Rothschild Investment Corp IL raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.0% during the second quarter, Holdings Channel reports. The fund owned 12,723 shares of the company’s stock after buying an additional 486 shares during the period. Alphabet comprises about 1.1% of Rothschild Investment Corp IL’s investment portfolio, making the stock its 16th largest position. Rothschild Investment Corp IL’s holdings in Alphabet were worth $8,951,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. GW&K Investment Management LLC boosted its stake in Alphabet by 48.7% in the first quarter. GW&K Investment Management LLC now owns 9,903 shares of the company’s stock worth $7,555,000 after buying an additional 3,243 shares during the last quarter. Boston Advisors LLC raised its position in Alphabet by 5.8% in the first quarter. Boston Advisors LLC now owns 157,087 shares of the company’s stock worth $119,842,000 after buying an additional 8,560 shares during the period. Carroll Financial Associates Inc. raised its position in Alphabet by 2.9% in the first quarter. Carroll Financial Associates Inc. now owns 538 shares of the company’s stock worth $410,000 after buying an additional 15 shares during the period. City Holding Co. raised its position in Alphabet by 3.8% in the first quarter. City Holding Co. now owns 383 shares of the company’s stock worth $292,000 after buying an additional 14 shares during the period. Finally, Cohen Lawrence B raised its position in Alphabet by 0.9% in the first quarter. Cohen Lawrence B now owns 344 shares of the company’s stock worth $262,000 after buying an additional 3 shares during the period. 34.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 1.68% on Monday, hitting $814.17. 1,496,115 shares of the stock were exchanged. Alphabet Inc. has a 52-week low of $667.24 and a 52-week high of $819.06. The company has a 50 day moving average of $799.75 and a 200 day moving average of $759.77. The company has a market cap of $559.56 billion, a price-to-earnings ratio of 31.55 and a beta of 1.00.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.04 by $0.38. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. Equities research analysts forecast that Alphabet Inc. will post $34.11 earnings per share for the current year.
GOOGL has been the topic of a number of recent analyst reports. Pivotal Research restated a “buy” rating and issued a $1,000.00 price target (up from $970.00) on shares of Alphabet in a research report on Monday, July 11th. Stifel Nicolaus boosted their price target on shares of Alphabet from $888.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Vetr lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $782.77 target price on the stock. in a research report on Tuesday, July 19th. Jefferies Group reiterated a “buy” rating and set a $1,000.00 target price (up from $925.00) on shares of Alphabet in a research report on Sunday, July 31st. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $940.00 target price on shares of Alphabet in a research report on Tuesday, July 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating, forty-seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $926.27.
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
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