Gerstein Fisher Buys 135 Shares of Alphabet Inc. (GOOGL)
Gerstein Fisher increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,841 shares of the company’s stock after buying an additional 135 shares during the period. Gerstein Fisher’s holdings in Alphabet were worth $1,999,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Alphabet by 0.4% in the first quarter. State Street Corp now owns 11,181,006 shares of the company’s stock worth $8,529,984,000 after buying an additional 39,282 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Alphabet by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,618,239 shares of the company’s stock worth $5,811,955,000 after buying an additional 44,888 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Alphabet by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 4,096,211 shares of the company’s stock worth $2,881,806,000 after buying an additional 14,001 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Alphabet by 4.4% in the first quarter. Geode Capital Management LLC now owns 2,552,124 shares of the company’s stock worth $1,943,342,000 after buying an additional 106,872 shares in the last quarter. Finally, BlackRock Group LTD raised its stake in shares of Alphabet by 0.5% in the first quarter. BlackRock Group LTD now owns 2,332,888 shares of the company’s stock worth $1,779,758,000 after buying an additional 12,105 shares in the last quarter. Institutional investors and hedge funds own 34.12% of the company’s stock.
Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 1.0336% during midday trading on Monday, reaching $808.9864. The company’s stock had a trading volume of 421,051 shares. The company has a 50 day moving average of $799.75 and a 200-day moving average of $759.77. Alphabet Inc. has a 52 week low of $667.24 and a 52 week high of $819.06. The stock has a market capitalization of $555.99 billion, a price-to-earnings ratio of 31.3451 and a beta of 1.00.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 predict that Alphabet Inc. will post $34.11 earnings per share for the current year.
GOOGL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. restated an “overweight” rating and issued a $950.00 target price on shares of Alphabet in a research note on Friday, September 9th. Wedbush cut Alphabet from a “neutral” rating to an “underperform” rating and raised their target price for the company from $7.20 to $800.00 in a research note on Tuesday, September 27th. Susquehanna restated a “positive” rating and issued a $930.00 target price on shares of Alphabet in a research note on Monday, July 18th. Jefferies Group restated a “buy” rating and issued a $925.00 target price on shares of Alphabet in a research note on Monday, July 18th. Finally, Vetr cut Alphabet from a “strong-buy” rating to a “buy” rating and set a $803.74 price objective for the company. in a research note on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, forty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and a consensus price target 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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