Aureus Asset Management LLC Has $24.41 Million Position in Alphabet Inc (GOOGL)

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Aureus Asset Management LLC increased its position in Alphabet Inc (NASDAQ:GOOGL) by 9.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,619 shares of the information services provider’s stock after purchasing an additional 1,790 shares during the period. Alphabet makes up approximately 3.4% of Aureus Asset Management LLC’s holdings, making the stock its 3rd biggest position. Aureus Asset Management LLC’s holdings in Alphabet were worth $24,412,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Baird Financial Group Inc. lifted its stake in Alphabet by 4.5% during the 2nd quarter. Baird Financial Group Inc. now owns 67,128 shares of the information services provider’s stock valued at $75,800,000 after acquiring an additional 2,882 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Alphabet by 1.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 52,495 shares of the information services provider’s stock valued at $59,277,000 after acquiring an additional 541 shares during the period. Maplelane Capital LLC lifted its stake in Alphabet by 84.0% during the 2nd quarter. Maplelane Capital LLC now owns 46,000 shares of the information services provider’s stock valued at $51,943,000 after acquiring an additional 21,000 shares during the period. Giverny Capital Inc. lifted its stake in Alphabet by 10.6% during the 2nd quarter. Giverny Capital Inc. now owns 6,346 shares of the information services provider’s stock valued at $7,166,000 after acquiring an additional 609 shares during the period. Finally, Partners Capital Investment Group LLP lifted its stake in Alphabet by 5,629.1% during the 2nd quarter. Partners Capital Investment Group LLP now owns 35,234 shares of the information services provider’s stock valued at $39,786,000 after acquiring an additional 34,619 shares during the period. Institutional investors own 30.54% of the company’s stock.

Alphabet stock opened at $1,046.58 on Friday. The company has a market capitalization of $739.35 billion, a P/E ratio of 32.65, a PEG ratio of 1.31 and a beta of 1.06. Alphabet Inc has a 12-month low of $984.00 and a 12-month high of $1,291.44. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $10.54 by $2.52. The company had revenue of $27.16 billion during the quarter, compared to analyst estimates of $27.32 billion. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. Analysts forecast that Alphabet Inc will post 45.02 EPS for the current year.

Several equities research analysts have recently commented on GOOGL shares. Macquarie reaffirmed a “buy” rating and set a $1,250.00 price target on shares of Alphabet in a research report on Monday, August 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $1,515.00 price target (up previously from $1,325.00) on shares of Alphabet in a research report on Wednesday, August 29th. MKM Partners upped their price target on shares of Alphabet from $1,355.00 to $1,465.00 and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,450.00 price target on shares of Alphabet in a research report on Tuesday, August 21st. Finally, Zacks Investment Research lowered shares of Alphabet from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $1,330.16.

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About Alphabet

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 (NASDAQ:GOOGL)

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