AGF Investments America Inc. Grows Position in Alphabet Inc (NASDAQ:GOOGL)

AGF Investments America Inc. boosted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.4% during the 1st quarter, Holdings Channel reports. The firm owned 2,595 shares of the information services provider’s stock after acquiring an additional 36 shares during the quarter. AGF Investments America Inc.’s holdings in Alphabet were worth $3,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GOOGL. State Street Corp lifted its stake in Alphabet by 0.6% during the 4th quarter. State Street Corp now owns 11,643,410 shares of the information services provider’s stock valued at $15,595,067,000 after acquiring an additional 72,165 shares during the period. Norges Bank acquired a new stake in Alphabet during the 4th quarter valued at approximately $6,806,866,000. Geode Capital Management LLC lifted its stake in Alphabet by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,678,851 shares of the information services provider’s stock valued at $6,254,548,000 after acquiring an additional 110,137 shares during the period. Bank of New York Mellon Corp lifted its stake in Alphabet by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,069,831 shares of the information services provider’s stock valued at $3,566,990,000 after acquiring an additional 38,653 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Alphabet by 2.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,731,617 shares of the information services provider’s stock valued at $3,658,702,000 after acquiring an additional 57,295 shares during the period. 34.29% of the stock is currently owned by institutional investors.

Shares of GOOGL opened at $1,413.24 on Friday. The company has a current ratio of 3.66, a quick ratio of 3.64 and a debt-to-equity ratio of 0.08. Alphabet Inc has a 12-month low of $1,008.87 and a 12-month high of $1,530.74. The firm has a 50-day moving average price of $1,281.39 and a 200 day moving average price of $1,330.33. The firm has a market capitalization of $960.27 billion, a P/E ratio of 28.52, a P/E/G ratio of 2.11 and a beta of 1.06.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, April 28th. The information services provider reported $9.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $11.16 by ($1.29). Alphabet had a net margin of 20.71% and a return on equity of 17.43%. The firm had revenue of $33.71 billion during the quarter, compared to analysts’ expectations of $32.59 billion. During the same period in the prior year, the company posted $9.50 EPS. Equities research analysts predict that Alphabet Inc will post 41.47 earnings per share for the current fiscal year.

GOOGL has been the subject of several research reports. Mizuho lifted their price objective on shares of Alphabet from $1,500.00 to $1,560.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. UBS Group decreased their target price on shares of 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. Nomura boosted their target price on shares of Alphabet from $1,680.00 to $1,700.00 in a research note on Wednesday, April 29th. Tigress Financial reiterated a “buy” rating on shares of Alphabet in a research note on Monday, March 23rd. Finally, KeyCorp reiterated a “buy” rating and issued a $1,769.00 target price on shares of Alphabet in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and forty-three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $1,505.34.

Alphabet 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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