Legal & General Group Plc raised its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,441,831 shares of the information services provider’s stock after purchasing an additional 42,001 shares during the period. Alphabet accounts for approximately 1.1% of Legal & General Group Plc’s portfolio, making the stock its 10th largest holding. Legal & General Group Plc owned approximately 0.21% of Alphabet worth $1,340,528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State of Alaska Department of Revenue acquired a new position in shares of Alphabet in the second quarter valued at approximately $102,000. Franklin Parlapiano Turner & Welch LLC acquired a new position in shares of Alphabet in the first quarter valued at approximately $108,000. Parkside Financial Bank & Trust raised its position in shares of Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after buying an additional 36 shares during the last quarter. Farmers National Bank raised its position in shares of Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after buying an additional 4 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its position in shares of Alphabet by 58.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after buying an additional 56 shares during the last quarter. 33.81% of the stock is currently owned by institutional investors.

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Alphabet Inc. (NASDAQ:GOOGL) opened at $1,041.20 on Tuesday. The company has a market cap of $725,476.50, a PE ratio of 34.96, a price-to-earnings-growth ratio of 1.76 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc. has a 52 week low of $743.59 and a 52 week high of $1,063.62.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The firm had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same quarter last year, the company earned $9.06 EPS. equities research analysts forecast that Alphabet Inc. will post 32.15 earnings per share for the current year.

GOOGL has been the subject of a number of analyst reports. Goldman Sachs Group, Inc. (The) boosted their price objective on shares of Alphabet from $1,125.00 to $1,175.00 in a research report on Friday, October 27th. Jefferies Group LLC reissued a “buy” rating and issued a $1,200.00 price objective on shares of Alphabet in a research report on Tuesday, July 25th. Citigroup Inc. boosted their price objective on shares of Alphabet from $1,135.00 to $1,180.00 and gave the company a “buy” rating in a research report on Tuesday, July 25th. They noted that the move was a valuation call. Deutsche Bank AG reissued a “buy” rating and issued a $1,258.00 price objective (up previously from $1,250.00) on shares of Alphabet in a research report on Saturday, July 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $1,050.00 price target on shares of Alphabet in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and an average price target of $1,088.53.

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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