Glaxis Capital Management LLC Buys Shares of 1,000 Alphabet Inc Class A (GOOGL)

Glaxis Capital Management LLC bought a new position in Alphabet Inc Class A (NASDAQ:GOOGL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,000 shares of the information services provider’s stock, valued at approximately $1,129,000. Alphabet Inc Class A makes up about 4.9% of Glaxis Capital Management LLC’s holdings, making the stock its 7th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. New England Research & Management Inc. grew its position in Alphabet Inc Class A by 87.3% during the 2nd quarter. New England Research & Management Inc. now owns 751 shares of the information services provider’s stock worth $848,000 after acquiring an additional 350 shares during the last quarter. Pegasus Partners Ltd. boosted its position in Alphabet Inc Class A by 18.5% in the 2nd quarter. Pegasus Partners Ltd. now owns 468 shares of the information services provider’s stock valued at $528,000 after buying an additional 73 shares during the last quarter. Swarthmore Group Inc. boosted its position in Alphabet Inc Class A by 6.3% in the 2nd quarter. Swarthmore Group Inc. now owns 8,050 shares of the information services provider’s stock valued at $9,090,000 after buying an additional 475 shares during the last quarter. Windward Capital Management Co. CA boosted its position in Alphabet Inc Class A by 0.4% in the 2nd quarter. Windward Capital Management Co. CA now owns 19,540 shares of the information services provider’s stock valued at $22,065,000 after buying an additional 71 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its position in Alphabet Inc Class A by 7.6% in the 1st quarter. AustralianSuper Pty Ltd now owns 126,900 shares of the information services provider’s stock valued at $131,613,000 after buying an additional 8,962 shares during the last quarter. 33.53% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have commented on GOOGL shares. B. Riley reiterated a “buy” rating on shares of Alphabet Inc Class A in a research report on Monday, July 16th. Nomura started 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 increased 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 reiterated 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 issued a hold rating and thirty-one have assigned a buy rating to the stock. Alphabet Inc Class A has an average rating of “Buy” and a consensus target price of $1,315.01.

GOOGL stock opened at $1,120.54 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.13 and a current ratio of 4.15. The firm has a market capitalization of $840.06 billion, a PE ratio of 34.96, a P/E/G ratio of 1.53 and a beta of 1.11. Alphabet Inc Class A has a twelve month low of $977.08 and a twelve month high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $9.51 by $2.24. The company had revenue of $26.24 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $5.01 EPS. On average, analysts expect that Alphabet Inc Class A will post 42.53 earnings per share for the current fiscal 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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