Rand Wealth LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,234 shares of the company’s stock after selling 24 shares during the period. Rand Wealth LLC’s holdings in Alphabet were worth $1,796,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Stewart & Patten Co. LLC boosted its stake in Alphabet by 10.6% in the second quarter. Stewart & Patten Co. LLC now owns 364 shares of the company’s stock valued at $256,000 after buying an additional 35 shares during the period. Leavell Investment Management Inc. boosted its stake in Alphabet by 8.9% in the second quarter. Leavell Investment Management Inc. now owns 2,458 shares of the company’s stock valued at $1,729,000 after buying an additional 200 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its stake in Alphabet by 10.3% in the second quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 1,575 shares of the company’s stock valued at $1,108,000 after buying an additional 147 shares during the period. Carroll Financial Associates Inc. boosted its stake in Alphabet by 8.4% in the second quarter. Carroll Financial Associates Inc. now owns 583 shares of the company’s stock valued at $410,000 after buying an additional 45 shares during the period. Finally, V Wealth Management LLC boosted its stake in Alphabet by 8.7% in the second quarter. V Wealth Management LLC now owns 2,849 shares of the company’s stock valued at $2,003,000 after buying an additional 229 shares during the period. Institutional investors and hedge funds own 34.57% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Alphabet Inc. (NASDAQ:GOOGL) opened at 830.94 on Friday. The firm’s 50-day moving average is $797.67 and its 200 day moving average is $786.22. Alphabet Inc. has a one year low of $672.66 and a one year high of $839.00. The firm has a market capitalization of $572.72 billion, a price-to-earnings ratio of 30.41 and a beta of 0.89.

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GOOGL has been the subject of a number of research reports. Vetr raised shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $890.66 price target for the company in a research report on Saturday, October 29th. Morgan Stanley reissued a “buy” rating and issued a $880.00 price target on shares of Alphabet in a research report on Thursday, September 29th. Cantor Fitzgerald reissued a “buy” rating and issued a $1,000.00 price target on shares of Alphabet in a research report on Wednesday, October 5th. Jefferies Group reissued a “buy” rating and issued a $1,000.00 price target on shares of Alphabet in a research report on Monday, October 3rd. Finally, Needham & Company LLC boosted their price target on shares of Alphabet from $900.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $947.51.

About Alphabet

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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