Capital Investment Advisors LLC Increased Alphabet INC Cl A (NASDAQ:GOOGL) by $4.55 Million as Shares Rose


Capital Investment Advisors Llc increased its stake in Alphabet Inc Cl A (NASDAQ:GOOGL) by 92.32% based on its latest 2016Q2 regulatory filing with the SEC. Capital Investment Advisors Llc bought 5,973 shares as the company’s stock rose 0.46% with the market. The institutional investor held 12,443 shares of the programming company at the end of 2016Q2, valued at $9.49 million, up from 6,470 at the end of the previous reported quarter. Capital Investment Advisors Llc who had been investing in Alphabet Inc Cl A for a number of months, seems to be bullish on the $536.90B market cap company. The stock is down 1.64% or $13.08 hitting $785.74, despite the positive news. About 836,025 shares traded hands. Alphabet Inc (NASDAQ:GOOGL) has risen 13.44% since February 8, 2016 and is uptrending. It has underperformed by 3.05% the S&P500.

Out of 35 analysts covering Google A (NASDAQ:GOOGL), 33 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 94% are positive. $1050 is the highest target while $670 is the lowest. The $885.67 average target is 12.72% above today’s ($785.74) stock price. Google A has been the topic of 65 analyst reports since September 21, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock on July 29 with “Buy” rating. Stifel Nicolaus maintained the shares of GOOGL in a report on July 29 with “Buy” rating. Lastly, UBS maintained the stock with “Buy” rating in a July 29 report.

Alphabet Inc. is a holding company. The Firm holds interests in Google Inc. . The company has a market cap of $536.90 billion. The Company’s divisions include Google and Other Bets. It has a 29.87 P/E ratio. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

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