GUARDCAP ASSET MANAGEMENT Ltd Buys New Stake in Alphabet Inc Class A (GOOGL)

GUARDCAP ASSET MANAGEMENT Ltd bought a new position in Alphabet Inc Class A (NASDAQ:GOOGL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,327 shares of the information services provider’s stock, valued at approximately $25,626,000. Alphabet Inc Class A accounts for 10.7% of GUARDCAP ASSET MANAGEMENT Ltd’s holdings, making the stock its largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bingham Osborn & Scarborough LLC boosted its holdings in Alphabet Inc Class A by 4.1% in the fourth quarter. Bingham Osborn & Scarborough LLC now owns 1,098 shares of the information services provider’s stock valued at $1,157,000 after purchasing an additional 43 shares during the last quarter. Valicenti Advisory Services Inc. boosted its holdings in Alphabet Inc Class A by 0.9% in the fourth quarter. Valicenti Advisory Services Inc. now owns 4,872 shares of the information services provider’s stock valued at $5,132,000 after purchasing an additional 45 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its holdings in Alphabet Inc Class A by 1.4% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 3,310 shares of the information services provider’s stock valued at $3,487,000 after purchasing an additional 45 shares during the last quarter. Meridian Wealth Management LLC boosted its holdings in Alphabet Inc Class A by 4.7% in the fourth quarter. Meridian Wealth Management LLC now owns 1,046 shares of the information services provider’s stock valued at $1,039,000 after purchasing an additional 47 shares during the last quarter. Finally, BLB&B Advisors LLC boosted its holdings in Alphabet Inc Class A by 1.9% in the fourth quarter. BLB&B Advisors LLC now owns 2,553 shares of the information services provider’s stock valued at $2,689,000 after purchasing an additional 48 shares during the last quarter. 33.36% of the stock is owned by institutional investors.

Get Alphabet Inc Class A alerts:

GOOGL opened at $1,159.27 on Friday. Alphabet Inc Class A has a 12 month low of $915.31 and a 12 month high of $1,198.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.85 and a current ratio of 4.87. The company has a market capitalization of $806.21 billion, a P/E ratio of 36.17, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

Alphabet Inc Class A (NASDAQ:GOOGL) last posted its earnings results on Monday, April 23rd. The information services provider reported $9.93 EPS for the quarter, beating the consensus estimate of $9.21 by $0.72. Alphabet Inc Class A had a return on equity of 15.58% and a net margin of 14.19%. The firm had revenue of $24.86 billion for the quarter, compared to analysts’ expectations of $24.20 billion. During the same period last year, the firm earned $7.73 EPS. research analysts expect that Alphabet Inc Class A will post 40.7 earnings per share for the current fiscal year.

A number of research analysts recently commented on the company. TheStreet raised Alphabet Inc Class A from a “c+” rating to an “a-” rating in a report on Monday, April 23rd. Aegis upped their price objective on Alphabet Inc Class A from $1,350.00 to $1,360.00 and gave the company a “buy” rating in a research note on Thursday, May 17th. Vetr upgraded Alphabet Inc Class A from a “buy” rating to a “strong-buy” rating and set a $1,136.00 price objective on the stock in a research note on Tuesday, April 3rd. Stifel Nicolaus restated a “hold” rating and set a $1,150.00 price objective on shares of Alphabet Inc Class A in a research note on Monday, April 23rd. Finally, MKM Partners restated a “buy” rating and set a $1,355.00 price objective (up previously from $1,210.00) on shares of Alphabet Inc Class A in a research note on Wednesday, February 21st. Five research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,201.44.

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc Class A (NASDAQ:GOOGL).

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

Leave a Reply

Your email address will not be published.