HT Partners LLC increased its holdings in Alphabet Inc (NASDAQ:GOOGL) by 5.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 423 shares of the information services provider’s stock after buying an additional 20 shares during the period. Alphabet accounts for about 0.2% of HT Partners LLC’s portfolio, making the stock its 18th biggest position. HT Partners LLC’s holdings in Alphabet were worth $600,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Alphabet by 31.6% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 875 shares of the information services provider’s stock worth $1,241,000 after purchasing an additional 210 shares during the period. McGuire Investment Group LLC grew its stake in shares of Alphabet by 1.1% during the 2nd quarter. McGuire Investment Group LLC now owns 2,277 shares of the information services provider’s stock worth $3,229,000 after purchasing an additional 24 shares during the period. First United Bank Trust grew its stake in shares of Alphabet by 4.2% during the 2nd quarter. First United Bank Trust now owns 1,329 shares of the information services provider’s stock worth $1,885,000 after purchasing an additional 53 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Alphabet by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the information services provider’s stock worth $18,293,000 after purchasing an additional 200 shares during the period. Finally, First National Bank Sioux Falls acquired a new stake in shares of Alphabet during the 2nd quarter worth approximately $235,000. Institutional investors own 34.14% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group raised shares of Alphabet to a “buy” rating in a research note on Monday. Royal Bank of Canada raised their price objective on shares of Alphabet from $1,350.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. JMP Securities lifted their price target on shares of Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Nomura lifted their price target on shares of Alphabet from $1,680.00 to $1,700.00 in a research note on Wednesday, April 29th. Finally, Atlantic Securities reissued a “buy” rating and issued a $1,500.00 price target on shares of Alphabet in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a hold rating and forty-two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $1,555.61.

Shares of NASDAQ GOOGL traded down $14.36 during trading on Tuesday, hitting $1,497.87. 478,740 shares of the company were exchanged, compared to its average volume of 1,953,015. Alphabet Inc has a 12-month low of $1,008.87 and a 12-month high of $1,576.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.64 and a current ratio of 3.66. The company has a fifty day moving average price of $1,442.26 and a 200-day moving average price of $1,362.06. The firm has a market capitalization of $1,032.28 billion, a PE ratio of 30.29, a P/E/G ratio of 2.31 and a beta of 1.06.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, April 28th. The information services provider reported $9.87 EPS for the quarter, missing the consensus estimate of $11.16 by ($1.29). Alphabet had a return on equity of 17.43% and a net margin of 20.71%. The company had revenue of $33.71 billion for the quarter, compared to analysts’ expectations of $32.59 billion. During the same quarter in the prior year, the firm earned $9.50 EPS. Research analysts anticipate that Alphabet Inc will post 41.51 earnings per share for the current fiscal year.

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.

Read More: Pattern Day Trader – What is the PDT Rule?

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOGL).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.