Rampart Investment Management Company LLC trimmed its stake in Alphabet Inc (NASDAQ:GOOGL) by 6.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 7,598 shares of the information services provider’s stock after selling 544 shares during the quarter. Alphabet comprises 0.8% of Rampart Investment Management Company LLC’s holdings, making the stock its 19th biggest position. Rampart Investment Management Company LLC’s holdings in Alphabet were worth $8,580,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Emerald Investment Partners LLC purchased a new position in shares of Alphabet in the second quarter worth $137,000. Private Ocean LLC raised its stake in shares of Alphabet by 355.6% in the first quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock worth $127,000 after purchasing an additional 96 shares during the last quarter. Highlander Capital Management LLC raised its stake in shares of Alphabet by 333.3% in the first quarter. Highlander Capital Management LLC now owns 130 shares of the information services provider’s stock worth $133,000 after purchasing an additional 100 shares during the last quarter. Clearwater Capital Advisors LLC purchased a new position in shares of Alphabet in the first quarter worth $153,000. Finally, Quad Cities Investment Group LLC purchased a new position in shares of Alphabet in the second quarter worth $179,000. 30.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of GOOGL opened at $1,046.58 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10. The stock has a market capitalization of $750.21 billion, a price-to-earnings ratio of 24.26, a P/E/G ratio of 1.33 and a beta of 1.06. Alphabet Inc has a 52 week low of $984.00 and a 52 week high of $1,291.44.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts anticipate that Alphabet Inc will post 45.02 earnings per share for the current fiscal year.

GOOGL has been the subject of several recent analyst reports. Bank of America decreased their price target on Alphabet from $1,390.00 to $1,350.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Monness Crespi & Hardt decreased their price target on Alphabet from $1,415.00 to $1,315.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Wedbush set a $1,350.00 price objective on Alphabet and gave the company a “buy” rating in a research report on Friday, October 26th. Macquarie reiterated a “buy” rating and set a $1,250.00 price objective on shares of Alphabet in a research report on Monday, August 27th. Finally, MKM Partners upped their price objective on Alphabet from $1,355.00 to $1,465.00 and gave the company a “buy” rating in a research report on Wednesday, August 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirty have issued a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus price target of $1,330.16.

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About Alphabet

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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