Hamilton Lane Advisors LLC held its position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,312 shares of the information services provider’s stock at the end of the 2nd quarter. Alphabet accounts for about 2.7% of Hamilton Lane Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Hamilton Lane Advisors LLC’s holdings in Alphabet were worth $4,878,000 as of its most recent SEC filing.

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

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Alphabet Inc. (GOOGL) opened at 972.08 on Wednesday. Alphabet Inc. has a 52 week low of $743.59 and a 52 week high of $1,008.61. The firm has a market capitalization of $673.53 billion, a price-to-earnings ratio of 35.23 and a beta of 0.96. The company has a 50 day moving average price of $943.64 and a 200-day moving average price of $935.54.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the consensus estimate of $8.25 by ($3.24). Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company had revenue of $20.92 billion for the quarter, compared to the consensus estimate of $20.83 billion. During the same period in the previous year, the firm posted $8.42 EPS. Equities analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current year.

A number of brokerages recently weighed in on GOOGL. Societe Generale set a $1,210.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. Morgan Stanley reissued an “overweight” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Saturday, July 22nd. Pivotal Research restated a “hold” rating and issued a $940.00 target price (down from $980.00) on shares of Alphabet in a research note on Tuesday, July 25th. Deutsche Bank AG restated a “buy” rating and issued a $1,258.00 target price (up from $1,250.00) on shares of Alphabet in a research note on Saturday, July 22nd. Finally, Citigroup Inc. upped their target price on Alphabet from $1,135.00 to $1,180.00 and gave the company a “buy” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $1,056.14.

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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