AQR Capital Management LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 9.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 545,231 shares of the information services provider’s stock after purchasing an additional 45,566 shares during the period. Alphabet accounts for approximately 0.6% of AQR Capital Management LLC’s holdings, making the stock its 21st largest position. AQR Capital Management LLC owned about 0.08% of Alphabet worth $462,247,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GOOGL. Investec Asset Management LTD increased its stake in shares of Alphabet by 62.7% in the 1st 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 in the last quarter. Karp Capital Management Corp increased its stake in shares of Alphabet by 5,218.2% in the 1st 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 in the last quarter. State Street Corp boosted its holdings in Alphabet by 1.2% in the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock worth $10,128,119,000 after buying an additional 142,214 shares during the period. Boston Partners boosted its holdings in Alphabet by 9.9% in the 1st quarter. Boston Partners now owns 970,802 shares of the information services provider’s stock worth $823,046,000 after buying an additional 87,783 shares during the period. Finally, Scopus Asset Management L.P. bought a new position in Alphabet in the 1st quarter worth $72,063,000. Hedge funds and other institutional investors own 33.88% of the company’s stock.

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Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.63% during midday trading on Monday, reaching $947.33. 593,157 shares of the company’s stock traded hands. The stock has a market capitalization of $656.39 billion, a P/E ratio of 34.33 and a beta of 0.98. The firm’s 50-day moving average price is $943.79 and its 200 day moving average price is $924.17. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61.

Alphabet (NASDAQ:GOOGL) last announced its quarterly 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. The business had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same period last year, the firm earned $8.42 earnings per share. On average, equities analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

Several research analysts recently weighed in on the stock. UBS AG reaffirmed a “buy” rating on shares of Alphabet in a report on Friday. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a report on Thursday. Credit Suisse Group reaffirmed an “outperform” rating on shares of Alphabet in a report on Thursday, August 31st. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Alphabet in a report on Saturday, August 26th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $1,100.00 target price on shares of Alphabet in a report on Saturday, August 26th. One investment 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 an average 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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