Swiss National Bank grew its position in Alphabet Inc (NASDAQ:GOOGL) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,103,089 shares of the information services provider’s stock after purchasing an additional 36,300 shares during the quarter. Alphabet makes up about 1.2% of Swiss National Bank’s portfolio, making the stock its 8th largest position. Swiss National Bank owned 0.16% of Alphabet worth $1,025,520,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Dowling & Yahnke LLC boosted its stake in Alphabet by 1.9% during the first quarter. Dowling & Yahnke LLC now owns 8,201 shares of the information services provider’s stock worth $6,953,000 after acquiring an additional 151 shares in the last quarter. Lourd Capital LLC boosted its stake in Alphabet by 4.3% during the first quarter. Lourd Capital LLC now owns 1,011 shares of the information services provider’s stock worth $857,000 after acquiring an additional 42 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in Alphabet by 0.4% during the first quarter. Cullen Frost Bankers Inc. now owns 36,177 shares of the information services provider’s stock worth $30,670,000 after acquiring an additional 150 shares in the last quarter. Bourgeon Capital Management LLC boosted its stake in Alphabet by 1.0% during the first quarter. Bourgeon Capital Management LLC now owns 6,728 shares of the information services provider’s stock worth $5,704,000 after acquiring an additional 65 shares in the last quarter. Finally, Beaumont Financial Partners LLC boosted its stake in Alphabet by 11.0% during the first quarter. Beaumont Financial Partners LLC now owns 12,758 shares of the information services provider’s stock worth $10,816,000 after acquiring an additional 1,260 shares in the last quarter. 33.62% of the stock is currently owned by institutional investors.

Shares of Alphabet Inc (NASDAQ GOOGL) opened at $1,019.60 on Wednesday. The company has a market cap of $705,450.00, a PE ratio of 34.32, a PEG ratio of 1.72 and a beta of 0.90. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet Inc has a 1-year low of $773.32 and a 1-year high of $1,080.00.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion during the quarter, compared to the consensus estimate 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 prior year, the company posted $9.06 earnings per share. sell-side analysts expect that Alphabet Inc will post 32.34 EPS for the current year.

Several research analysts recently issued reports on GOOGL shares. Piper Jaffray Companies reissued an “overweight” rating and set a $1,050.00 target price on shares of Alphabet in a research note on Wednesday, August 9th. MKM Partners reissued a “buy” rating and set a $1,210.00 target price (up from $1,170.00) on shares of Alphabet in a research note on Thursday, August 10th. Cowen reissued an “outperform” rating and set a $1,075.00 target price on shares of Alphabet in a research note on Thursday, August 10th. SunTrust Banks assumed coverage on shares of Alphabet in a report on Tuesday, August 15th. They set a “buy” rating and a $1,100.00 price objective on the stock. Finally, UBS restated an “overweight” rating on shares of Alphabet in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $1,089.17.

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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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