Park Avenue Securities LLC bought a new position in Alphabet Inc. (NASDAQ:GOOGL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 739 shares of the information services provider’s stock, valued at approximately $668,000.

A number of other hedge funds have also recently modified their holdings of the business. State Street Corp increased its holdings in shares of Alphabet by 1.2% during the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after acquiring an additional 142,214 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Alphabet by 0.8% during the 2nd quarter. Bank of Montreal Can now owns 1,094,698 shares of the information services provider’s stock valued at $1,017,719,000 after acquiring an additional 8,375 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Alphabet by 2.6% during the 1st quarter. Fisher Asset Management LLC now owns 1,071,363 shares of the information services provider’s stock valued at $908,302,000 after acquiring an additional 27,598 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Alphabet by 4.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 994,541 shares of the information services provider’s stock valued at $843,172,000 after acquiring an additional 45,805 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of Alphabet by 9.9% during the 1st quarter. Boston Partners now owns 970,802 shares of the information services provider’s stock valued at $823,046,000 after acquiring an additional 87,783 shares during the last quarter. 33.85% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on GOOGL. Royal Bank Of Canada reissued a “buy” rating and set a $1,050.00 price objective on shares of Alphabet in a report on Sunday. Vetr lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price objective on the stock. in a report on Friday. Wells Fargo & Company reissued an “outperform” rating and set a $1,250.00 price objective on shares of Alphabet in a report on Wednesday, September 27th. Bank of America Corporation reissued a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a report on Tuesday, September 26th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $1,075.00 price objective on shares of Alphabet in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $1,057.04.

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Shares of Alphabet Inc. (NASDAQ GOOGL) opened at 992.31 on Tuesday. The firm has a market capitalization of $687.55 billion, a PE ratio of 35.96 and a beta of 0.96. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61. The stock has a 50 day moving average price of $949.40 and a 200 day moving average price of $939.39.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $20.92 billion during the quarter, compared to the consensus estimate of $20.83 billion. During the same quarter in the previous year, the company posted $8.42 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current fiscal 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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