Xact Kapitalforvaltning AB grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,519 shares of the information services provider’s stock after buying an additional 258 shares during the quarter. Alphabet makes up 1.4% of Xact Kapitalforvaltning AB’s portfolio, making the stock its 8th largest position. Xact Kapitalforvaltning AB’s holdings in Alphabet were worth $46,037,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GOOGL. Catawba Capital Management VA increased its stake in shares of Alphabet by 4.6% during the 2nd quarter. Catawba Capital Management VA now owns 7,099 shares of the information services provider’s stock worth $6,600,000 after purchasing an additional 313 shares during the last quarter. Pioneer Trust Bank N A OR increased its stake in shares of Alphabet by 1.7% during the 2nd quarter. Pioneer Trust Bank N A OR now owns 2,829 shares of the information services provider’s stock worth $2,630,000 after purchasing an additional 46 shares during the last quarter. Stillwater Investment Management LLC increased its stake in shares of Alphabet by 1.2% during the 2nd quarter. Stillwater Investment Management LLC now owns 2,384 shares of the information services provider’s stock worth $2,216,000 after purchasing an additional 28 shares during the last quarter. McQueen Ball & Associates Inc. increased its stake in shares of Alphabet by 2.0% during the 2nd quarter. McQueen Ball & Associates Inc. now owns 500 shares of the information services provider’s stock worth $465,000 after purchasing an additional 10 shares during the last quarter. Finally, Toth Financial Advisory Corp increased its stake in shares of Alphabet by 24.4% during the 2nd quarter. Toth Financial Advisory Corp now owns 505 shares of the information services provider’s stock worth $469,000 after purchasing an additional 99 shares during the last quarter. 33.88% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Inc. (NASDAQ:GOOGL) traded down 0.51% during midday trading on Friday, hitting $935.29. 1,994,265 shares of the stock traded hands. The stock’s 50-day moving average price is $940.56 and its 200 day moving average price is $926.45. The company has a market capitalization of $648.04 billion, a price-to-earnings ratio of 33.90 and a beta of 0.98. Alphabet Inc. has a 52 week low of $743.59 and a 52 week high of $1,008.61.

Alphabet (NASDAQ:GOOGL) last announced 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). The business had revenue of $20.92 billion during the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same quarter in the previous year, the firm posted $8.42 earnings per share. On average, equities research analysts predict that Alphabet Inc. will post $30.59 EPS for the current year.

Several research analysts have recently weighed in on GOOGL shares. Societe Generale set a $1,210.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. Morgan Stanley restated an “overweight” rating and set a $1,050.00 price objective on shares of Alphabet in a research note on Saturday, July 22nd. Pivotal Research restated a “hold” rating and set a $940.00 price objective (down from $980.00) on shares of Alphabet in a research note on Tuesday, July 25th. Deutsche Bank AG restated a “buy” rating and set a $1,258.00 price objective (up from $1,250.00) on shares of Alphabet in a research note on Saturday, July 22nd. Finally, Instinet restated a “buy” rating on shares of Alphabet in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $1,053.45.

COPYRIGHT VIOLATION WARNING: This piece was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/17/alphabet-inc-googl-holdings-raised-by-xact-kapitalforvaltning-ab.html.

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Stock Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related stocks with our FREE daily email newsletter.