capital Partners LTD. increased its stake in Alphabet Inc Class A by 3.3% in the 2nd quarter. LGT Capital Partners LTD. now owns 45,997 shares of the information services provider’s stock valued at $51,939,000 after buying an additional 1,452 shares during the period. Finally, Legacy Private Trust Co. increased its stake in Alphabet Inc Class A by 5.1% in the 2nd quarter. Legacy Private Trust Co. now owns 3,716 shares of the information services provider’s stock valued at $4,196,000 after buying an additional 179 shares during the period. Institutional investors and hedge funds own 33.62% of the company’s stock.

Several research analysts have weighed in on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $1,515.00 price objective (up previously from $1,325.00) on shares of Alphabet Inc Class A in a research note on Wednesday, August 29th. Macquarie reissued a “buy” rating and issued a $1,250.00 target price on shares of Alphabet Inc Class A in a research report on Monday, August 27th. MKM Partners boosted their target price 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. Jefferies Financial Group reissued a “buy” rating and issued a $1,450.00 target price on shares of Alphabet Inc Class A in a research report on Tuesday, August 21st. Finally, Argus boosted their target price on shares of Alphabet Inc Class A to $1,450.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Five research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $1,313.72.

Shares of Alphabet Inc Class A stock opened at $1,182.14 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. Alphabet Inc Class A has a fifty-two week low of $924.51 and a fifty-two week high of $1,291.44. The firm has a market capitalization of $828.17 billion, a price-to-earnings ratio of 36.77, a P/E/G ratio of 1.51 and a beta of 1.10.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $9.51 by $2.24. Alphabet Inc Class A had a net margin of 13.16% and a return on equity of 18.24%. The company had revenue of $26.24 billion during the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter in the prior year, the company posted $5.01 EPS. equities research analysts expect that Alphabet Inc Class A will post 42.46 earnings per share for the current fiscal year.

About Alphabet Inc Class A

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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