Alphabet Inc Class A (GOOGL) Shares Bought by Greenleaf Trust

Greenleaf Trust raised its holdings in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 57.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,953 shares of the information services provider’s stock after buying an additional 1,806 shares during the quarter. Greenleaf Trust’s holdings in Alphabet Inc Class A were worth $5,593,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Well Done LLC bought a new stake in shares of Alphabet Inc Class A during the first quarter valued at approximately $107,000. Private Ocean LLC increased its position in shares of Alphabet Inc Class A by 355.6% during the first quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 96 shares during the period. Highlander Capital Management LLC increased its position in shares of Alphabet Inc Class A by 333.3% during the first quarter. Highlander Capital Management LLC now owns 130 shares of the information services provider’s stock valued at $133,000 after purchasing an additional 100 shares during the period. Emerald Investment Partners LLC bought a new stake in shares of Alphabet Inc Class A during the second quarter valued at approximately $137,000. Finally, Clearwater Capital Advisors LLC bought a new stake in shares of Alphabet Inc Class A during the first quarter valued at approximately $153,000. Institutional investors own 33.43% of the company’s stock.

Shares of GOOGL stock opened at $1,077.02 on Friday. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02. The firm has a market cap of $771.20 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06. Alphabet Inc Class A has a 52 week low of $984.00 and a 52 week high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, topping the consensus estimate of $10.54 by $2.52. The company had revenue of $27.16 billion for the quarter, compared to analysts’ expectations of $27.32 billion. Alphabet Inc Class A had a return on equity of 19.40% and a net margin of 14.45%. As a group, equities analysts predict that Alphabet Inc Class A will post 45.24 EPS for the current year.

A number of brokerages have weighed in on GOOGL. Monness Crespi & Hardt upped their price target 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. Canaccord Genuity reiterated a “hold” rating and issued a $1,170.00 price target (up from $1,050.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. JMP Securities reiterated a “market outperform” rating and issued a $1,375.00 price target (down from $1,390.00) on shares of Alphabet Inc Class A in a research report on Friday, November 2nd. Mizuho reiterated a “positive” rating and issued a $1,460.00 price target on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $1,330.00 price target (down from $1,350.00) on shares of Alphabet Inc Class A in a research report on Monday, July 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,333.76.

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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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