Alphabet Inc. (GOOGL) is Page Arthur B’s 10th Largest Position
Page Arthur B boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.7% during the second quarter, Holdings Channel reports. The fund owned 4,088 shares of the company’s stock after buying an additional 145 shares during the period. Alphabet accounts for 2.9% of Page Arthur B’s holdings, making the stock its 10th largest position. Page Arthur B’s holdings in Alphabet were worth $2,876,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. increased its stake in shares of Alphabet by 144.9% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 169 shares of the company’s stock worth $119,000 after buying an additional 100 shares in the last quarter. SevenBridge Financial Group LLC purchased a new position in shares of Alphabet during the first quarter worth $120,000. Dividend Assets Capital LLC purchased a new position in shares of Alphabet during the second quarter worth $120,000. Peoples Financial Services CORP. boosted its position in shares of Alphabet by 2.3% in the second quarter. Peoples Financial Services CORP. now owns 221 shares of the company’s stock worth $155,000 after buying an additional 5 shares during the last quarter. Finally, Cacti Asset Management LLC purchased a new position in shares of Alphabet during the second quarter worth $162,000. 34.12% of the stock is owned by hedge funds and other institutional investors.
Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.06% on Friday, hitting $804.60. 1,111,934 shares of the company traded hands. Alphabet Inc. has a 1-year low of $670.70 and a 1-year high of $819.86. The stock has a market capitalization of $552.98 billion, a price-to-earnings ratio of 31.18 and a beta of 1.00. The firm’s 50 day moving average price is $801.64 and its 200-day moving average price is $761.61.
Alphabet (NASDAQ:GOOGL) last released its 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 net margin of 22.00% and a return on equity of 14.74%. On average, equities research analysts expect that Alphabet Inc. will post $34.11 earnings per share for the current year.
A number of research analysts recently weighed in on the company. Mizuho reiterated a “buy” rating and issued a $1,020.00 target price (up previously from $1,010.00) on shares of Alphabet in a report on Sunday, July 31st. Bank of America Corp. reiterated a “buy” rating and issued a $960.00 target price on shares of Alphabet in a report on Monday, September 26th. Macquarie reiterated an “outperform” rating on shares of Alphabet in a report on Tuesday, July 19th. Evercore ISI reiterated a “buy” rating and issued a $830.00 target price on shares of Alphabet in a report on Tuesday, July 26th. Finally, JMP Securities lifted their target price on Alphabet from $904.00 to $928.00 and gave the company a “market outperform” rating in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, forty-seven have given a buy rating and one has issued a strong buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and an average target price of $926.50.
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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