Legg Mason Asset Management Japan Co. Ltd. cut its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,500 shares of the information services provider’s stock after selling 100 shares during the quarter. Alphabet accounts for 1.1% of Legg Mason Asset Management Japan Co. Ltd.’s portfolio, making the stock its 17th largest holding. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Alphabet were worth $1,395,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dowling & Yahnke LLC lifted its holdings in shares of Alphabet by 1.9% in the first quarter. Dowling & Yahnke LLC now owns 8,201 shares of the information services provider’s stock valued at $6,953,000 after purchasing an additional 151 shares in the last quarter. Lourd Capital LLC lifted its holdings in shares of Alphabet by 4.3% in the first quarter. Lourd Capital LLC now owns 1,011 shares of the information services provider’s stock valued at $857,000 after purchasing an additional 42 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Alphabet by 0.4% in the first quarter. Cullen Frost Bankers Inc. now owns 36,177 shares of the information services provider’s stock valued at $30,670,000 after purchasing an additional 150 shares in the last quarter. Bourgeon Capital Management LLC lifted its holdings in shares of Alphabet by 1.0% in the first quarter. Bourgeon Capital Management LLC now owns 6,728 shares of the information services provider’s stock valued at $5,704,000 after purchasing an additional 65 shares in the last quarter. Finally, Beaumont Financial Partners LLC lifted its holdings in shares of Alphabet by 11.0% in the first quarter. Beaumont Financial Partners LLC now owns 12,758 shares of the information services provider’s stock valued at $10,816,000 after purchasing an additional 1,260 shares in the last quarter. 33.62% of the stock is owned by institutional investors and hedge funds.

GOOGL has been the subject of a number of research analyst reports. Goldman Sachs Group increased their target price on Alphabet from $1,125.00 to $1,175.00 in a report on Friday, October 27th. SunTrust Banks started coverage on Alphabet in a report on Tuesday, August 15th. They set a “buy” rating and a $1,100.00 price objective for the company. Cantor Fitzgerald reiterated a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a report on Thursday, September 21st. Citigroup reiterated a “buy” rating and set a $1,180.00 price objective on shares of Alphabet in a report on Wednesday, September 20th. Finally, Monness Crespi & Hardt reiterated a “buy” rating on shares of Alphabet in a report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, forty have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $1,089.17.

Alphabet Inc (NASDAQ GOOGL) opened at $1,049.38 on Friday. Alphabet Inc has a 1-year low of $789.62 and a 1-year high of $1,080.00. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $717,534.88, a PE ratio of 34.57, a price-to-earnings-growth ratio of 1.73 and a beta of 0.89.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion for 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 period last year, the business posted $9.06 earnings per share. equities research analysts anticipate that Alphabet Inc will post 32.34 EPS for the current year.

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Alphabet Profile

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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