Alphabet Cl A Cmn (NASDAQ:GOOGL).
Geode Capital Management, LLC increased its stake in Alphabet Cl A Cmn shares by 2.1% in its quarterly SEC filing. Its investment was valued at $3,108,504,000 an increase of $200,427,000 as of quarter end.
Geode Capital Management, LLC isn’t the only one who has changed their investment in GOOGL. Investec Asset Management Ltd augmented its investment by buying 12,752 shares an increase of 2.1%. Investec Asset Management Ltd claims 625,818 shares valued at $609,372,000. The value of the position overall is up by 6.9%. As of the end of the quarter Mitsubishi Ufj Trust & Banking Corp had disposed of a total of 9,731 shares trimming its stake by 1.5%. The value of the investment in (GOOGL) went from $611,829,000 to $631,337,000 increasing 3.2% for the reporting period.
As of quarter end Artisan Partners Limited Partnership had sold 85,399 shares trimming its position 10.1%. The value of the total investment in Alphabet Cl A Cmn decreased from $783,472,000 to $737,431,000 a change of $46,041,000 quarter to quarter.
October 30 investment analysts at Citigroup maintained a “Buy” rating on the company. Equity analyst Stifel Nicolaus raised the price target on October 30 changing the price objective from $1.00 to $1.00 with a rating of “Buy”.
October 29 investment analysts at Pivotal Research held the stock rating at “Hold” projecting a price of $990.00. On October 27 B. Riley kept the stock rating at “Buy” targeting a price of $1.00.
Goldman Sachs Group, Inc. (The) raised the price target of the stock on October 27 boosting the projection from $1.00 to $1.00 and stated a “” rating. On October 27 SunTrust Banks made no change to the company rating of “Buy” with a current price target of $1.00.
In the market the company is trading down since yesterday’s close of 6.97. Alphabet Cl A Cmn’s P/E ratio is 34.73 and the market value is 718.78B. In the latest earnings report the EPS was $30.02 with 298.26M shares currently outstanding.
Traders are feeling more bullish lately if you watch the downtick in short interest. The firm experienced a fall in short interest of -2.66% as of October 13, 2017 from the last reporting period. Short interest decreased from 2,513,735 to 2,446,809 over that period. The short-interest ratio decreased to 2.0 and the percentage of shorted shares was 0.01% on October 13.