Aries Wealth Management lifted its stake in Alphabet Inc (NASDAQ:GOOGL) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,190 shares of the information services provider’s stock after buying an additional 16 shares during the period. Alphabet comprises 1.0% of Aries Wealth Management’s portfolio, making the stock its 28th biggest holding. Aries Wealth Management’s holdings in Alphabet were worth $1,744,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. bought a new position in Alphabet in the first quarter worth $79,769,000. Nordea Investment Management AB lifted its holdings in shares of Alphabet by 115.4% during the 2nd quarter. Nordea Investment Management AB now owns 1,164,092 shares of the information services provider’s stock worth $1,620,126,000 after acquiring an additional 623,604 shares during the period. BlackRock Inc. boosted its position in shares of Alphabet by 2.2% during the 2nd quarter. BlackRock Inc. now owns 20,565,856 shares of the information services provider’s stock valued at $29,163,413,000 after acquiring an additional 445,690 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Alphabet by 14.3% in the second quarter. Bank of New York Mellon Corp now owns 3,509,469 shares of the information services provider’s stock valued at $4,976,599,000 after acquiring an additional 439,638 shares during the period. Finally, Softbank Group Corp bought a new stake in Alphabet in the second quarter valued at about $475,176,000. 33.78% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:GOOGL opened at $1,567.70 on Friday. The company has a current ratio of 3.41, a quick ratio of 3.40 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 1-year low of $1,008.87 and a 1-year high of $1,726.10. The firm has a market capitalization of $1,066.29 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 2.14 and a beta of 1.10. The business’s 50-day moving average price is $1,519.73 and its two-hundred day moving average price is $1,433.08.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, July 30th. The information services provider reported $10.13 EPS for the quarter, beating analysts’ consensus estimates of $8.43 by $1.70. Alphabet had a return on equity of 15.62% and a net margin of 18.99%. The company had revenue of $31.60 billion during the quarter, compared to analysts’ expectations of $30.58 billion. Sell-side analysts predict that Alphabet Inc will post 44.87 earnings per share for the current year.

A number of equities research analysts have weighed in on GOOGL shares. Needham & Company LLC reaffirmed a “buy” rating and set a $1,800.00 price objective on shares of Alphabet in a report on Friday, July 31st. Mizuho upped their price target on Alphabet from $1,650.00 to $1,750.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Zacks Investment Research lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,643.00 price objective for the company. in a research note on Tuesday, October 13th. Morgan Stanley boosted their target price on shares of Alphabet from $1,760.00 to $1,800.00 and gave the company an “overweight” rating in a research note on Thursday, September 24th. Finally, BofA Securities increased their target price on shares of Alphabet from $1,610.00 to $1,730.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Four analysts have rated the stock with a hold rating and forty-two have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $1,679.91.

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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