Ionic Capital Management LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 101.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,521 shares of the information services provider’s stock after purchasing an additional 1,270 shares during the period. Ionic Capital Management LLC’s holdings in Alphabet were worth $2,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOGL. Investec Asset Management LTD increased its position in Alphabet by 62.7% in the first quarter. Investec Asset Management LTD now owns 621,109 shares of the information services provider’s stock worth $526,576,000 after purchasing an additional 239,390 shares during the last quarter. Karp Capital Management Corp increased its position in Alphabet by 5,218.2% in the first quarter. Karp Capital Management Corp now owns 199,752 shares of the information services provider’s stock worth $169,350,000 after purchasing an additional 195,996 shares during the last quarter. State Street Corp increased its position in Alphabet by 1.2% in the first quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock worth $10,128,119,000 after purchasing an additional 142,214 shares during the last quarter. Boston Partners increased its position in Alphabet by 9.9% in the first quarter. Boston Partners now owns 970,802 shares of the information services provider’s stock worth $823,046,000 after purchasing an additional 87,783 shares during the last quarter. Finally, 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 purchasing an additional 65,835 shares during the last quarter. Institutional investors own 33.88% of the company’s stock.

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

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

A number of research analysts have weighed in on the stock. UBS AG reiterated a “buy” rating and set a $1,050.00 price objective on shares of Alphabet in a research report on Monday, May 15th. B. Riley reiterated a “buy” rating and set a $1,050.00 price objective on shares of Alphabet in a research report on Sunday, July 30th. MKM Partners reiterated a “buy” rating and set a $1,210.00 price objective (up previously from $1,170.00) on shares of Alphabet in a research report on Thursday, August 10th. Cowen and Company reiterated an “outperform” rating and set a $1,075.00 price objective on shares of Alphabet in a research report on Thursday, August 10th. Finally, Vetr upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,053.55 price objective on the stock in a research report on Monday, July 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. Alphabet presently has a consensus rating of “Buy” and a consensus price target of $1,053.45.

Alphabet 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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