Dowling & Yahnke LLC decreased its holdings in Alphabet Inc Class A (NASDAQ:GOOGL) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,490 shares of the information services provider’s stock after selling 50 shares during the quarter. Alphabet Inc Class A makes up 0.9% of Dowling & Yahnke LLC’s investment portfolio, making the stock its 24th biggest holding. Dowling & Yahnke LLC’s holdings in Alphabet Inc Class A were worth $9,587,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GOOGL. Summit Trail Advisors LLC grew its stake in shares of Alphabet Inc Class A by 134,676.9% in the first quarter. Summit Trail Advisors LLC now owns 17,938,806 shares of the information services provider’s stock worth $17,939,000 after purchasing an additional 17,925,496 shares during the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of Alphabet Inc Class A by 115,058.0% in the second quarter. Cornerstone Wealth Management LLC now owns 1,388,805 shares of the information services provider’s stock worth $1,216,000 after purchasing an additional 1,387,599 shares during the last quarter. OppenheimerFunds Inc. grew its stake in shares of Alphabet Inc Class A by 78.1% in the first quarter. OppenheimerFunds Inc. now owns 1,313,669 shares of the information services provider’s stock worth $1,362,458,000 after purchasing an additional 575,882 shares during the last quarter. BlackRock Inc. grew its stake in shares of Alphabet Inc Class A by 1.5% in the first quarter. BlackRock Inc. now owns 18,733,196 shares of the information services provider’s stock worth $19,428,946,000 after purchasing an additional 269,848 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Alphabet Inc Class A by 20.5% in the first quarter. California Public Employees Retirement System now owns 1,271,699 shares of the information services provider’s stock worth $1,318,930,000 after purchasing an additional 216,119 shares during the last quarter. 33.53% of the stock is currently owned by institutional investors.

Shares of NASDAQ GOOGL opened at $1,120.54 on Friday. Alphabet Inc Class A has a 1-year low of $977.08 and a 1-year high of $1,291.44. The stock has a market cap of $840.06 billion, a PE ratio of 34.96, a P/E/G ratio of 1.53 and a beta of 1.11. The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, beating the consensus estimate of $9.51 by $2.24. Alphabet Inc Class A had a net margin of 13.16% and a return on equity of 18.24%. The firm had revenue of $26.24 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same quarter in the prior year, the business earned $5.01 earnings per share. Equities analysts anticipate that Alphabet Inc Class A will post 42.53 EPS for the current year.

Several brokerages recently weighed in on GOOGL. Zacks Investment Research cut shares of Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. B. Riley boosted their price objective on shares of Alphabet Inc Class A from $1,350.00 to $1,475.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Pivotal Research cut their price target on shares of Alphabet Inc Class A from $1,080.00 to $1,010.00 and set a “hold” rating on the stock in a research report on Friday. JMP Securities upped their price target on shares of Alphabet Inc Class A from $1,235.00 to $1,390.00 and gave the company an “outperform” rating in a research report on Tuesday, July 24th. Finally, Nomura initiated coverage on shares of Alphabet Inc Class A in a research report on Tuesday, July 10th. They set a “buy” rating and a $1,400.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirty-one have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $1,315.01.

Alphabet Inc Class A Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet Inc Class A (NASDAQ:GOOGL)

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