OLD Second National Bank of Aurora lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,401 shares of the information services provider’s stock after selling 49 shares during the period. Alphabet accounts for 2.2% of OLD Second National Bank of Aurora’s portfolio, making the stock its 9th largest position. OLD Second National Bank of Aurora’s holdings in Alphabet were worth $5,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Investec Asset Management LTD grew its holdings in Alphabet by 62.7% during the 1st quarter. Investec Asset Management LTD now owns 621,109 shares of the information services provider’s stock worth $526,576,000 after acquiring an additional 239,390 shares during the period. Karp Capital Management Corp grew its holdings in Alphabet by 5,218.2% during the 1st quarter. Karp Capital Management Corp now owns 199,752 shares of the information services provider’s stock worth $169,350,000 after acquiring an additional 195,996 shares during the period. State Street Corp grew its holdings in Alphabet by 1.2% during the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock worth $10,128,119,000 after acquiring an additional 142,214 shares during the period. Boston Partners grew its holdings in Alphabet by 9.9% during the 1st quarter. Boston Partners now owns 970,802 shares of the information services provider’s stock worth $823,046,000 after acquiring an additional 87,783 shares during the period. Finally, Scopus Asset Management L.P. acquired a new stake in Alphabet during the 1st quarter worth $72,063,000. 33.88% of the stock is owned by institutional investors and hedge funds.

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Shares of Alphabet Inc. (NASDAQ:GOOGL) traded down 1.10% on Thursday, hitting $940.03. 713,494 shares of the company’s stock were exchanged. Alphabet Inc. has a 12 month low of $743.59 and a 12 month high of $1,008.61. The firm has a market cap of $651.33 billion, a P/E ratio of 34.07 and a beta of 0.98. The stock’s 50 day moving average is $942.30 and its 200 day moving average is $925.56.

Alphabet (NASDAQ:GOOGL) last posted its earnings results 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). The business had revenue of $20.92 billion during the quarter, compared to analysts’ expectations of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same quarter in the previous year, the business earned $8.42 EPS. On average, equities analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current year.

A number of analysts have commented on the stock. B. Riley reaffirmed a “buy” rating and set a $1,050.00 target price on shares of Alphabet in a report on Sunday, July 30th. MKM Partners reaffirmed a “buy” rating and set a $1,210.00 target price (up previously from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. Cowen and Company reaffirmed an “outperform” rating and set a $1,075.00 target price on shares of Alphabet in a report on Thursday, August 10th. Vetr raised shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,053.55 target price for the company in a report on Monday, July 3rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $1,200.00 target price on shares of Alphabet in a report on Tuesday, July 4th. One investment 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 stock. The company currently has an average rating of “Buy” and an average target price of $1,053.45.

About Alphabet

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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