Achmea Investment Management B.V. purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL) during the first quarter, Holdings Channel reports. The firm purchased 36,455 shares of the information services provider’s stock, valued at approximately $30,907,000. Alphabet accounts for 1.4% of Achmea Investment Management B.V.’s portfolio, making the stock its 8th largest position.

Other large investors have also recently made changes to their positions in the company. Delta Asset Management LLC TN raised its stake in shares of Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after buying an additional 2 shares during the period. Farmers National Bank raised its stake in shares of Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after buying an additional 4 shares during the period. Riggs Asset Managment Co. Inc. raised its stake in shares of Alphabet by 58.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after buying an additional 56 shares during the period. Jackson Grant Investment Advisers Inc. raised its stake in shares of Alphabet by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 170 shares of the information services provider’s stock valued at $135,000 after buying an additional 1 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Alphabet by 22.6% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 179 shares of the information services provider’s stock valued at $152,000 after buying an additional 33 shares during the period. 34.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alphabet Inc. (NASDAQ GOOGL) traded up 0.88% during midday trading on Wednesday, hitting $946.37. 424,685 shares of the company’s stock traded hands. The firm has a market capitalization of $655.72 billion, a price-to-earnings ratio of 34.30 and a beta of 0.99. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61. The company has a 50 day moving average price of $953.90 and a 200 day moving average price of $911.06.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the Zacks’ consensus estimate of $8.25 by $3.24. The firm had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same quarter last year, the firm earned $8.42 earnings per share. Equities analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current year.

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Several brokerages have recently commented on GOOGL. Wedbush reissued an “underperform” rating and set a $725.00 price target (up previously from $700.00) on shares of Alphabet in a research note on Saturday, April 29th. J P Morgan Chase & Co boosted their price target on Alphabet from $1,075.00 to $1,115.00 and gave the stock an “overweight” rating in a research note on Saturday, July 22nd. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,020.52 price target on the stock in a research note on Tuesday, July 25th. Canaccord Genuity lowered Alphabet from a “buy” rating to a “hold” rating and boosted their price target for the stock from $967.93 to $1,000.00 in a research note on Thursday, June 15th. Finally, FBR & Co reissued an “outperform” rating and set a $1,050.00 price target (up previously from $1,032.00) on shares of Alphabet in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $1,053.45.

Alphabet Company 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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