David R. Rahn & Associates Inc. raised its position in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,810 shares of the information services provider’s stock after acquiring an additional 134 shares during the period. Alphabet Inc Class A makes up about 3.2% of David R. Rahn & Associates Inc.’s investment portfolio, making the stock its 11th largest position. David R. Rahn & Associates Inc.’s holdings in Alphabet Inc Class A were worth $3,173,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. New England Research & Management Inc. increased its holdings in Alphabet Inc Class A by 87.3% in the 2nd quarter. New England Research & Management Inc. now owns 751 shares of the information services provider’s stock worth $848,000 after buying an additional 350 shares during the period. K2 Principal Fund L.P. grew its stake in shares of Alphabet Inc Class A by 89.2% during 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 purchasing an additional 28,647 shares during the period. Swarthmore Group Inc. grew its stake in shares of Alphabet Inc Class A by 6.3% during the 2nd quarter. Swarthmore Group Inc. now owns 8,050 shares of the information services provider’s stock worth $9,090,000 after purchasing an additional 475 shares during the period. Windward Capital Management Co. CA grew its stake in shares of Alphabet Inc Class A by 0.4% during 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 purchasing 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.

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 raised their price objective on Alphabet Inc Class A to $1,370.00 and gave the company a “buy” rating in a report on Tuesday, July 24th. Royal Bank of Canada raised their price objective on Alphabet Inc Class A to $1,400.00 and gave the company 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 reiterated a “buy” rating and set a $1,250.00 price target on shares of Alphabet Inc Class A in a 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 assigned a buy rating to the company. Alphabet Inc Class A presently has a consensus rating of “Buy” and an average price target of $1,315.01.

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. 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 has a fifty-two week low of $977.08 and a fifty-two week high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last released its earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $9.51 by $2.24. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. The firm had revenue of $26.24 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the prior year, the business posted $5.01 earnings per share. Research analysts forecast that Alphabet Inc Class A will post 42.53 EPS for the current fiscal year.

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.

Further Reading: Diversification in Investing

Institutional Ownership by Quarter for Alphabet Inc Class A (NASDAQ:GOOGL)

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