Alphabet Inc Class A (GOOGL) Position Trimmed by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its holdings in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 20.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,070 shares of the information services provider’s stock after selling 3,357 shares during the period. Daiwa Securities Group Inc.’s holdings in Alphabet Inc Class A were worth $14,758,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GOOGL. Well Done LLC purchased a new stake in shares of Alphabet Inc Class A in the first quarter valued at $107,000. Westchester Capital Management Inc. lifted its position 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 valued at $113,000 after acquiring an additional 101 shares in the last quarter. KHP Capital LLC purchased a new stake in shares of Alphabet Inc Class A in the first quarter valued at $124,000. Private Ocean LLC lifted its position 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 valued at $127,000 after acquiring an additional 96 shares in the last quarter. Finally, Highlander Capital Management LLC lifted its position 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 valued at $133,000 after acquiring an additional 100 shares in the last quarter. 33.53% of the stock is currently owned by hedge funds and other institutional investors.

GOOGL has been the topic of several recent research reports. B. Riley restated a “buy” rating on shares of Alphabet Inc Class A in a research report on Monday, July 16th. Nomura initiated coverage on Alphabet Inc Class A in a research report on Tuesday, July 10th. They issued a “buy” rating and a $1,400.00 price objective on the stock. ValuEngine upgraded Alphabet Inc Class A from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Monness Crespi & Hardt upped their price objective on Alphabet Inc Class A from $1,306.00 to $1,415.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. Finally, Citigroup restated a “buy” rating and issued a $1,400.00 price objective (up from $1,350.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. One investment 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 company. Alphabet Inc Class A has an average rating of “Buy” and an average price target of $1,315.01.

Alphabet Inc Class A stock opened at $1,120.54 on Friday. The firm 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 52 week low of $977.08 and a 52 week high of $1,291.44. 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 (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $9.51 by $2.24. The company had revenue of $26.24 billion during the quarter, compared to analyst estimates of $25.64 billion. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. During the same period in the prior year, the firm posted $5.01 earnings per share. Research analysts predict that Alphabet Inc Class A will post 42.53 EPS for the current year.

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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