Capital Advantage Inc. maintained its position in shares of Alphabet Inc (NASDAQ:GOOGL) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 361 shares of the information services provider’s stock at the close of the second quarter. Capital Advantage Inc.’s holdings in Alphabet were worth $336,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GOOGL. Harbour Capital Advisors LLC increased its position in shares of Alphabet by 65,026.4% in the second 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 boosted its stake in Alphabet by 62.7% in the first quarter. Investec Asset Management LTD now owns 621,109 shares of the information services provider’s stock worth $526,576,000 after buying an additional 239,390 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Alphabet in the second quarter worth approximately $222,766,000. Karp Capital Management Corp boosted its stake in Alphabet by 5,218.2% in the first quarter. Karp Capital Management Corp now owns 199,752 shares of the information services provider’s stock worth $169,350,000 after buying an additional 195,996 shares in the last quarter. Finally, State Street Corp boosted its stake 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 buying an additional 142,214 shares in the last quarter. Institutional investors own 33.62% of the company’s stock.

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

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data 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 business had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same quarter in the prior year, the company earned $9.06 earnings per share. equities analysts forecast that Alphabet Inc will post 32.34 EPS for the current year.

Several analysts have issued reports on the company. Cowen reaffirmed an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a research note on Thursday, August 10th. MKM Partners reaffirmed a “buy” rating and issued a $1,210.00 target price (up previously from $1,170.00) on shares of Alphabet in a research note on Thursday, August 10th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $1,050.00 target price on shares of Alphabet in a research note on Wednesday, August 9th. Mizuho reaffirmed a “buy” rating and issued a $1,220.00 target price on shares of Alphabet in a research note on Monday, August 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $1,150.00 target price (up previously from $1,075.00) on shares of Alphabet in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Alphabet currently has an average rating of “Buy” and a consensus price target of $1,088.53.

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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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