MARSHALL WACE ASIA Ltd lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 14.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,767 shares of the information services provider’s stock after buying an additional 14,250 shares during the quarter. Alphabet comprises approximately 5.3% of MARSHALL WACE ASIA Ltd’s holdings, making the stock its 3rd biggest position. MARSHALL WACE ASIA Ltd’s holdings in Alphabet were worth $103,013,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in shares of Alphabet in the second quarter valued at $102,000. Franklin Parlapiano Turner & Welch LLC bought a new position in shares of Alphabet in the first quarter valued at $108,000. Parkside Financial Bank & Trust grew its stake in shares of Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after buying an additional 36 shares in the last quarter. Lloyds Banking Group plc bought a new position in shares of Alphabet in the second quarter valued at $133,000. Finally, Farmers National Bank grew its stake in shares of Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after buying an additional 4 shares in the last quarter. 33.68% of the stock is owned by institutional investors and hedge funds.
GOOGL has been the subject of several research reports. Canaccord Genuity reaffirmed a “hold” rating and set a $1,000.00 price target on shares of Alphabet in a report on Thursday, July 27th. BMO Capital Markets reaffirmed a “market perform” rating and set a $970.00 price target on shares of Alphabet in a report on Thursday, July 27th. KeyCorp reaffirmed an “overweight” rating and set a $1,100.00 price target on shares of Alphabet in a report on Thursday, July 27th. Tigress Financial reaffirmed a “strong-buy” rating on shares of Alphabet in a report on Thursday, July 27th. Finally, B. Riley reaffirmed a “buy” rating and set a $1,050.00 price target on shares of Alphabet in a report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,088.53.
Alphabet Inc. (NASDAQ:GOOGL) opened at $1,051.92 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc. has a 12-month low of $753.36 and a 12-month high of $1,063.62. The company has a market capitalization of $730,875.13, a price-to-earnings ratio of 35.22, a P/E/G ratio of 1.77 and a beta of 0.91.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Zacks’ consensus estimate of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The company had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. During the same quarter last year, the business earned $9.06 earnings per share. analysts expect that Alphabet Inc. will post 32.34 EPS for the current fiscal year.
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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