Alphabet Inc (NASDAQ:GOOGL) is GAM Holding AG’s 4th Largest Position

GAM Holding AG lifted its stake in Alphabet Inc (NASDAQ:GOOGL) by 12.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,951 shares of the information services provider’s stock after purchasing an additional 2,514 shares during the quarter. Alphabet accounts for approximately 1.8% of GAM Holding AG’s holdings, making the stock its 4th biggest position. GAM Holding AG’s holdings in Alphabet were worth $26,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Capital Financial Planning LLC increased its position in shares of Alphabet by 2.2% during the 4th quarter. Capital Financial Planning LLC now owns 319 shares of the information services provider’s stock valued at $427,000 after purchasing an additional 7 shares during the last quarter. Wrapmanager Inc. increased its position in shares of Alphabet by 1.6% during the 4th quarter. Wrapmanager Inc. now owns 448 shares of the information services provider’s stock valued at $600,000 after purchasing an additional 7 shares during the last quarter. Greatmark Investment Partners Inc. increased its position in shares of Alphabet by 2.0% during the 4th quarter. Greatmark Investment Partners Inc. now owns 405 shares of the information services provider’s stock valued at $542,000 after purchasing an additional 8 shares during the last quarter. Atlantic Trust LLC increased its position in shares of Alphabet by 0.4% during the 4th quarter. Atlantic Trust LLC now owns 2,244 shares of the information services provider’s stock valued at $3,006,000 after purchasing an additional 8 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its position in shares of Alphabet by 3.5% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 236 shares of the information services provider’s stock valued at $316,000 after purchasing an additional 8 shares during the last quarter. 34.24% of the stock is owned by hedge funds and other institutional investors.

GOOGL has been the subject of several research reports. Barclays upped their price target on shares of Alphabet from $1,300.00 to $1,400.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Citigroup boosted their price objective on Alphabet from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Wells Fargo & Co reiterated a “buy” rating and set a $1,500.00 price objective on shares of Alphabet in a research note on Monday, April 27th. UBS Group cut their price objective on Alphabet from $1,675.00 to $1,530.00 and set a “buy” rating for the company in a research note on Monday, March 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $1,550.00 price objective (up from $1,400.00) on shares of Alphabet in a research note on Wednesday, April 29th. Four analysts have rated the stock with a hold rating and forty-three have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $1,505.34.

Shares of GOOGL traded down $2.46 during midday trading on Thursday, reaching $1,417.82. 1,125,043 shares of the stock were exchanged, compared to its average volume of 1,963,851. Alphabet Inc has a 52 week low of $1,008.87 and a 52 week high of $1,530.74. The company has a current ratio of 3.66, a quick ratio of 3.64 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $1,312.93 and its two-hundred day moving average is $1,333.71. The company has a market capitalization of $969.51 billion, a P/E ratio of 28.83, a PEG ratio of 2.13 and a beta of 1.06.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, April 28th. The information services provider reported $9.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.16 by ($1.29). Alphabet had a return on equity of 17.43% and a net margin of 20.71%. The firm had revenue of $33.71 billion for the quarter, compared to the consensus estimate of $32.59 billion. During the same period in the previous year, the company posted $9.50 EPS. On average, sell-side analysts expect that Alphabet Inc will post 41.47 EPS for the current year.

Alphabet Company 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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