Rikoon Group LLC Has $1,217,000 Position in Alphabet Inc (GOOGL)

Rikoon Group LLC continued to hold its stake in shares of Alphabet Inc (NASDAQ:GOOGL) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,310 shares of the information services provider’s stock at the close of the second quarter. Rikoon Group LLC’s holdings in Alphabet were worth $1,217,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Koch Industries Inc. raised its holdings in Alphabet by 181,219.4% in the second quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock valued at $1,085,000 after acquiring an additional 1,085,504 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in Alphabet by 65,026.4% in the second quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock valued at $800,000 after acquiring an additional 742,602 shares in the last quarter. Vanguard Group Inc. raised its holdings in Alphabet by 3.3% in the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after acquiring an additional 662,279 shares in the last quarter. BlackRock Inc. raised its holdings in Alphabet by 3.1% in the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after acquiring an additional 567,337 shares in the last quarter. Finally, FMR LLC raised its holdings in Alphabet by 2.1% in the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock valued at $16,406,366,000 after acquiring an additional 367,634 shares in the last quarter. Institutional investors and hedge funds own 33.62% of the company’s stock.

Several analysts recently issued reports on the stock. Evercore ISI assumed coverage on shares of Alphabet in a report on Tuesday, December 5th. They issued an “outperform” rating on the stock. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,055.90 price target on the stock in a report on Monday, December 4th. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Citigroup reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, October 30th. Finally, Stifel Nicolaus upped 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $1,089.17.

Shares of Alphabet Inc (GOOGL) opened at $1,051.39 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc has a twelve month low of $789.62 and a twelve month high of $1,080.00. The firm has a market cap of $728,686.50, a PE ratio of 35.11, a P/E/G ratio of 1.76 and a beta of 0.89.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. During the same quarter last year, the company earned $9.06 EPS. analysts expect that Alphabet Inc will post 32.34 earnings per share for the current year.

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Alphabet Company Profile

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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