Alphabet Inc. (NASDAQ:GOOGL) is Aperio Group LLC’s 4th Largest Position
Aperio Group LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.7% during the second quarter, Holdings Channel reports. The firm owned 219,112 shares of the information services provider’s stock after buying an additional 19,360 shares during the period. Alphabet comprises approximately 1.2% of Aperio Group LLC’s holdings, making the stock its 4th largest position. Aperio Group LLC’s holdings in Alphabet were worth $203,704,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of GOOGL. Ancora Advisors LLC raised its stake in Alphabet by 261.6% in the fourth quarter. Ancora Advisors LLC now owns 3,913 shares of the information services provider’s stock valued at $3,101,000 after buying an additional 2,831 shares in the last quarter. Alta Capital Management LLC raised its stake in Alphabet by 1.3% in the first quarter. Alta Capital Management LLC now owns 79,008 shares of the information services provider’s stock valued at $66,982,000 after buying an additional 1,001 shares in the last quarter. Chescapmanager LLC acquired a new stake in Alphabet during the fourth quarter worth approximately $9,509,000. Patriot Wealth Management Inc. raised its stake in Alphabet by 2.6% in the first quarter. Patriot Wealth Management Inc. now owns 5,599 shares of the information services provider’s stock worth $4,747,000 after buying an additional 141 shares during the period. Finally, JW Asset Management LLC raised its stake in Alphabet by 40.0% in the fourth quarter. JW Asset Management LLC now owns 10,500 shares of the information services provider’s stock worth $8,321,000 after buying an additional 3,000 shares during the period. 34.37% of the stock is owned by hedge funds and other institutional investors.
Shares of Alphabet Inc. (GOOGL) traded up 0.58% during mid-day trading on Friday, reaching $945.79. 1,254,574 shares of the company’s stock were exchanged. The stock has a market cap of $655.32 billion, a PE ratio of 34.28 and a beta of 0.99. The company has a 50 day moving average price of $963.05 and a 200-day moving average price of $904.34. Alphabet Inc. has a one year low of $743.59 and a one year high of $1,008.61.
Alphabet (NASDAQ:GOOGL) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing analysts’ consensus estimates of $8.25 by $3.24. The company had revenue of $20.92 billion for the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same period in the previous year, the firm posted $8.42 EPS. On average, analysts predict that Alphabet Inc. will post $30.59 EPS for the current year.
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A number of research firms recently commented on GOOGL. B. Riley restated a “buy” rating and set a $1,032.00 price target on shares of Alphabet in a research report on Friday, April 28th. UBS AG restated a “buy” rating and set a $1,050.00 price target (up from $980.00) on shares of Alphabet in a research report on Saturday, April 29th. Goldman Sachs Group, Inc. (The) decreased their price target on Alphabet from $1,100.00 to $970.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Zacks Investment Research lowered Alphabet from a “buy” rating to a “hold” rating in a research report on Monday, April 17th. Finally, Vetr upgraded Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,053.55 price target on the stock in a research report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. Alphabet presently has an average rating of “Buy” and a consensus price target of $1,043.51.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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