Alphabet Inc. (NASDAQ:GOOGL) Position Held by Hikari Tsushin Inc.
Hikari Tsushin Inc. held its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the first quarter, Holdings Channel reports. The firm owned 6,980 shares of the information services provider’s stock at the end of the first quarter. Alphabet makes up approximately 1.7% of Hikari Tsushin Inc.’s holdings, making the stock its 7th largest position. Hikari Tsushin Inc.’s holdings in Alphabet were worth $5,918,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Intellectus Partners LLC purchased a new stake in Alphabet during the fourth quarter valued at approximately $2,762,000. Moloney Securities Asset Management LLC purchased a new stake in Alphabet during the fourth quarter valued at approximately $2,351,000. Glassman Wealth Services increased its stake in Alphabet by 1.6% in the fourth quarter. Glassman Wealth Services now owns 370 shares of the information services provider’s stock valued at $293,000 after buying an additional 6 shares in the last quarter. Three Bays Capital LP purchased a new stake in Alphabet during the fourth quarter valued at approximately $22,030,000. Finally, SRS Capital Advisors Inc. purchased a new stake in Alphabet during the fourth quarter valued at approximately $324,000. Institutional investors and hedge funds own 34.31% of the company’s stock.
Shares of Alphabet Inc. (NASDAQ:GOOGL) traded down 0.61% on Wednesday, hitting $938.42. The stock had a trading volume of 328,758 shares. The stock has a 50 day moving average of $961.20 and a 200-day moving average of $905.21. Alphabet Inc. has a 12 month low of $743.59 and a 12 month high of $1,008.61. The stock has a market cap of $650.21 billion, a PE ratio of 34.01 and a beta of 0.99.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.25 by $3.24. The firm had revenue of $20.92 billion during the quarter, compared to analysts’ expectations of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same quarter last year, the business earned $8.42 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post $30.59 EPS for the current year.
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GOOGL has been the subject of several recent research reports. JMP Securities restated an “outperform” rating and set a $1,095.00 price objective (up previously from $1,020.00) on shares of Alphabet in a report on Monday, May 1st. Cowen and Company restated an “outperform” rating and set a $1,050.00 price objective on shares of Alphabet in a report on Monday, April 24th. Societe Generale set a $1,210.00 price objective on Alphabet and gave the company a “buy” rating in a report on Friday, July 7th. They noted that the move was a valuation call. MKM Partners restated a “buy” rating and set a $1,170.00 price objective (up previously from $1,000.00) on shares of Alphabet in a report on Monday, May 8th. Finally, Vetr downgraded Alphabet from a “buy” rating to a “hold” rating and set a $893.60 price objective for the company. in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $1,047.77.
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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