WCM Investment Management CA raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 23,688 shares of the company’s stock after buying an additional 2,281 shares during the period. WCM Investment Management CA’s holdings in Alphabet were worth $16,665,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. SevenBridge Financial Group LLC purchased a new stake in Alphabet during the first quarter valued at about $120,000. Dividend Assets Capital LLC purchased a new stake in Alphabet during the second quarter valued at about $120,000. Peoples Financial Services CORP. boosted its stake in Alphabet by 2.3% in the second quarter. Peoples Financial Services CORP. now owns 221 shares of the company’s stock valued at $155,000 after buying an additional 5 shares during the last quarter. Cacti Asset Management LLC purchased a new stake in Alphabet during the second quarter valued at about $162,000. Finally, Founders Capital Management LLC purchased a new stake in Alphabet during the second quarter valued at about $196,000. Institutional investors and hedge funds own 34.12% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOGL) traded up 0.61% on Friday, hitting $807.50. 813,141 shares of the stock were exchanged. Alphabet Inc. has a 52 week low of $633.50 and a 52 week high of $819.06. The company has a market cap of $554.97 billion, a PE ratio of 31.29 and a beta of 0.98. The company’s 50-day moving average is $800.27 and its 200-day moving average is $757.79.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, July 28th. The company reported $8.42 EPS for the quarter, beating analysts’ consensus estimates of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. On average, analysts predict that Alphabet Inc. will post $34.26 earnings per share for the current year.
GOOGL has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated an “overweight” rating and set a $950.00 price objective on shares of Alphabet in a research report on Friday, September 9th. Wedbush cut shares of Alphabet from a “neutral” rating to an “underperform” rating and raised their price objective for the stock from $7.20 to $800.00 in a research report on Tuesday. Susquehanna restated a “positive” rating and set a $930.00 price objective on shares of Alphabet in a research report on Monday, July 18th. Jefferies Group restated a “buy” rating and set a $925.00 price objective on shares of Alphabet in a research report on Monday, July 18th. Finally, Vetr cut shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $803.74 price objective for the company. in a research report on Monday, July 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, forty-seven have issued a buy rating and one has given a strong buy rating to the company. Alphabet presently has an average rating of “Buy” and an average price target of $924.25.
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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