Regentatlantic Capital LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,585 shares of the information services provider’s stock after purchasing an additional 14 shares during the quarter. Regentatlantic Capital LLC’s holdings in Alphabet were worth $1,474,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Pure Financial Advisors Inc. grew its position in Alphabet by 0.4% during the 2nd quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock valued at $258,000 after purchasing an additional 1 shares during the last quarter. Delta Asset Management LLC TN grew its position in Alphabet by 1.5% during the 1st quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after purchasing an additional 2 shares during the last quarter. Baystate Wealth Management LLC grew its position in Alphabet by 0.7% during the 2nd quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock valued at $288,000 after purchasing an additional 2 shares during the last quarter. RB Capital Management LLC grew its position in Alphabet by 0.4% during the 2nd quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock valued at $654,000 after purchasing an additional 3 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in Alphabet by 0.7% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 422 shares of the information services provider’s stock valued at $392,000 after purchasing an additional 3 shares during the last quarter. 33.85% of the stock is currently owned by institutional investors and hedge funds.

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Several analysts recently commented on GOOGL shares. Vetr raised shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,069.98 price objective on the stock in a research report on Tuesday, June 27th. Societe Generale set a $1,210.00 target price on shares of Alphabet and gave the company 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 target price on shares of Alphabet in a research note on Wednesday, May 24th. Wells Fargo & Company restated an “outperform” rating and set a $1,150.00 target price on shares of Alphabet in a research note on Saturday, July 22nd. Finally, Zacks Investment Research cut shares of Alphabet from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. One equities 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. The stock has an average rating of “Buy” and an average price target of $1,053.45.

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded down 0.48% during mid-day trading on Monday, reaching $930.84. The company had a trading volume of 612,122 shares. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61. 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 $644.96 billion, a PE ratio of 33.73 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last released 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 analysts’ expectations 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 prior year, the company posted $8.42 earnings per share. Equities analysts expect that Alphabet Inc. will post $30.59 EPS for the current year.

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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