Gareth Morgan Investments Limited Partnership maintained its position in Alphabet Inc (NASDAQ:GOOGL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,821 shares of the information services provider’s stock at the close of the second quarter. Gareth Morgan Investments Limited Partnership’s holdings in Alphabet were worth $1,693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in Alphabet by 1.2% in 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 buying an additional 142,214 shares during the last quarter. Legal & General Group Plc boosted its holdings in Alphabet by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 1,441,831 shares of the information services provider’s stock worth $1,340,528,000 after buying an additional 42,001 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Alphabet by 7.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,316,448 shares of the information services provider’s stock worth $1,223,875,000 after buying an additional 85,800 shares during the last quarter. Swiss National Bank boosted its holdings in Alphabet by 3.4% in the 2nd quarter. Swiss National Bank now owns 1,103,089 shares of the information services provider’s stock worth $1,025,520,000 after buying an additional 36,300 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Alphabet by 0.8% in the 2nd quarter. Bank of Montreal Can now owns 1,094,698 shares of the information services provider’s stock worth $1,017,719,000 after buying an additional 8,375 shares during the last quarter. Institutional investors and hedge funds own 33.62% of the company’s stock.

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at $1,032.72 on Thursday. The stock has a market capitalization of $715,110.00, a P/E ratio of 33.88, a price-to-earnings-growth ratio of 1.70 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc has a 12-month low of $773.53 and a 12-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 for the quarter, topping analysts’ consensus estimates of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The business had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same quarter in the prior year, the company earned $9.06 earnings per share. equities research analysts expect that Alphabet Inc will post 32.34 EPS for the current year.

Several research analysts have recently weighed in on the company. UBS restated an “overweight” rating on shares of Alphabet in a report on Thursday, August 24th. Stifel Nicolaus boosted their target price on Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Bank of America restated a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a report on Tuesday, September 26th. Robert W. Baird restated an “outperform” rating and set a $1,100.00 target price on shares of Alphabet in a report on Saturday, August 26th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $1,150.00 target price on shares of Alphabet in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $1,089.17.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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