Koshinski Asset Management Inc. lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 72.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 991 shares of the information services provider’s stock after purchasing an additional 415 shares during the period. Koshinski Asset Management Inc.’s holdings in Alphabet were worth $921,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Alta Capital Management LLC grew its holdings in Alphabet by 1.3% in the 1st quarter. Alta Capital Management LLC now owns 79,008 shares of the information services provider’s stock worth $66,982,000 after acquiring an additional 1,001 shares during the last quarter. Patriot Wealth Management Inc. grew its holdings in Alphabet by 2.6% in the 1st quarter. Patriot Wealth Management Inc. now owns 5,599 shares of the information services provider’s stock worth $4,747,000 after acquiring an additional 141 shares during the last quarter. Girard Partners LTD. grew its holdings in Alphabet by 10.7% in the 1st quarter. Girard Partners LTD. now owns 4,528 shares of the information services provider’s stock worth $3,839,000 after acquiring an additional 439 shares during the last quarter. Courier Capital LLC grew its holdings in Alphabet by 7.9% in the 1st quarter. Courier Capital LLC now owns 617 shares of the information services provider’s stock worth $523,000 after acquiring an additional 45 shares during the last quarter. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC grew its holdings in Alphabet by 11.0% in the 1st quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 1,736 shares of the information services provider’s stock worth $1,471,000 after acquiring an additional 172 shares during the last quarter. 33.85% of the stock is currently owned by institutional investors.

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A number of equities research analysts have issued reports on GOOGL shares. Jefferies Group LLC reissued a “buy” rating and issued a $1,200.00 price target (up previously from $950.00) on shares of Alphabet in a report on Sunday, May 28th. Royal Bank Of Canada reissued an “outperform” rating and issued a $1,050.00 price target on shares of Alphabet in a report on Thursday, June 1st. Instinet reissued a “buy” rating on shares of Alphabet in a report on Friday, June 2nd. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,052.36 price target on the stock in a report on Monday, June 5th. Finally, Moffett Nathanson reissued a “buy” rating on shares of Alphabet in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-one have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $1,054.01.

Alphabet Inc. (GOOGL) traded down 0.45% during trading on Friday, hitting $943.26. 1,074,806 shares of the company’s stock were exchanged. The firm has a market cap of $653.57 billion, a price-to-earnings ratio of 34.18 and a beta of 0.98. Alphabet Inc. has a 12-month low of $743.59 and a 12-month high of $1,008.61. The company’s 50-day moving average price is $939.49 and its 200 day moving average price is $928.76. Alphabet also was the target of unusually large options trading activity on Wednesday. Stock investors bought 20,437 call options on the company. This is an increase of approximately 108% compared to the typical daily volume of 9,814 call options.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing analysts’ consensus estimates of $8.25 by ($3.24). The firm had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same period in the previous year, the business earned $8.42 EPS. Equities analysts forecast that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

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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