Burns J W & Co. Inc. NY held its stake in Alphabet Inc. (NASDAQ:GOOGL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,457 shares of the information services provider’s stock at the close of the 2nd quarter. Burns J W & Co. Inc. NY’s holdings in Alphabet were worth $2,284,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Franklin Parlapiano Turner & Welch LLC purchased a new position in Alphabet during the 1st quarter worth $108,000. Delta Asset Management LLC TN increased its holdings 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 worth $116,000 after purchasing an additional 2 shares during the period. Farmers National Bank increased its holdings in Alphabet by 2.7% during the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after purchasing an additional 4 shares during the period. Riggs Asset Managment Co. Inc. increased its holdings in Alphabet by 58.3% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock worth $129,000 after purchasing an additional 56 shares during the period. Finally, Jacobi Capital Management LLC purchased a new position in Alphabet during the 1st quarter worth $132,000. 33.85% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on the company. B. Riley restated a “buy” rating and set a $1,050.00 price objective on shares of Alphabet in a report on Sunday, July 30th. MKM Partners restated a “buy” rating and set a $1,210.00 price objective (up from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. Cowen and Company restated an “outperform” rating and set a $1,075.00 price objective on shares of Alphabet in a report on Thursday, August 10th. Vetr upgraded Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,053.55 price objective on the stock in a report on Monday, July 3rd. Finally, Jefferies Group LLC restated a “buy” rating and set a $1,200.00 price objective on shares of Alphabet in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,053.45.

Alphabet Inc. (NASDAQ:GOOGL) traded down 0.220% on Monday, reaching $933.235. The company’s stock had a trading volume of 555,080 shares. The stock has a market capitalization of $646.62 billion, a P/E ratio of 33.821 and a beta of 0.98. The firm has a 50 day moving average price of $940.56 and a 200 day moving average price of $926.45. 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 (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $20.92 billion for the quarter, compared to analysts’ expectations of $20.83 billion. During the same period in the prior year, the firm earned $8.42 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post $30.59 EPS for the current year.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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