Locust Wood Capital Advisers LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 40,195 shares of the company’s stock, valued at approximately $28,278,000. Alphabet accounts for 3.2% of Locust Wood Capital Advisers LLC’s portfolio, making the stock its 14th largest position.

Several other large investors also recently made changes to their positions in GOOGL. Credit Agricole S A raised its stake 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 raised its stake 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 raised its stake 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 raised its stake 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. raised its stake 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. 34.12% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Alphabet Inc. (NASDAQ:GOOGL) traded up 0.06% during trading on Friday, reaching $804.60. 1,111,934 shares of the company’s stock were exchanged. Alphabet Inc. has a 52 week low of $670.70 and a 52 week high of $819.86. The stock has a market capitalization of $552.98 billion, a PE ratio of 31.18 and a beta of 1.00. The stock has a 50-day moving average of $801.64 and a 200-day moving average of $761.61.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $8.04 by $0.38. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. On average, equities research analysts anticipate that Alphabet Inc. will post $34.11 EPS for the current year.

GOOGL has been the topic of several research reports. Morgan Stanley reissued a “buy” rating and set a $880.00 price objective on shares of Alphabet in a research note on Thursday, September 29th. Cantor Fitzgerald reissued a “buy” rating and set a $1,000.00 price objective on shares of Alphabet in a research note on Wednesday, October 5th. Jefferies Group reissued a “buy” rating and set a $1,000.00 price objective on shares of Alphabet in a research note on Monday, October 3rd. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $838.19 target price for the company in a report on Monday, August 22nd. Finally, Bank of America Corp. reaffirmed a “buy” rating and issued a $960.00 target price on shares of Alphabet in a report on Wednesday, August 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, forty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $926.50.

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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