Girard Partners LTD. Acquires New Position in Alphabet Inc Class A (GOOGL)

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Girard Partners LTD. acquired a new stake in Alphabet Inc Class A (NASDAQ:GOOGL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,949 shares of the information services provider’s stock, valued at approximately $6,717,000. Alphabet Inc Class A accounts for about 1.3% of Girard Partners LTD.’s holdings, making the stock its 23rd biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Well Done LLC bought a new stake in Alphabet Inc Class A in the first quarter valued at approximately $107,000. Private Ocean LLC boosted its holdings in Alphabet Inc Class A by 355.6% in the first quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock valued at $127,000 after acquiring an additional 96 shares during the last quarter. Highlander Capital Management LLC boosted its holdings in Alphabet Inc Class A by 333.3% in the first quarter. Highlander Capital Management LLC now owns 130 shares of the information services provider’s stock valued at $133,000 after acquiring an additional 100 shares during the last quarter. Emerald Investment Partners LLC bought a new stake in Alphabet Inc Class A in the second quarter valued at approximately $137,000. Finally, Clearwater Capital Advisors LLC bought a new stake in Alphabet Inc Class A in the first quarter valued at approximately $153,000. 33.43% of the stock is owned by institutional investors.

Shares of GOOGL opened at $1,069.57 on Wednesday. Alphabet Inc Class A has a 12-month low of $984.00 and a 12-month high of $1,291.44. 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 capitalization of $745.63 billion, a P/E ratio of 33.37, a PEG ratio of 1.31 and a beta of 1.06.

Alphabet Inc Class A (NASDAQ:GOOGL) last issued its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $27.32 billion. As a group, sell-side analysts forecast that Alphabet Inc Class A will post 45.24 earnings per share for the current fiscal year.

Several analysts recently commented on the company. JMP Securities reiterated a “market outperform” rating and issued a $1,375.00 target price (down from $1,390.00) on shares of Alphabet Inc Class A in a report on Friday, November 2nd. Canaccord Genuity reiterated a “hold” rating and issued a $1,140.00 target price (down from $1,170.00) on shares of Alphabet Inc Class A in a report on Friday, October 26th. Goldman Sachs Group reduced their target price on Alphabet Inc Class A from $1,500.00 to $1,300.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Barclays reduced their target price on Alphabet Inc Class A from $1,415.00 to $1,400.00 and set an “overweight” rating on the stock in a report on Friday, October 26th. Finally, Bank of America reduced their target price on Alphabet Inc Class A from $1,390.00 to $1,350.00 and set a “buy” rating on the stock in a report on Friday, October 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirty have issued a buy rating to the company’s stock. The company presently 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.

Further Reading: How can you know how many shares are floating?

Institutional Ownership by Quarter for Alphabet Inc Class A (NASDAQ:GOOGL)

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