Goldstein Munger & Associates continued to hold its position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,776 shares of the information services provider’s stock at the close of the second quarter. Alphabet comprises approximately 1.6% of Goldstein Munger & Associates’ portfolio, making the stock its 14th largest position. Goldstein Munger & Associates’ holdings in Alphabet were worth $3,510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. Alta Capital Management LLC raised its position in Alphabet by 1.3% in the 1st quarter. Alta Capital Management LLC now owns 79,008 shares of the information services provider’s stock valued at $66,982,000 after purchasing an additional 1,001 shares in the last quarter. Patriot Wealth Management Inc. raised its position in Alphabet by 2.6% in the 1st quarter. Patriot Wealth Management Inc. now owns 5,599 shares of the information services provider’s stock valued at $4,747,000 after purchasing an additional 141 shares in the last quarter. Girard Partners LTD. raised its position in Alphabet by 10.7% in the 1st quarter. Girard Partners LTD. now owns 4,528 shares of the information services provider’s stock valued at $3,839,000 after purchasing an additional 439 shares in the last quarter. Courier Capital LLC raised its position in Alphabet by 7.9% in the 1st quarter. Courier Capital LLC now owns 617 shares of the information services provider’s stock valued at $523,000 after purchasing an additional 45 shares in the last quarter. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC raised its position in Alphabet by 11.0% in the 1st quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 1,736 shares of the information services provider’s stock valued at $1,471,000 after purchasing an additional 172 shares in the last quarter. 33.85% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Inc. (NASDAQ:GOOGL) traded up 0.5544% during trading on Tuesday, hitting $934.9043. The stock had a trading volume of 676,877 shares. The stock has a market cap of $647.78 billion, a PE ratio of 33.8819 and a beta of 0.98. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61. The firm’s 50-day moving average price is $939.74 and its 200-day moving average price is $928.13. Alphabet also saw some unusual options trading on Monday. Investors bought 14,838 put options on the company. This represents an increase of approximately 111% compared to the typical volume of 7,040 put options.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $20.83 billion. During the same quarter last year, the company posted $8.42 EPS. On average, equities research analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

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GOOGL has been the topic of a number of analyst reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, May 22nd. Aegis reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, May 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $1,200.00 price target (up previously from $950.00) on shares of Alphabet in a research report on Sunday, May 28th. Moffett Nathanson reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, June 9th. Finally, Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,052.36 price target on the stock in a research report on Monday, June 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,054.01.

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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