Atalanta Sosnoff Capital LLC cut its position in Alphabet Inc. (NASDAQ:GOOGL) by 5.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 126,535 shares of the information services provider’s stock after selling 6,675 shares during the period. Alphabet accounts for approximately 4.2% of Atalanta Sosnoff Capital LLC’s holdings, making the stock its 3rd largest position. Atalanta Sosnoff Capital LLC’s holdings in Alphabet were worth $117,637,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GOOGL. Ancora Advisors LLC boosted its position in shares of Alphabet by 261.6% in the fourth quarter. Ancora Advisors LLC now owns 3,913 shares of the information services provider’s stock worth $3,101,000 after buying an additional 2,831 shares in the last quarter. Alta Capital Management LLC boosted its position in shares of Alphabet by 1.3% in the first quarter. Alta Capital Management LLC now owns 79,008 shares of the information services provider’s stock worth $66,982,000 after buying an additional 1,001 shares in the last quarter. Chescapmanager LLC acquired a new position in shares of Alphabet during the fourth quarter worth about $9,509,000. Patriot Wealth Management Inc. boosted its position in shares of Alphabet by 2.6% in the first quarter. Patriot Wealth Management Inc. now owns 5,599 shares of the information services provider’s stock worth $4,747,000 after buying an additional 141 shares in the last quarter. Finally, JW Asset Management LLC boosted its position in shares of Alphabet by 40.0% in the fourth quarter. JW Asset Management LLC now owns 10,500 shares of the information services provider’s stock worth $8,321,000 after buying an additional 3,000 shares in the last quarter. 34.31% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Inc. (GOOGL) traded up 0.78% on Friday, reaching $930.79. 966,609 shares of the company’s stock traded hands. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. The firm’s 50 day moving average price is $957.55 and its 200 day moving average price is $908.38. The firm has a market capitalization of $644.92 billion, a PE ratio of 33.73 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by $3.24. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm had revenue of $20.92 billion during the quarter, compared to the consensus estimate of $20.83 billion. During the same period in the previous year, the company posted $8.42 EPS. On average, analysts predict that Alphabet Inc. will post $30.59 EPS for the current fiscal year.

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A number of equities analysts have issued reports on GOOGL shares. JMP Securities reissued an “outperform” rating and issued a $1,095.00 target price (up previously from $1,020.00) on shares of Alphabet in a report on Monday, May 1st. Cowen and Company reissued an “outperform” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Monday, April 24th. Societe Generale set a $1,210.00 target price on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, July 7th. They noted that the move was a valuation call. MKM Partners reissued a “buy” rating and issued a $1,170.00 target price (up previously from $1,000.00) on shares of Alphabet in a report on Monday, May 8th. Finally, Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $893.60 target price on the stock. in a report on Monday, April 24th. One investment 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 assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,049.20.

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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