Paradigm Asset Management Co. LLC lowered its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 16.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,600 shares of the information services provider’s stock after selling 700 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Alphabet were worth $3,347,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GOOGL. State of Alaska Department of Revenue purchased a new stake in shares of Alphabet during the second quarter valued at $102,000. Franklin Parlapiano Turner & Welch LLC purchased a new stake in shares of Alphabet during the first quarter valued at $108,000. Parkside Financial Bank & Trust lifted its holdings in shares of Alphabet by 39.6% during the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after purchasing an additional 36 shares during the last quarter. Farmers National Bank lifted its holdings in shares of Alphabet by 2.7% during the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 4 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. lifted its holdings in shares of Alphabet by 58.3% during the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after purchasing an additional 56 shares during the last quarter. 33.62% of the stock is owned by institutional investors and hedge funds.

Alphabet Inc (NASDAQ:GOOGL) opened at $1,037.38 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc has a 52-week low of $753.36 and a 52-week high of $1,080.00. The firm has a market capitalization of $738,775.00, a PE ratio of 35.60, a price-to-earnings-growth ratio of 1.79 and a beta of 0.91.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the consensus estimate of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The company had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same period in the prior year, the firm posted $9.06 EPS. sell-side analysts anticipate that Alphabet Inc will post 32.34 earnings per share for the current year.

Several equities research analysts have recently commented on GOOGL shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $1,075.00 target price on shares of Alphabet in a report on Monday, September 25th. UBS reaffirmed a “buy” rating and set a $1,080.00 target price on shares of Alphabet in a report on Friday, September 8th. Jefferies Group reaffirmed a “buy” rating and set a $1,200.00 target price on shares of Alphabet in a report on Tuesday, October 10th. They noted that the move was a valuation call. Mizuho reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, October 17th. Finally, Vetr downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 target price for the company. in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus price target of $1,088.53.

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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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