Airain ltd lifted its stake in Alphabet Inc (NASDAQ:GOOGL) by 18.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,633 shares of the information services provider’s stock after buying an additional 3,396 shares during the period. Alphabet makes up 0.9% of Airain ltd’s investment portfolio, making the stock its 10th largest holding. Airain ltd’s holdings in Alphabet were worth $20,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of GOOGL. Harbour Capital Advisors LLC grew its position in Alphabet by 65,026.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock worth $800,000 after purchasing an additional 742,602 shares during the last quarter. Investec Asset Management LTD grew its position in Alphabet by 62.7% during the 1st quarter. Investec Asset Management LTD now owns 621,109 shares of the information services provider’s stock worth $526,576,000 after purchasing an additional 239,390 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Alphabet during the 2nd quarter worth $222,766,000. Karp Capital Management Corp grew its position in Alphabet by 5,218.2% during the 1st quarter. Karp Capital Management Corp now owns 199,752 shares of the information services provider’s stock worth $169,350,000 after purchasing an additional 195,996 shares during the last quarter. Finally, State Street Corp grew 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 worth $10,128,119,000 after purchasing an additional 142,214 shares during the last quarter. 33.62% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Inc (NASDAQ GOOGL) opened at $1,025.07 on Friday. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. The stock has a market cap of $719,932.00, a PE ratio of 34.69, a price-to-earnings-growth ratio of 1.74 and a beta of 0.90. Alphabet Inc has a 52-week low of $759.00 and a 52-week high of $1,080.00.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.43 by $1.14. The company had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same quarter in the previous year, the business posted $9.06 earnings per share. equities analysts expect that Alphabet Inc will post 32.34 EPS for the current year.

Several analysts have recently weighed in on the stock. Cowen reaffirmed an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a report on Thursday, August 10th. Bank of America reaffirmed a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a report on Tuesday, September 26th. B. Riley reaffirmed a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Monday, September 25th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $1,250.00 target price on shares of Alphabet in a report on Wednesday, September 27th. Finally, SunTrust Banks assumed coverage on shares of Alphabet in a report on Tuesday, August 15th. They issued a “buy” rating and a $1,100.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,088.53.

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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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