|Bid||167.9100 x 200|
|Ask||167.9300 x 100|
|Day's Range||165.8200 - 168.0000|
|52 Week Range||113.5500 - 175.4900|
|PE Ratio (TTM)||42.62|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
In a recent research note by Tobias Levkovich, analyst at Citi Research, the Google parent was the top choice of hedge fund managers for the second quarter, surpassing Facebook Inc (NASDAQ:FB). At the end of the first quarter, both tech giants were tied for No. 1, when thirteen funds held shares of both tech companies in their top ten. Levkovich polled hedge funds’ top-ten holdings and determined that sixteen hedge fund mangers said Alphabet was in their top-ten holdings, while fifteen had Facebook in their top ten positions.
Facebook (FB) is allocating more resources to its R&D (research and development) machine, which is evident from the company’s R&D budget and headcount growth.