Junto Capital Management LP increased its holdings in Alphabet Inc (NASDAQ:GOOGL) by 32.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,695 shares of the information services provider’s stock after purchasing an additional 13,985 shares during the period. Alphabet makes up 4.6% of Junto Capital Management LP’s portfolio, making the stock its 7th biggest position. Junto Capital Management LP’s holdings in Alphabet were worth $52,708,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Harbour Capital Advisors LLC boosted its position in shares of Alphabet by 65,026.4% during the second quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock worth $800,000 after purchasing an additional 742,602 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Alphabet by 3.3% during the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after acquiring an additional 662,279 shares during the period. BlackRock Inc. raised its holdings in shares of Alphabet by 3.1% during the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after acquiring an additional 567,337 shares during the period. FMR LLC raised its holdings in shares of Alphabet by 2.1% during the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after acquiring an additional 367,634 shares during the period. Finally, Investec Asset Management LTD raised its holdings in shares of Alphabet by 62.7% during the first quarter. Investec Asset Management LTD now owns 621,109 shares of the information services provider’s stock worth $526,576,000 after acquiring an additional 239,390 shares during the period. 33.62% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on GOOGL. Vetr upgraded shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 price objective on the stock in a report on Monday, November 6th. Pivotal Research reiterated a “hold” rating and issued a $990.00 price target on shares of Alphabet in a research note on Sunday, October 29th. Stifel Nicolaus lifted their price target on shares of Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Citigroup reiterated a “buy” rating on shares of Alphabet in a research note on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,157.00 price target on the stock in a research note on Wednesday, November 1st. 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 issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $1,089.17.

Alphabet Inc (GOOGL) opened at $1,049.38 on Monday. The stock has a market cap of $724,800.00, a price-to-earnings ratio of 35.13, a P/E/G ratio of 1.76 and a beta of 0.90. Alphabet Inc has a 12 month low of $789.62 and a 12 month high of $1,080.00. 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 (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating analysts’ consensus estimates of $8.43 by $1.14. The firm had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same period last year, the firm earned $9.06 earnings per share. analysts predict that Alphabet Inc will post 32.34 EPS for the current year.

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Alphabet Company 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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