Securian Asset Management Inc raised its stake in Alphabet Inc (NASDAQ:GOOGL) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,809 shares of the information services provider’s stock after purchasing an additional 59 shares during the period. Alphabet accounts for approximately 0.9% of Securian Asset Management Inc’s investment portfolio, making the stock its 18th largest holding. Securian Asset Management Inc’s holdings in Alphabet were worth $34,789,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Chemical Bank boosted its holdings in Alphabet by 0.7% in the second quarter. Chemical Bank now owns 8,115 shares of the information services provider’s stock worth $9,163,000 after acquiring an additional 55 shares in the last quarter. Swiss National Bank boosted its holdings in Alphabet by 2.6% in the second quarter. Swiss National Bank now owns 1,003,689 shares of the information services provider’s stock worth $1,133,356,000 after acquiring an additional 25,700 shares in the last quarter. Keybank National Association OH boosted its holdings in Alphabet by 8.0% in the second quarter. Keybank National Association OH now owns 145,560 shares of the information services provider’s stock worth $164,358,000 after acquiring an additional 10,741 shares in the last quarter. Price Wealth Management Inc. boosted its holdings in Alphabet by 74.8% in the second quarter. Price Wealth Management Inc. now owns 180 shares of the information services provider’s stock worth $203,000 after acquiring an additional 77 shares in the last quarter. Finally, Accuvest Global Advisors acquired a new stake in Alphabet in the second quarter worth about $443,000. Institutional investors own 33.40% of the company’s stock.

A number of equities research analysts recently commented on GOOGL shares. BMO Capital Markets lifted their target price on Alphabet from $1,100.00 to $1,150.00 and gave the stock a “neutral” rating in a report on Tuesday, July 24th. Monness Crespi & Hardt lifted their target price on Alphabet from $1,306.00 to $1,415.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. KeyCorp reaffirmed an “overweight” rating and set a $1,430.00 target price (up previously from $1,230.00) on shares of Alphabet in a report on Tuesday, July 24th. Mizuho reaffirmed a “positive” rating and set a $1,460.00 target price on shares of Alphabet in a report on Tuesday, July 24th. Finally, Aegis lifted their target price on Alphabet from $1,360.00 to $1,425.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $1,333.29.

Alphabet stock opened at $1,068.27 on Monday. The company has a market capitalization of $743.38 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 1.31 and a beta of 1.06. Alphabet Inc has a 12 month low of $984.00 and a 12 month high of $1,291.44. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, beating the Zacks’ consensus estimate of $10.54 by $2.52. The business had revenue of $27.16 billion during the quarter, compared to analysts’ expectations of $27.32 billion. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. As a group, equities analysts predict that Alphabet Inc will post 45.24 EPS for the current fiscal year.

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Alphabet Company 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 (NASDAQ:GOOGL)

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