Cidel Asset Management Inc. continued to hold its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 500 shares of the information services provider’s stock at the end of the second quarter. Cidel Asset Management Inc.’s holdings in Alphabet were worth $465,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. State Street Corp lifted its position in Alphabet by 1.2% in the first quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock worth $10,128,119,000 after purchasing an additional 142,214 shares during the period. Legal & General Group Plc lifted its holdings in shares of Alphabet by 3.0% during the second quarter. Legal & General Group Plc now owns 1,441,831 shares of the information services provider’s stock valued at $1,340,528,000 after acquiring an additional 42,001 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Alphabet by 7.0% during 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 during the period. Bank of Montreal Can lifted its holdings in shares of Alphabet by 0.8% during 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 during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Alphabet by 4.4% during 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 during the period. 33.81% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts have issued reports on GOOGL shares. Goldman Sachs Group, Inc. (The) lifted their price objective on Alphabet from $1,125.00 to $1,175.00 in a report on Friday, October 27th. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,112.00 price objective for the company in a report on Friday, July 21st. JMP Securities reissued a “buy” rating and set a $1,077.00 price objective (down from $1,095.00) on shares of Alphabet in a report on Tuesday, July 25th. Deutsche Bank AG reissued a “buy” rating and set a $1,258.00 price objective (up from $1,250.00) on shares of Alphabet in a report on Saturday, July 22nd. Finally, Bank of America Corporation reissued a “buy” rating and set a $1,100.00 price objective (up from $1,035.00) on shares of Alphabet in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and an average price target of $1,088.53.

Alphabet Inc. (NASDAQ:GOOGL) opened at $1,035.89 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The firm has a market capitalization of $723,000.00, a P/E ratio of 34.87, a P/E/G ratio of 1.76 and a beta of 0.91. Alphabet Inc. has a 1-year low of $753.36 and a 1-year high of $1,063.62.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping analysts’ consensus estimates of $8.43 by $1.14. The business had revenue of $22.27 billion for the quarter, compared to analyst estimates 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 earned $9.06 EPS. analysts anticipate that Alphabet Inc. will post 32.15 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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