Prudential Financial Inc. lessened its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 656,672 shares of the information services provider’s stock after selling 11,610 shares during the quarter. Alphabet comprises approximately 1.1% of Prudential Financial Inc.’s holdings, making the stock its 9th largest position. Prudential Financial Inc.’s holdings in Alphabet were worth $639,415,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Koch Industries Inc. raised its stake in shares of Alphabet by 181,219.4% in the 2nd quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock worth $1,085,000 after buying an additional 1,085,504 shares in the last quarter. Harbour Capital Advisors LLC raised its stake in shares of Alphabet by 65,026.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock worth $800,000 after buying an additional 742,602 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Alphabet by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after buying an additional 662,279 shares in the last quarter. BlackRock Inc. raised its stake in shares of Alphabet by 3.1% in the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after buying an additional 567,337 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Alphabet by 2.1% in the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after buying an additional 367,634 shares in the last quarter. Institutional investors own 33.57% of the company’s stock.

Alphabet Inc (NASDAQ:GOOGL) opened at $1,130.70 on Wednesday. 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 52 week low of $812.05 and a 52 week high of $1,148.88. The company has a market capitalization of $782,680.00, a PE ratio of 37.66, a price-to-earnings-growth ratio of 1.48 and a beta of 0.90.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating 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 firm had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. During the same quarter in the previous year, the company posted $9.06 earnings per share. equities research analysts forecast that Alphabet Inc will post 32.36 EPS for the current fiscal year.

A number of analysts have recently commented on the company. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,266.00 price objective on the stock in a research note on Tuesday. SunTrust Banks cut their target price on Alphabet from $1,250.00 to $1,180.00 in a research report on Monday. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,179.78 target price on the stock in a research report on Monday, January 8th. Cowen boosted their target price on Alphabet from $1,150.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $1,150.00 target price on shares of Alphabet in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $1,098.90.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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