Jaffetilchin Investment Partners LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 396 shares of the information services provider’s stock after selling 21 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Alphabet were worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. State Street Corp raised its position in 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 purchasing an additional 142,214 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Alphabet by 7.0% during the 2nd 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 purchasing an additional 85,800 shares during the last quarter. Bank of Montreal Can raised its position in 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 purchasing an additional 8,375 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Alphabet by 4.4% during the 2nd 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 purchasing an additional 43,543 shares during the last quarter. Finally, Boston Partners raised its position in 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 purchasing an additional 87,783 shares during the last quarter. Institutional investors own 33.81% of the company’s stock.

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Several research analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a research report on Sunday, July 30th. Cowen and Company reissued an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a research report on Thursday, August 10th. Vetr raised Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 target price for the company in a research report on Monday, November 6th. Bank of America Corporation reissued a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research report on Tuesday, September 26th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $1,250.00 target price on shares of Alphabet in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,088.53.

Shares of Alphabet Inc. (NASDAQ GOOGL) opened at $1,041.20 on Tuesday. Alphabet Inc. has a twelve month low of $743.59 and a twelve month 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 capitalization of $725,476.50, a PE ratio of 34.96, a PEG ratio of 1.76 and a beta of 0.91.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The firm had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period in the previous year, the firm posted $9.06 earnings per share. research analysts anticipate that Alphabet Inc. will post 32.15 EPS for the current fiscal year.

Alphabet 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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