SeaTown Holdings Pte. Ltd. lessened its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 50.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,300 shares of the information services provider’s stock after selling 19,000 shares during the period. Alphabet makes up approximately 3.3% of SeaTown Holdings Pte. Ltd.’s portfolio, making the stock its 5th biggest holding. SeaTown Holdings Pte. Ltd.’s holdings in Alphabet were worth $22,090,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GOOGL. Jaffetilchin Investment Partners LLC lifted its holdings in Alphabet by 7.7% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 572 shares of the information services provider’s stock worth $646,000 after buying an additional 41 shares during the last quarter. M Holdings Securities Inc. boosted its position in Alphabet by 2.0% during the second quarter. M Holdings Securities Inc. now owns 2,096 shares of the information services provider’s stock valued at $2,367,000 after purchasing an additional 42 shares during the last quarter. Boston Family Office LLC boosted its position in Alphabet by 1.8% during the second quarter. Boston Family Office LLC now owns 2,452 shares of the information services provider’s stock valued at $2,769,000 after purchasing an additional 43 shares during the last quarter. Warren Averett Asset Management LLC lifted its position in shares of Alphabet by 2.7% in the second quarter. Warren Averett Asset Management LLC now owns 1,659 shares of the information services provider’s stock worth $1,873,000 after buying an additional 44 shares during the last quarter. Finally, Northstar Group Inc. lifted its position in shares of Alphabet by 1.4% in the second quarter. Northstar Group Inc. now owns 3,367 shares of the information services provider’s stock worth $3,802,000 after buying an additional 45 shares during the last quarter. 33.35% of the stock is currently owned by hedge funds and other institutional investors.

GOOGL has been the topic of several research reports. Wedbush started coverage on Alphabet in a research note on Wednesday, October 17th. They set an “outperform” rating and a $1,350.00 price target on the stock. Credit Suisse Group upped their price objective on shares of Alphabet from $1,375.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, October 19th. ValuEngine upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, December 1st. Monness Crespi & Hardt reduced their price objective on shares of Alphabet from $1,415.00 to $1,315.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Finally, Stifel Nicolaus cut their target price on shares of Alphabet from $1,400.00 to $1,300.00 and set a “buy” rating for the company in a research note on Friday, January 25th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $1,337.17.

GOOGL stock opened at $1,125.89 on Friday. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 1 year low of $977.66 and a 1 year high of $1,291.44. The stock has a market capitalization of $764.07 billion, a PE ratio of 35.13, a P/E/G ratio of 1.28 and a beta of 1.00.

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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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