Klingenstein Fields & Co. LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,175 shares of the information services provider’s stock after buying an additional 142 shares during the period. Klingenstein Fields & Co. LLC’s holdings in Alphabet were worth $27,278,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GOOGL. Norges Bank acquired a new position in Alphabet during the fourth quarter worth about $2,411,505,000. Fisher Asset Management LLC increased its position in Alphabet by 2.6% in the first quarter. Fisher Asset Management LLC now owns 1,071,363 shares of the information services provider’s stock worth $908,302,000 after buying an additional 27,598 shares during the last quarter. Teachers Advisors LLC increased its position in Alphabet by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 531,295 shares of the information services provider’s stock worth $421,025,000 after buying an additional 12,490 shares during the last quarter. Russell Investments Group Ltd. increased its position in Alphabet by 15.2% in the first quarter. Russell Investments Group Ltd. now owns 499,770 shares of the information services provider’s stock worth $423,745,000 after buying an additional 65,835 shares during the last quarter. Finally, DnB Asset Management AS increased its position in Alphabet by 17.2% in the first quarter. DnB Asset Management AS now owns 403,110 shares of the information services provider’s stock worth $341,757,000 after buying an additional 59,100 shares during the last quarter. Institutional investors own 33.87% of the company’s stock.

Alphabet Inc. (NASDAQ:GOOGL) traded up 0.15% during midday trading on Monday, hitting $931.88. The stock had a trading volume of 203,907 shares. The company has a 50-day moving average price of $952.77 and a 200-day moving average price of $916.26. Alphabet Inc. has a 52 week low of $743.59 and a 52 week high of $1,008.61. The stock has a market cap of $645.68 billion, a P/E ratio of 33.77 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing analysts’ consensus estimates of $8.25 by $3.24. The business had revenue of $20.92 billion for the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same period in the prior year, the company posted $8.42 EPS. Equities analysts expect that Alphabet Inc. will post $30.60 EPS for the current year.

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A number of research analysts have issued reports on GOOGL shares. Zacks Investment Research downgraded shares of Alphabet from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Credit Suisse Group reiterated an “outperform” rating on shares of Alphabet in a research report on Friday, June 30th. SunTrust Banks, Inc. started coverage on shares of Alphabet in a research report on Tuesday, August 15th. They issued a “buy” rating and a $1,100.00 price target on the stock. Piper Jaffray Companies reiterated an “overweight” rating and issued a $1,050.00 price target on shares of Alphabet in a research report on Wednesday, August 9th. Finally, MKM Partners reiterated a “buy” rating and issued a $1,170.00 price target on shares of Alphabet in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $1,053.45.

About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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