Silicon Valley Capital Partners Purchases 20 Shares of Alphabet Inc. (GOOGL)
Silicon Valley Capital Partners boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,651 shares of the company’s stock after buying an additional 20 shares during the period. Alphabet comprises 0.9% of Silicon Valley Capital Partners’ portfolio, making the stock its 12th largest position. Silicon Valley Capital Partners’ holdings in Alphabet were worth $1,162,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the stock. Bank of Montreal Can bought a new stake in shares of Alphabet during the second quarter valued at approximately $761,801,000. Emerald Acquisition Ltd. bought a new stake in shares of Alphabet during the second quarter valued at approximately $400,022,000. Boston Partners raised its stake in shares of Alphabet by 150.0% in the second quarter. Boston Partners now owns 810,490 shares of the company’s stock valued at $570,204,000 after buying an additional 486,266 shares during the last quarter. Investec Asset Management LTD raised its stake in shares of Alphabet by 944.0% in the first quarter. Investec Asset Management LTD now owns 326,855 shares of the company’s stock valued at $249,358,000 after buying an additional 295,547 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of Alphabet during the first quarter valued at approximately $218,533,000. 34.12% of the stock is owned by hedge funds and other institutional investors.
Shares of Alphabet Inc. (NASDAQ:GOOGL) remained flat at $809.57 on Wednesday. The company’s stock had a trading volume of 290,432 shares. The stock has a market cap of $556.40 billion, a PE ratio of 31.37 and a beta of 1.00. The firm’s 50 day moving average is $800.52 and its 200-day moving average is $760.57. Alphabet Inc. has a 12-month low of $670.70 and a 12-month high of $819.86.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. Equities analysts predict that Alphabet Inc. will post $34.11 earnings per share for the current fiscal year.
Several equities research analysts recently commented on the stock. Wedbush lowered shares of Alphabet from a “neutral” rating to an “underperform” rating and boosted their price target for the stock from $7.20 to $800.00 in a report on Tuesday, September 27th. Morgan Stanley reissued a “buy” rating and issued a $880.00 price target on shares of Alphabet in a report on Thursday, September 29th. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $907.00 price target for the company in a report on Wednesday. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Alphabet in a research note on Sunday, August 14th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $1,025.00 target price (up previously from $1,000.00) on shares of Alphabet in a research note on Friday, September 30th. One 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 given a strong buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and a consensus target price of $926.50.
Alphabet Company Profile
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.
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL).
Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.