Northeast Investment Management grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,972 shares of the information services provider’s stock after buying an additional 554 shares during the quarter. Alphabet makes up about 2.8% of Northeast Investment Management’s investment portfolio, making the stock its 7th largest holding. Northeast Investment Management’s holdings in Alphabet were worth $30,653,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Blair William & Co. IL lifted its holdings in shares of Alphabet by 22.5% during the 2nd quarter. Blair William & Co. IL now owns 165,566 shares of the information services provider’s stock valued at $153,923,000 after buying an additional 30,409 shares during the last quarter. KBC Group NV lifted its holdings in shares of Alphabet by 8.0% during the 2nd quarter. KBC Group NV now owns 134,403 shares of the information services provider’s stock valued at $124,952,000 after buying an additional 9,959 shares during the last quarter. Texas Yale Capital Corp. lifted its holdings in shares of Alphabet by 1.4% during the 2nd quarter. Texas Yale Capital Corp. now owns 2,731 shares of the information services provider’s stock valued at $2,539,000 after buying an additional 37 shares during the last quarter. First Personal Financial Services lifted its holdings in shares of Alphabet by 2.7% during the 2nd quarter. First Personal Financial Services now owns 3,844 shares of the information services provider’s stock valued at $3,574,000 after buying an additional 100 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. lifted its holdings in shares of Alphabet by 28.5% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 415 shares of the information services provider’s stock valued at $386,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 33.81% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOGL) opened at $1,035.89 on Friday. The company has a market capitalization of $719,737.44, a PE ratio of 34.68, a P/E/G ratio of 1.74 and a beta of 0.91. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a fifty-two week low of $753.36 and a fifty-two week high of $1,063.62.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating analysts’ consensus estimates of $8.43 by $1.14. The business had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same quarter in the prior year, the company posted $9.06 earnings per share. equities analysts expect that Alphabet Inc. will post 32.34 EPS for the current fiscal year.

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GOOGL has been the subject of several analyst reports. CIBC restated an “outperform” rating and issued a $1,180.00 target price (up from $1,050.00) on shares of Alphabet in a report on Friday, October 27th. Morgan Stanley restated an “overweight” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Saturday, July 22nd. Pivotal Research restated a “hold” rating and issued a $940.00 target price (down from $980.00) on shares of Alphabet in a report on Tuesday, July 25th. Deutsche Bank AG restated a “buy” rating and issued a $1,258.00 target price (up from $1,250.00) on shares of Alphabet in a report on Saturday, July 22nd. Finally, Citigroup Inc. boosted their target price on Alphabet from $1,135.00 to $1,180.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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