Benjamin F. Edwards & Company Inc. decreased its holdings in Alphabet Inc (NASDAQ:GOOGL) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,557 shares of the information services provider’s stock after selling 122 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Alphabet were worth $2,971,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Alphabet during the 4th quarter worth about $6,806,866,000. Girard Partners LTD. increased its position in Alphabet by 9,648.1% in the 1st quarter. Girard Partners LTD. now owns 505,535 shares of the information services provider’s stock valued at $6,229,000 after acquiring an additional 500,349 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Alphabet in the 4th quarter valued at about $332,028,000. Altarock Partners LLC bought a new position in shares of Alphabet in the 4th quarter valued at about $308,060,000. Finally, Parnassus Investments CA boosted its stake in shares of Alphabet by 52.4% in the 1st quarter. Parnassus Investments CA now owns 642,966 shares of the information services provider’s stock valued at $747,094,000 after purchasing an additional 220,952 shares during the last quarter. Institutional investors own 35.07% of the company’s stock.

Several research analysts have recently issued reports on GOOGL shares. Nomura Instinet raised their target price on shares of Alphabet from $1,680.00 to $1,700.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Nomura raised their target price on shares of Alphabet from $1,680.00 to $1,700.00 in a research note on Wednesday, April 29th. Oppenheimer reaffirmed a “buy” rating and issued a $1,445.00 target price on shares of Alphabet in a research note on Wednesday, April 29th. Loop Capital raised their target price on shares of Alphabet from $1,320.00 to $1,400.00 in a research note on Thursday, April 9th. Finally, Aegis lifted their price objective on shares of Alphabet from $1,425.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and forty-three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,505.34.

NASDAQ GOOGL opened at $1,373.06 on Friday. The company has a market capitalization of $937.28 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 2.08 and a beta of 1.06. Alphabet Inc has a 12-month low of $1,008.87 and a 12-month high of $1,530.74. The firm’s 50 day moving average is $1,245.96 and its 200-day moving average is $1,326.15. The company has a quick ratio of 3.64, a current ratio of 3.66 and a debt-to-equity ratio of 0.08.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, April 28th. The information services provider reported $9.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $11.16 by ($1.29). The firm had revenue of $33.71 billion for the quarter, compared to analyst estimates of $32.59 billion. Alphabet had a return on equity of 17.43% and a net margin of 20.71%. During the same quarter in the previous year, the firm posted $9.50 earnings per share. As a group, sell-side analysts expect that Alphabet Inc will post 41.47 EPS for the current year.

About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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