WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 5.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 170,000 shares of the company’s stock after selling 10,000 shares during the period. Alphabet accounts for approximately 2.7% of WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s holdings, making the stock its 19th largest position. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s holdings in Alphabet were worth $119,600,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Credit Agricole S A increased its position in Alphabet by 3.7% in the first quarter. Credit Agricole S A now owns 375,148 shares of the company’s stock valued at $286,204,000 after buying an additional 13,399 shares during the last quarter. AXA increased its position in Alphabet by 12.1% in the first quarter. AXA now owns 452,331 shares of the company’s stock valued at $345,083,000 after buying an additional 48,771 shares during the last quarter. Aviva PLC increased its position in Alphabet by 2.1% in the first quarter. Aviva PLC now owns 178,763 shares of the company’s stock valued at $136,378,000 after buying an additional 3,711 shares during the last quarter. Marathon Asset Management LLP increased its position in Alphabet by 1.9% in the second quarter. Marathon Asset Management LLP now owns 52,006 shares of the company’s stock valued at $36,583,000 after buying an additional 992 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in Alphabet by 1.8% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 295,125 shares of the company’s stock valued at $207,629,000 after buying an additional 5,263 shares during the last quarter. Institutional investors own 34.12% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Alphabet Inc. (NASDAQ:GOOGL) traded down 0.30% during mid-day trading on Friday, hitting $800.71. 1,163,899 shares of the stock traded hands. Alphabet Inc. has a 12-month low of $667.24 and a 12-month high of $819.06. The company has a 50 day moving average of $799.75 and a 200-day moving average of $759.77. The stock has a market cap of $550.31 billion, a PE ratio of 31.02 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, July 28th. The company reported $8.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.04 by $0.38. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. Equities research analysts forecast that Alphabet Inc. will post $34.11 earnings per share for the current year.

GOOGL has been the topic of several recent research reports. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $950.00 price target on shares of Alphabet in a research report on Friday, September 9th. Wedbush downgraded shares of Alphabet from a “neutral” rating to an “underperform” rating and raised their price objective for the company from $7.20 to $800.00 in a research report on Tuesday, September 27th. Susquehanna restated a “positive” rating and set a $930.00 price objective on shares of Alphabet in a research report on Monday, July 18th. Jefferies Group restated a “buy” rating and set a $925.00 price objective on shares of Alphabet in a research report on Monday, July 18th. Finally, Vetr downgraded shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $803.74 price objective on the stock. in a research report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, forty-seven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $926.06.

About Alphabet

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOGL

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