Lagoda Investment Management L.P. trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,335 shares of the information services provider’s stock after selling 672 shares during the quarter. Alphabet makes up about 3.4% of Lagoda Investment Management L.P.’s portfolio, making the stock its 13th largest holding. Lagoda Investment Management L.P.’s holdings in Alphabet were worth $8,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in GOOGL. Rathbone Brothers plc increased its position in Alphabet by 18.6% in the 1st quarter. Rathbone Brothers plc now owns 35,495 shares of the information services provider’s stock valued at $30,093,000 after acquiring an additional 5,556 shares during the period. Watch Point Trust Co increased its position in Alphabet by 1.3% in the 1st quarter. Watch Point Trust Co now owns 1,194 shares of the information services provider’s stock valued at $1,013,000 after acquiring an additional 15 shares during the period. CENTRAL TRUST Co increased its position in Alphabet by 4.8% in the 1st quarter. CENTRAL TRUST Co now owns 7,819 shares of the information services provider’s stock valued at $6,629,000 after acquiring an additional 358 shares during the period. Leith Wheeler Investment Counsel Ltd. acquired a new position in Alphabet in the 1st quarter valued at approximately $325,000. Finally, Fulton Bank N.A. increased its position in Alphabet by 4.7% in the 1st quarter. Fulton Bank N.A. now owns 4,772 shares of the information services provider’s stock valued at $4,045,000 after acquiring an additional 213 shares during the period. Institutional investors and hedge funds own 33.88% of the company’s stock.

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A number of equities research analysts have recently commented on the stock. UBS AG reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a research note on Thursday. Credit Suisse Group reaffirmed an “outperform” rating on shares of Alphabet in a research note on Thursday, August 31st. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Alphabet in a research note on Saturday, August 26th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $1,100.00 price objective on shares of Alphabet in a research note on Saturday, August 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average target price of $1,053.45.

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded down 0.89% on Friday, reaching $941.41. 999,916 shares of the company’s stock were exchanged. The stock has a market cap of $652.28 billion, a price-to-earnings ratio of 34.12 and a beta of 0.98. The company’s 50 day moving average is $945.22 and its 200-day moving average is $923.12. Alphabet Inc. has a one year low of $743.59 and a one year high of $1,008.61.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing analysts’ consensus estimates of $8.25 by $3.24. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business had revenue of $20.92 billion during the quarter, compared to analysts’ expectations of $20.83 billion. During the same quarter in the previous year, the business earned $8.42 EPS. On average, analysts anticipate that Alphabet Inc. will post $30.59 EPS for the current year.

Alphabet Company Profile

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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