(NASDAQ:GOOGL) by 7.3% in the 2nd quarter, according to its most recent disclosure with the SEC. Hedge funds and other institutional investors own 34.50% of the company's stock.
Xbox Australia announces free boutique sleepover experience hotel Xbox Stay n' Play
Due to the expected demand for reservations, a lobby with walk-in gaming will be available from 8am to 8pm each day. Overnight accommodation is available on a first come, first serve basis, with check-in at 8pm and check-out by 8am.
The earnings topped market expectations, and Alphabet shares quickly rose almost 3.5 per cent to US$1,026 in after-market trades on the Nasdaq exchange. Abner Herrman & Brock LLC now owns 568 shares of the information services provider's stock valued at $482,000 after purchasing an additional 24 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Alphabet by 2.1% in the second quarter. Naples Global Advisors LLC now owns 703 shares of the information services provider's stock valued at $596,000 after acquiring an additional 11 shares in the last quarter. Finally, Boston Partners lifted its holdings in Alphabet by 9.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 874,328 shares of the company's stock worth $615,116,000 after buying an additional 326,759 shares during the period. Just $302 million (around 1% of Alphabet's revenue) came from sales from every other Alphabet company, lumped into the "Other Bets" bucket of its earnings. Pivotal Research restated a "hold" rating and issued a $970.00 target price on shares of Alphabet in a research note on Friday, October 13th.
Oil little changed as Saudi comments offset U.S. output, exports
US oil prices extended declines on Thursday after government data showed a surprise climb in USA crude inventories. As of 1720 BST, West Texas Intermediate crude oil futures were off by 1.0% to $51.95 a barrel on the ICE.
Google's parent company Alphabet on Thursday (Oct 26) reported that its profit in the recently-ended quarter climbed 32.4 per cent to US$6.7 billion with revenue up from online ads as well as "other bets". Finally, Mizuho reiterated a "buy" rating on shares of Alphabet in a research report on Tuesday, October 17th. The stock now has a consensus rating of "Buy" and a consensus target price of $1,061.20. In terms of recent volatility, the average for the month is 1.26% and 1.26% for the past week.
Not at home? Amazon wants to come in and drop off packages
Denver is expected to be among the cities where Amazon starts letting customers give package carriers access to their homes. Don't worry, though - you probably won't have to wait too long until Amazon is delivering your packages by drone.
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