Alphabet Inc Class A (GOOGL) is Rhumbline Advisers’ 9th Largest Position

Rhumbline Advisers increased its stake in Alphabet Inc Class A (NASDAQ:GOOGL) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 492,364 shares of the information services provider’s stock after buying an additional 7,925 shares during the quarter. Alphabet Inc Class A comprises approximately 1.1% of Rhumbline Advisers’ holdings, making the stock its 9th largest holding. Rhumbline Advisers’ holdings in Alphabet Inc Class A were worth $555,973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Well Done LLC bought a new stake in shares of Alphabet Inc Class A during the first quarter worth $107,000. Westchester Capital Management Inc. lifted its position in shares of Alphabet Inc Class A by 1,262.5% during the first quarter. Westchester Capital Management Inc. now owns 109 shares of the information services provider’s stock worth $113,000 after purchasing an additional 101 shares during the last quarter. KHP Capital LLC bought a new stake in shares of Alphabet Inc Class A during the first quarter worth $124,000. Emerald Investment Partners LLC bought a new stake in shares of Alphabet Inc Class A during the second quarter worth $137,000. Finally, Private Ocean LLC lifted 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 worth $127,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 33.46% of the company’s stock.

GOOGL opened at $1,071.49 on Friday. Alphabet Inc Class A has a 1 year low of $984.00 and a 1 year high of $1,291.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. The stock has a market capitalization of $745.70 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 1.31 and a beta of 1.06.

Alphabet Inc Class A (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.54 by $2.52. Alphabet Inc Class A had a return on equity of 19.40% and a net margin of 14.45%. The company had revenue of $27.16 billion for the quarter, compared to analyst estimates of $27.32 billion. Sell-side analysts predict that Alphabet Inc Class A will post 45.24 EPS for the current fiscal year.

Several analysts have recently weighed in on GOOGL shares. Wells Fargo & Co reiterated an “outperform” rating and set a $1,400.00 target price (up from $1,275.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. B. Riley raised their price target on Alphabet Inc Class A from $1,350.00 to $1,475.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. Wedbush started coverage on Alphabet Inc Class A in a research note on Wednesday, October 17th. They set an “outperform” rating and a $1,350.00 price target on the stock. Barclays raised their price target on Alphabet Inc Class A from $1,250.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Friday, July 13th. Finally, Zacks Investment Research upgraded Alphabet Inc Class A from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty have issued a buy rating to the stock. Alphabet Inc Class A presently has a consensus rating of “Buy” and an average target price of $1,333.76.

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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