Crossmark Global Holdings Inc. lessened its stake in Alphabet Inc Class A (NASDAQ:GOOGL) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,021 shares of the information services provider’s stock after selling 992 shares during the period. Alphabet Inc Class A accounts for approximately 0.7% of Crossmark Global Holdings Inc.’s portfolio, making the stock its 16th largest position. Crossmark Global Holdings Inc.’s holdings in Alphabet Inc Class A were worth $24,866,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Well Done LLC purchased a new stake in shares of Alphabet Inc Class A in the first quarter valued at about $107,000. Westchester Capital Management Inc. raised its holdings in shares of Alphabet Inc Class A by 1,262.5% in the first quarter. Westchester Capital Management Inc. now owns 109 shares of the information services provider’s stock valued at $113,000 after buying an additional 101 shares during the last quarter. KHP Capital LLC purchased a new stake in shares of Alphabet Inc Class A in the first quarter valued at about $124,000. Private Ocean LLC raised its holdings in shares of Alphabet Inc Class A by 355.6% in the first quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock valued at $127,000 after buying an additional 96 shares during the last quarter. Finally, Highlander Capital Management LLC raised its holdings in shares of Alphabet Inc Class A by 333.3% in the first quarter. Highlander Capital Management LLC now owns 130 shares of the information services provider’s stock valued at $133,000 after buying an additional 100 shares during the last quarter. Institutional investors own 33.53% of the company’s stock.

Several research analysts recently issued reports on GOOGL shares. Wells Fargo & Co reissued an “outperform” rating and set a $1,400.00 price target (up from $1,275.00) on shares of Alphabet Inc Class A in a report on Tuesday, July 24th. B. Riley increased their price target on shares of Alphabet Inc Class A from $1,350.00 to $1,475.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. Wedbush started coverage on shares of Alphabet Inc Class A in a report on Wednesday. They set a “buy” rating and a $1,350.00 price target for the company. Barclays increased their price target on shares of Alphabet Inc Class A from $1,250.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Friday, July 13th. Finally, Zacks Investment Research raised shares of Alphabet Inc Class A from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have given a buy rating to the company. Alphabet Inc Class A has an average rating of “Buy” and an average price target of $1,316.01.

Shares of NASDAQ GOOGL opened at $1,127.59 on Thursday. Alphabet Inc Class A has a 1 year low of $977.08 and a 1 year high of $1,291.44. The company has a market cap of $840.06 billion, a P/E ratio of 35.18, a PEG ratio of 1.53 and a beta of 1.11. The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $9.51 by $2.24. Alphabet Inc Class A had a net margin of 13.16% and a return on equity of 18.24%. The firm had revenue of $26.24 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same quarter last year, the business earned $5.01 earnings per share. Sell-side analysts anticipate that Alphabet Inc Class A will post 42.53 earnings per share for the current year.

Alphabet Inc Class A Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet Inc Class A (NASDAQ:GOOGL)

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