SG Americas Securities LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 90.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,593 shares of the information services provider’s stock after selling 62,863 shares during the quarter. SG Americas Securities LLC’s holdings in Alphabet were worth $6,129,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Pure Financial Advisors Inc. raised its position in shares of Alphabet by 0.4% during the 2nd quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock worth $258,000 after purchasing an additional 1 shares during the last quarter. Baystate Wealth Management LLC raised its position in shares of Alphabet by 0.7% during the 2nd quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock worth $288,000 after purchasing an additional 2 shares during the last quarter. First Bank & Trust raised its position in shares of Alphabet by 0.3% during the 2nd quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock worth $710,000 after purchasing an additional 2 shares during the last quarter. RB Capital Management LLC raised its position in shares of Alphabet by 0.4% during the 2nd quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock worth $654,000 after purchasing an additional 3 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Alphabet by 0.7% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 422 shares of the information services provider’s stock worth $392,000 after purchasing an additional 3 shares during the last quarter. 33.81% of the stock is currently owned by institutional investors and hedge funds.

GOOGL has been the subject of a number of recent research reports. B. Riley reiterated a “buy” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Sunday, July 30th. MKM Partners reiterated a “buy” rating and issued a $1,210.00 price objective (up previously from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. Cowen and Company reiterated an “outperform” rating and issued a $1,075.00 price objective on shares of Alphabet in a report on Thursday, August 10th. UBS AG reiterated a “buy” rating and issued a $1,080.00 price objective (up previously from $1,050.00) on shares of Alphabet in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $1,200.00 price objective on shares of Alphabet in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $1,088.53.

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Shares of Alphabet Inc. (NASDAQ:GOOGL) opened at $1,041.20 on Tuesday. The company has a market cap of $725,476.50, a PE ratio of 34.96, a P/E/G ratio of 1.76 and a beta of 0.91. Alphabet Inc. has a fifty-two week low of $743.59 and a fifty-two week high of $1,063.62. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping analysts’ consensus estimates of $8.43 by $1.14. The firm had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same quarter in the previous year, the firm earned $9.06 earnings per share. analysts forecast that Alphabet Inc. will post 32.15 EPS for the current year.

Alphabet 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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