Homrich & Berg boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 55.2% during the third quarter, Holdings Channel reports. The fund owned 1,319 shares of the company’s stock after buying an additional 469 shares during the period. Homrich & Berg’s holdings in Alphabet were worth $1,061,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GOOGL. Bank of New York Mellon Corp boosted its stake in shares of Alphabet by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 4,096,211 shares of the company’s stock worth $2,881,806,000 after buying an additional 14,001 shares in the last quarter. CIBC World Markets Inc. raised its position in Alphabet by 33.9% in the third quarter. CIBC World Markets Inc. now owns 43,753 shares of the company’s stock worth $35,180,000 after buying an additional 11,065 shares in the last quarter. Nwam LLC raised its position in Alphabet by 6.5% in the third quarter. Nwam LLC now owns 1,710 shares of the company’s stock worth $1,375,000 after buying an additional 104 shares in the last quarter. Nationwide Fund Advisors raised its position in Alphabet by 1.4% in the third quarter. Nationwide Fund Advisors now owns 293,906 shares of the company’s stock worth $236,318,000 after buying an additional 3,966 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Alphabet by 4.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 31,552 shares of the company’s stock worth $22,198,000 after buying an additional 1,348 shares in the last quarter. Hedge funds and other institutional investors own 34.57% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Alphabet Inc. (NASDAQ:GOOGL) traded up 0.17% during mid-day trading on Friday, hitting $830.94. 1,290,182 shares of the stock were exchanged. The company has a market capitalization of $572.72 billion, a PE ratio of 30.41 and a beta of 0.89. The stock’s 50-day moving average is $797.67 and its 200 day moving average is $786.22. Alphabet Inc. has a 52 week low of $672.66 and a 52 week high of $839.00.

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A number of brokerages have recently commented on GOOGL. Vetr raised shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $890.66 price objective for the company in a research report on Saturday, October 29th. Morgan Stanley reaffirmed a “buy” rating and set a $880.00 price objective on shares of Alphabet in a research report on Thursday, September 29th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,000.00 price objective on shares of Alphabet in a research report on Wednesday, October 5th. Jefferies Group reaffirmed a “buy” rating and set a $1,000.00 price objective on shares of Alphabet in a research report on Monday, October 3rd. Finally, Needham & Company LLC upped their price objective on shares of Alphabet from $900.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, October 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $947.51.

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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