Academy Capital Management Inc. TX lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.4% during the third quarter, Holdings Channel reports. The firm owned 5,520 shares of the company’s stock after selling 22 shares during the period. Alphabet accounts for 1.2% of Academy Capital Management Inc. TX’s portfolio, making the stock its 28th largest position. Academy Capital Management Inc. TX’s holdings in Alphabet were worth $4,438,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GOOGL. Invictus RG raised its stake in shares of Alphabet by 1,788.9% in the first quarter. Invictus RG now owns 680 shares of the company’s stock worth $519,000 after buying an additional 644 shares in the last quarter. National Pension Service raised its stake in shares of Alphabet by 4.2% in the first quarter. National Pension Service now owns 138,768 shares of the company’s stock worth $105,866,000 after buying an additional 5,633 shares in the last quarter. Princeton Portfolio Strategies Group LLC raised its stake in shares of Alphabet by 0.8% in the first quarter. Princeton Portfolio Strategies Group LLC now owns 2,239 shares of the company’s stock worth $1,708,000 after buying an additional 18 shares in the last quarter. Wealthsource Partners LLC purchased a new stake in shares of Alphabet during the first quarter worth about $519,000. Finally, Zurich Insurance Group Ltd FI raised its stake in shares of Alphabet by 2.9% in the first quarter. Zurich Insurance Group Ltd FI now owns 47,560 shares of the company’s stock worth $36,284,000 after buying an additional 1,328 shares in the last quarter. Hedge funds and other institutional investors own 34.63% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Alphabet Inc. (NASDAQ:GOOGL) traded up 0.46% during midday trading on Tuesday, hitting $789.44. 1,560,708 shares of the stock were exchanged. The firm has a 50 day moving average of $799.78 and a 200-day moving average of $772.81. Alphabet Inc. has a 12-month low of $672.66 and a 12-month high of $839.00. The stock has a market cap of $544.11 billion, a price-to-earnings ratio of 28.89 and a beta of 0.92.

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GOOGL has been the subject of a number of analyst reports. Vetr upgraded Alphabet from a “buy” rating to a “strong-buy” rating and set a $890.66 price target for the company in a research note on Saturday, October 29th. Morgan Stanley restated a “buy” rating and issued a $880.00 price target on shares of Alphabet in a research note on Thursday, September 29th. Cantor Fitzgerald reiterated a “buy” rating and set a $1,000.00 target price on shares of Alphabet in a research note on Wednesday, October 5th. Jefferies Group reiterated a “buy” rating and set a $1,000.00 target price on shares of Alphabet in a research note on Monday, October 3rd. Finally, Bank of America Corp. reiterated a “buy” rating and set a $960.00 target price on shares of Alphabet in a research note on Wednesday, August 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $940.44.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. 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.

5 Day Chart for NASDAQ:GOOGL

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