Wintrust Investments LLC Acquires 71 Shares of Alphabet Inc (NASDAQ:GOOGL)

Wintrust Investments LLC boosted its position in Alphabet Inc (NASDAQ:GOOGL) by 9.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 823 shares of the information services provider’s stock after buying an additional 71 shares during the quarter. Wintrust Investments LLC’s holdings in Alphabet were worth $891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Thoroughbred Financial Services LLC increased its position in shares of Alphabet by 205,910.9% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,393,000 shares of the information services provider’s stock valued at $339,300,000 after purchasing an additional 3,391,353 shares during the last quarter. Packer & Co Ltd grew its position in Alphabet by 4,018.6% during the 2nd quarter. Packer & Co Ltd now owns 958,600 shares of the information services provider’s stock worth $25,202,000 after purchasing an additional 935,325 shares during the last quarter. Royal London Asset Management Ltd. purchased a new position in Alphabet during the 4th quarter worth $237,900,000. AMF Pensionsforsakring AB grew its position in Alphabet by 172.7% during the 4th quarter. AMF Pensionsforsakring AB now owns 209,505 shares of the information services provider’s stock worth $218,924,000 after purchasing an additional 132,686 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Alphabet by 41.6% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 243,947 shares of the information services provider’s stock worth $264,144,000 after purchasing an additional 71,681 shares during the last quarter. 34.09% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on GOOGL. Loop Capital began coverage on shares of Alphabet in a research note on Monday, June 3rd. They issued a “hold” rating and a $1,250.00 price objective for the company. BMO Capital Markets raised their price objective on shares of Alphabet to $1,225.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. 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. Morgan Stanley raised their price objective on shares of Alphabet from $1,400.00 to $1,450.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Canaccord Genuity raised their price objective on shares of Alphabet from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Eight research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and a consensus target price of $1,371.05.

Shares of Alphabet stock traded up $1.50 during trading on Thursday, hitting $1,193.08. 493,268 shares of the stock were exchanged, compared to its average volume of 1,834,162. The stock’s fifty day moving average is $1,169.82 and its 200 day moving average is $1,159.31. The stock has a market cap of $832.38 billion, a PE ratio of 25.11, a P/E/G ratio of 1.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98. Alphabet Inc has a 12 month low of $977.66 and a 12 month high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, topping the consensus estimate of $11.49 by $2.72. The business had revenue of $31.71 billion during the quarter, compared to analyst estimates of $30.90 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. Sell-side analysts anticipate that Alphabet Inc will post 51.94 EPS for the current fiscal year.

About Alphabet

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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