Van Strum & Towne Inc. acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,971 shares of the information services provider’s stock, valued at approximately $2,762,000. Alphabet accounts for about 1.8% of Van Strum & Towne Inc.’s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp raised its position in shares of Alphabet by 1.2% in the first quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after purchasing an additional 142,214 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Alphabet by 7.0% in the second quarter. Canada Pension Plan Investment Board now owns 1,316,448 shares of the information services provider’s stock valued at $1,223,875,000 after acquiring an additional 85,800 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Alphabet by 0.8% in the second 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 in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Alphabet by 4.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,038,084 shares of the information services provider’s stock valued at $965,086,000 after acquiring an additional 43,543 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Alphabet by 9.9% in the first 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 in the last quarter. 33.87% of the stock is currently owned by institutional investors.

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Shares of Alphabet Inc. (NASDAQ GOOGL) opened at $1,052.39 on Wednesday. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,063.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The stock has a market cap of $724,455.19, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.77 and a beta of 0.91.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. During the same quarter last year, the firm posted $9.06 EPS. equities analysts forecast that Alphabet Inc. will post 32.09 earnings per share for the current year.

Several research firms recently commented on GOOGL. Vetr upgraded shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 price target on the stock in a research note on Monday. Zacks Investment Research downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Citigroup Inc. restated a “buy” rating on shares of Alphabet in a research note on Monday, October 30th. Stifel Nicolaus upped their price target on shares of Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Pivotal Research restated a “hold” rating and issued a $990.00 price target on shares of Alphabet in a research note on Sunday, October 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $1,088.53.

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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