Alphabet Inc (NASDAQ:GOOGL) Shares Acquired by KG&L Capital Management LLC

KG&L Capital Management LLC increased its stake in Alphabet Inc (NASDAQ:GOOGL) by 17.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,074 shares of the information services provider’s stock after acquiring an additional 157 shares during the period. Alphabet makes up 1.2% of KG&L Capital Management LLC’s investment portfolio, making the stock its 20th largest position. KG&L Capital Management LLC’s holdings in Alphabet were worth $1,311,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Alphabet by 1.4% in the second quarter. Vanguard Group Inc. now owns 22,536,432 shares of the information services provider’s stock valued at $24,402,449,000 after buying an additional 302,354 shares during the period. Invesco Ltd. raised its holdings in Alphabet by 37.1% in the second quarter. Invesco Ltd. now owns 4,752,079 shares of the information services provider’s stock valued at $5,145,551,000 after buying an additional 1,285,824 shares during the period. Northern Trust Corp raised its holdings in Alphabet by 0.9% in the second quarter. Northern Trust Corp now owns 3,876,945 shares of the information services provider’s stock valued at $4,197,956,000 after buying an additional 33,408 shares during the period. Thoroughbred Financial Services LLC raised its holdings in Alphabet by 205,910.9% in the second quarter. Thoroughbred Financial Services LLC now owns 3,393,000 shares of the information services provider’s stock valued at $339,300,000 after buying an additional 3,391,353 shares during the period. Finally, Morgan Stanley raised its holdings in Alphabet by 3.0% in the second quarter. Morgan Stanley now owns 2,301,237 shares of the information services provider’s stock valued at $2,491,779,000 after buying an additional 66,773 shares during the period. 33.50% of the stock is currently owned by institutional investors and hedge funds.

GOOGL has been the topic of a number of analyst reports. JMP Securities lifted their price objective on shares of Alphabet to $1,450.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. FBN Securities set a $1,400.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research note on Friday, July 26th. Zacks Investment Research upgraded shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,189.00 price objective on the stock in a research note on Monday, July 8th. Royal Bank of Canada lifted their price objective on shares of Alphabet from $1,425.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Finally, SunTrust Banks reiterated a “buy” rating and set a $1,325.00 price objective on shares of Alphabet in a research note on Monday, July 22nd. Eight research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $1,375.78.

Alphabet stock traded up $6.24 during mid-day trading on Friday, reaching $1,215.71. The company’s stock had a trading volume of 1,116,202 shares, compared to its average volume of 1,311,059. The firm has a market cap of $842.22 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 1.40 and a beta of 0.99. The business has a 50 day moving average price of $1,206.08 and a 200-day moving average price of $1,174.07. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07. Alphabet Inc has a twelve month low of $977.66 and a twelve month high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, topping analysts’ consensus estimates of $11.49 by $2.72. The firm had revenue of $31.71 billion during the quarter, compared to the consensus estimate of $30.90 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. On average, equities analysts expect that Alphabet Inc will post 51.29 EPS for the current fiscal year.

Alphabet 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 (NASDAQ:GOOGL)

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