Marshall Wace North America L.P. Has $196.98 Million Stake in Alphabet Inc. (GOOGL)

Marshall Wace North America L.P. increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 83.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 211,806 shares of the information services provider’s stock after purchasing an additional 96,653 shares during the quarter. Alphabet makes up 1.4% of Marshall Wace North America L.P.’s holdings, making the stock its 2nd largest position. Marshall Wace North America L.P.’s holdings in Alphabet were worth $196,979,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GOOGL. Reynders McVeigh Capital Management LLC raised its holdings in Alphabet by 3.6% in the 1st quarter. Reynders McVeigh Capital Management LLC now owns 20,859 shares of the information services provider’s stock valued at $17,685,000 after acquiring an additional 723 shares during the period. Dowling & Yahnke LLC raised its holdings in Alphabet by 1.9% in the 1st quarter. Dowling & Yahnke LLC now owns 8,201 shares of the information services provider’s stock valued at $6,953,000 after acquiring an additional 151 shares during the period. Lourd Capital LLC raised its holdings in Alphabet by 4.3% in the 1st quarter. Lourd Capital LLC now owns 1,011 shares of the information services provider’s stock valued at $857,000 after acquiring an additional 42 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Alphabet by 0.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 36,177 shares of the information services provider’s stock valued at $30,670,000 after acquiring an additional 150 shares during the period. Finally, Bourgeon Capital Management LLC raised its holdings in Alphabet by 1.0% in the 1st quarter. Bourgeon Capital Management LLC now owns 6,728 shares of the information services provider’s stock valued at $5,704,000 after acquiring an additional 65 shares during the period. 33.68% of the stock is currently owned by institutional investors.

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Alphabet Inc. (NASDAQ GOOGL) opened at $1,034.66 on Tuesday. The stock has a market cap of $711,900.00, a PE ratio of 34.68, a PEG ratio of 1.74 and a beta of 0.91. Alphabet Inc. has a twelve month low of $753.36 and a twelve month high of $1,063.62. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.43 by $1.14. The firm had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same period last year, the company earned $9.06 earnings per share. sell-side analysts anticipate that Alphabet Inc. will post 32.34 EPS for the current fiscal year.

Several research analysts have recently commented on GOOGL shares. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Citigroup Inc. raised their target price on shares of Alphabet from $1,135.00 to $1,180.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. Credit Suisse Group reaffirmed an “outperform” rating and set a $1,100.00 target price (down from $1,150.00) on shares of Alphabet in a report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $1,200.00 target price on shares of Alphabet in a report on Tuesday, July 25th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $1,100.00 target price (up from $1,035.00) on shares of Alphabet in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company. Alphabet currently has an average rating of “Buy” and a consensus target price of $1,088.53.

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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