Delta Lloyd Asset Management N.V. Takes $25.32 Million Position in Alphabet Inc (GOOGL)

Delta Lloyd Asset Management N.V. bought a new position in Alphabet Inc (NASDAQ:GOOGL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 27,233 shares of the information services provider’s stock, valued at approximately $25,318,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in Alphabet in the second quarter valued at $102,000. Franklin Parlapiano Turner & Welch LLC bought a new stake in Alphabet in the first quarter valued at $108,000. Parkside Financial Bank & Trust boosted its holdings in Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after acquiring an additional 36 shares in the last quarter. Farmers National Bank boosted its holdings in Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after acquiring an additional 4 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. boosted its holdings in Alphabet by 58.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after acquiring an additional 56 shares in the last quarter. 33.62% of the stock is currently owned by institutional investors.

Several analysts recently weighed in on the stock. UBS reiterated an “overweight” rating on shares of Alphabet in a report on Thursday, August 24th. Stifel Nicolaus lifted their price target on shares of Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a report on Monday, October 30th. Bank of America reiterated a “buy” rating and issued a $1,100.00 price target on shares of Alphabet in a report on Tuesday, September 26th. Robert W. Baird reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a report on Saturday, August 26th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $1,150.00 price target on shares of Alphabet in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $1,089.17.

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at $1,019.60 on Wednesday. Alphabet Inc has a 52-week low of $773.32 and a 52-week high of $1,080.00. The company has a market cap of $705,450.00, a PE ratio of 34.32, a PEG ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77.

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

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About Alphabet

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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