Alphabet Inc. (GOOGL) Shares Bought by Advisors Asset Management Inc.
Advisors Asset Management Inc. boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 42,528 shares of the company’s stock after buying an additional 739 shares during the period. Alphabet comprises about 0.5% of Advisors Asset Management Inc.’s portfolio, making the stock its 21st largest position. Advisors Asset Management Inc.’s holdings in Alphabet were worth $29,920,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Bank of Montreal Can acquired a new position in Alphabet during the second quarter worth $761,801,000. Emerald Acquisition Ltd. acquired a new position in Alphabet during the second quarter worth $400,022,000. Boston Partners raised its position in Alphabet by 150.0% in the second quarter. Boston Partners now owns 810,490 shares of the company’s stock worth $570,204,000 after buying an additional 486,266 shares during the period. Investec Asset Management LTD raised its position in Alphabet by 944.0% in the first quarter. Investec Asset Management LTD now owns 326,855 shares of the company’s stock worth $249,358,000 after buying an additional 295,547 shares during the period. Finally, NN Investment Partners Holdings N.V. acquired a new position in Alphabet during the first quarter worth $218,533,000. Institutional investors own 34.12% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOGL) traded up 0.06% during trading on Friday, reaching $804.60. 1,111,934 shares of the company’s stock were exchanged. 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 company’s 50 day moving average price is $801.64 and its 200-day moving average price is $761.61. Alphabet Inc. has a 52 week low of $670.70 and a 52 week high of $819.86.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, July 28th. The company reported $8.42 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%. On average, equities analysts expect that Alphabet Inc. will post $34.11 EPS for the current year.
A number of research analysts have weighed in on GOOGL shares. Evercore ISI reissued a “buy” rating and issued a $830.00 target price (down from $950.00) on shares of Alphabet in a research note on Thursday, June 23rd. Pacific Crest reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, June 22nd. Susquehanna reaffirmed a “positive” rating and set a $930.00 price target on shares of Alphabet in a research report on Saturday, June 25th. Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, June 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $1,000.00 price target on shares of Alphabet in a research report on Tuesday, June 28th. 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’s stock. The stock has an average rating of “Buy” and an average 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.
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