Bingham Osborn & Scarborough LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.7% during the second quarter, Holdings Channel reports. The firm owned 883 shares of the company’s stock after buying an additional 23 shares during the period. Bingham Osborn & Scarborough LLC’s holdings in Alphabet were worth $621,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Credit Agricole S A raised its position in shares of Alphabet by 3.7% in the first quarter. Credit Agricole S A now owns 375,148 shares of the company’s stock valued at $286,204,000 after buying an additional 13,399 shares in the last quarter. AXA raised its position in shares of Alphabet by 12.1% in the first quarter. AXA now owns 452,331 shares of the company’s stock valued at $345,083,000 after buying an additional 48,771 shares in the last quarter. Aviva PLC raised its position in shares of Alphabet by 2.1% in the first quarter. Aviva PLC now owns 178,763 shares of the company’s stock valued at $136,378,000 after buying an additional 3,711 shares in the last quarter. Marathon Asset Management LLP raised its position in shares of Alphabet by 1.9% in the second quarter. Marathon Asset Management LLP now owns 52,006 shares of the company’s stock valued at $36,583,000 after buying an additional 992 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of Alphabet by 16.9% in the first quarter. LPL Financial LLC now owns 106,228 shares of the company’s stock valued at $80,583,000 after buying an additional 15,348 shares in the last quarter. Institutional investors and hedge funds own 34.15% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.55% on Tuesday, hitting $799.78. The company’s stock had a trading volume of 1,049,941 shares. The stock has a 50-day moving average price of $799.23 and a 200 day moving average price of $753.53. The firm has a market cap of $549.67 billion, a price-to-earnings ratio of 30.99 and a beta of 0.98. Alphabet Inc. has a one year low of $617.84 and a one year high of $813.88.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $8.04 by $0.38. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. Equities research analysts predict that Alphabet Inc. will post $34.25 EPS for the current year.

Several research analysts have recently issued reports on GOOGL shares. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $950.00 target price on shares of Alphabet in a research report on Friday, September 9th. Susquehanna reissued a “positive” rating and issued a $930.00 target price on shares of Alphabet in a research report on Monday, July 18th. Jefferies Group reissued a “buy” rating and issued a $925.00 target price on shares of Alphabet in a research report on Monday, July 18th. Vetr lowered Alphabet from a “strong-buy” rating to a “buy” rating and set a $803.74 target price for the company. in a research report on Monday, July 11th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $940.00 target price on shares of Alphabet in a research report on Tuesday, July 5th. Two equities research analysts have rated the stock with a hold rating, forty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $925.42.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOGL

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