Nwam LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,710 shares of the company’s stock after buying an additional 104 shares during the period. Nwam LLC’s holdings in Alphabet were worth $1,375,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOGL. Vanguard Group Inc. raised its stake in Alphabet by 2.1% in the second quarter. Vanguard Group Inc. now owns 18,198,649 shares of the company’s stock worth $12,803,295,000 after buying an additional 375,941 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Alphabet by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,747,794 shares of the company’s stock worth $5,450,806,000 after buying an additional 129,555 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Alphabet by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 4,096,211 shares of the company’s stock worth $2,881,806,000 after buying an additional 14,001 shares in the last quarter. BlackRock Fund Advisors raised its stake in Alphabet by 2.5% in the second quarter. BlackRock Fund Advisors now owns 3,829,095 shares of the company’s stock worth $2,693,883,000 after buying an additional 93,453 shares in the last quarter. Finally, Capital World Investors raised its stake in Alphabet by 1.4% in the second quarter. Capital World Investors now owns 3,159,160 shares of the company’s stock worth $2,222,564,000 after buying an additional 43,470 shares in the last quarter. Hedge funds and other institutional investors own 34.63% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.71% during mid-day trading on Monday, reaching $785.79. The firm has a market capitalization of $541.60 billion, a price-to-earnings ratio of 28.76 and a beta of 0.92. The stock’s 50 day moving average is $799.78 and its 200-day moving average is $772.81. Alphabet Inc. has a 12-month low of $672.66 and a 12-month high of $839.00.

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A number of research firms have recently weighed in on GOOGL. B. Riley reissued a “buy” rating and set a $950.00 price target on shares of Alphabet in a research report on Wednesday, August 3rd. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $896.00 price target for the company in a research report on Wednesday, August 3rd. Goldman Sachs Group Inc. reissued a “conviction-buy” rating and set a $930.00 price target (up previously from $810.00) on shares of Alphabet in a research report on Monday, August 1st. MKM Partners set a $935.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research report on Monday, August 1st. Finally, Wedbush downgraded shares of Alphabet from a “neutral” rating to an “underperform” rating and raised their price target for the stock from $7.20 to $800.00 in a research report on Tuesday, September 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus target price of $940.44.

Alphabet Company Profile

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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