First Quadrant L P CA boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 23.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,136 shares of the information services provider’s stock after buying an additional 10,267 shares during the period. Alphabet makes up about 1.0% of First Quadrant L P CA’s holdings, making the stock its 10th largest position. First Quadrant L P CA’s holdings in Alphabet were worth $50,329,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Aperio Group LLC raised its stake in Alphabet by 9.7% in the second quarter. Aperio Group LLC now owns 219,112 shares of the information services provider’s stock worth $203,704,000 after buying an additional 19,360 shares in the last quarter. White Pine Investment CO raised its stake in Alphabet by 1.3% in the second quarter. White Pine Investment CO now owns 7,691 shares of the information services provider’s stock worth $7,150,000 after buying an additional 101 shares in the last quarter. West Coast Financial LLC raised its stake in Alphabet by 3.9% in the second quarter. West Coast Financial LLC now owns 5,695 shares of the information services provider’s stock worth $5,295,000 after buying an additional 215 shares in the last quarter. Glenview State Bank Trust DEPT. raised its stake in Alphabet by 1.1% in the second quarter. Glenview State Bank Trust DEPT. now owns 4,569 shares of the information services provider’s stock worth $4,247,000 after buying an additional 50 shares in the last quarter. Finally, Main Street Research LLC raised its stake in Alphabet by 7.3% in the second quarter. Main Street Research LLC now owns 13,571 shares of the information services provider’s stock worth $12,617,000 after buying an additional 927 shares in the last quarter. 34.31% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Inc. (NASDAQ GOOGL) traded up 0.04% during midday trading on Monday, reaching $946.21. The company’s stock had a trading volume of 400,953 shares. Alphabet Inc. has a 12 month low of $743.59 and a 12 month high of $1,008.61. The firm has a market capitalization of $655.61 billion, a price-to-earnings ratio of 34.29 and a beta of 0.99. The stock’s 50-day moving average price is $963.05 and its 200-day moving average price is $904.34.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by $3.24. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The firm had revenue of $20.92 billion for the quarter, compared to analysts’ expectations of $20.83 billion. During the same quarter in the prior year, the business posted $8.42 earnings per share. Analysts predict that Alphabet Inc. will post $30.59 EPS for the current year.

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A number of equities research analysts have issued reports on GOOGL shares. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $902.63 price target on the stock in a research report on Monday, April 10th. Zacks Investment Research lowered Alphabet from a “buy” rating to a “hold” rating in a research report on Monday, April 17th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $1,000.00 price target on shares of Alphabet in a research report on Tuesday, April 18th. Pacific Crest reaffirmed an “overweight” rating and issued a $1,040.00 price target on shares of Alphabet in a research report on Sunday, April 23rd. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $1,050.00 price target on shares of Alphabet in a research report on Monday, April 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $1,043.51.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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