Inspirion Wealth Advisors LLC Purchases New Stake in Alphabet Inc Class A (GOOGL)

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Inspirion Wealth Advisors LLC acquired a new stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 189 shares of the information services provider’s stock, valued at approximately $213,000.

Other hedge funds have also recently bought and sold shares of the company. New England Research & Management Inc. increased its holdings in shares of Alphabet Inc Class A by 87.3% during the second quarter. New England Research & Management Inc. now owns 751 shares of the information services provider’s stock valued at $848,000 after acquiring an additional 350 shares in the last quarter. K2 Principal Fund L.P. increased its holdings in Alphabet Inc Class A by 89.2% in the 4th quarter. K2 Principal Fund L.P. now owns 60,753 shares of the information services provider’s stock worth $63,997,000 after buying an additional 28,647 shares during the period. Swarthmore Group Inc. increased its holdings in Alphabet Inc Class A by 6.3% in the 2nd quarter. Swarthmore Group Inc. now owns 8,050 shares of the information services provider’s stock worth $9,090,000 after buying an additional 475 shares during the period. Windward Capital Management Co. CA increased its holdings in Alphabet Inc Class A by 0.4% in the 2nd quarter. Windward Capital Management Co. CA now owns 19,540 shares of the information services provider’s stock worth $22,065,000 after buying an additional 71 shares during the period. Finally, AustralianSuper Pty Ltd grew its stake in shares of Alphabet Inc Class A by 7.6% during the 1st quarter. AustralianSuper Pty Ltd now owns 126,900 shares of the information services provider’s stock worth $131,613,000 after purchasing an additional 8,962 shares during the period. Institutional investors and hedge funds own 33.53% of the company’s stock.

Shares of NASDAQ:GOOGL traded up $29.80 during trading on Friday, reaching $1,120.54. The company had a trading volume of 2,465,102 shares, compared to its average volume of 2,002,711. Alphabet Inc Class A has a fifty-two week low of $977.08 and a fifty-two week high of $1,291.44. The firm has a market cap of $840.06 billion, a P/E ratio of 34.96, 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 quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $9.51 by $2.24. The firm had revenue of $26.24 billion for the quarter, compared to analyst estimates of $25.64 billion. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. During the same quarter in the prior year, the company posted $5.01 earnings per share. Research analysts forecast that Alphabet Inc Class A will post 42.53 EPS for the current fiscal year.

A number of research analysts have recently issued reports on the company. Credit Suisse Group reiterated an “outperform” rating and set a $1,375.00 target price (up previously from $1,330.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. SunTrust Banks lifted their price target on Alphabet Inc Class A to $1,370.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. Royal Bank of Canada lifted their price target on Alphabet Inc Class A to $1,400.00 and gave the stock an “outperform” rating in a report on Tuesday, July 24th. Argus lifted their price target on Alphabet Inc Class A to $1,450.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Finally, Macquarie reaffirmed a “buy” rating and issued a $1,250.00 target price on shares of Alphabet Inc Class A in a research report on Monday, August 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirty-one have issued a buy rating to the company’s stock. Alphabet Inc Class A presently has a consensus rating of “Buy” and an average price target of $1,315.01.

About Alphabet Inc Class A

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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