Peregrine Capital Management LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,226 shares of the information services provider’s stock after selling 729 shares during the period. Peregrine Capital Management LLC’s holdings in Alphabet were worth $16,944,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Freestone Capital Holdings LLC boosted its position in Alphabet by 8.4% in the fourth quarter. Freestone Capital Holdings LLC now owns 1,380 shares of the information services provider’s stock valued at $1,094,000 after buying an additional 107 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in Alphabet by 3.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 955,024 shares of the information services provider’s stock valued at $756,809,000 after buying an additional 35,192 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Alphabet by 2,468.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 175,068 shares of the information services provider’s stock valued at $138,733,000 after buying an additional 168,253 shares in the last quarter. GLG Partners LP boosted its position in Alphabet by 144.4% in the fourth quarter. GLG Partners LP now owns 23,504 shares of the information services provider’s stock valued at $18,625,000 after buying an additional 13,886 shares in the last quarter. Finally, Glenview Capital Management LLC bought a new position in Alphabet during the fourth quarter valued at about $605,119,000. 34.31% of the stock is currently owned by institutional investors.

Shares of Alphabet Inc. (GOOGL) traded up 0.70% during mid-day trading on Friday, reaching $930.09. 1,616,708 shares of the company’s stock traded hands. Alphabet Inc. has a 12 month low of $743.59 and a 12 month high of $1,008.61. The stock has a market cap of $644.44 billion, a PE ratio of 33.71 and a beta of 0.99. The firm has a 50 day moving average price of $956.22 and a 200-day moving average price of $908.99.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the 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 business had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. During the same quarter last year, the firm earned $8.42 EPS. On average, analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

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Several research firms have weighed in on GOOGL. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Monday, April 17th. Jefferies Group LLC reiterated a “buy” rating and set a $1,000.00 price objective on shares of Alphabet in a research report on Tuesday, April 18th. Pacific Crest reiterated an “overweight” rating and set a $1,040.00 price objective on shares of Alphabet in a research report on Sunday, April 23rd. Cowen and Company reiterated an “outperform” rating and set a $1,050.00 price objective on shares of Alphabet in a research report on Monday, April 24th. Finally, Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $893.60 price objective on the stock. in a research report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $1,049.20.

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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