Alta Capital Management LLC cut its position in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,867 shares of the information services provider’s stock after selling 191 shares during the period. Alphabet Inc Class A accounts for about 5.3% of Alta Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Alta Capital Management LLC’s holdings in Alphabet Inc Class A were worth $85,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Diversified Trust Co raised its stake in shares of Alphabet Inc Class A by 15.7% in the 2nd quarter. Diversified Trust Co now owns 7,226 shares of the information services provider’s stock valued at $8,160,000 after acquiring an additional 981 shares in the last quarter. Kiley Juergens Wealth Management LLC raised its stake in shares of Alphabet Inc Class A by 7.6% in the 2nd quarter. Kiley Juergens Wealth Management LLC now owns 2,116 shares of the information services provider’s stock valued at $2,389,000 after acquiring an additional 149 shares in the last quarter. Sumitomo Life Insurance Co. raised its stake in shares of Alphabet Inc Class A by 13.8% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 13,411 shares of the information services provider’s stock valued at $15,144,000 after acquiring an additional 1,625 shares in the last quarter. Rossmore Private Capital raised its stake in shares of Alphabet Inc Class A by 26.1% in the 2nd quarter. Rossmore Private Capital now owns 1,158 shares of the information services provider’s stock valued at $1,308,000 after acquiring an additional 240 shares in the last quarter. Finally, Iowa State Bank bought a new position in shares of Alphabet Inc Class A in the 2nd quarter valued at approximately $1,809,000. 33.56% of the stock is owned by institutional investors.

GOOGL has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $1,250.00 price objective (up from $1,200.00) on shares of Alphabet Inc Class A in a research note on Thursday, June 28th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $1,330.00 price target (down from $1,350.00) on shares of Alphabet Inc Class A in a research report on Monday, July 16th. Macquarie reaffirmed a “buy” rating and issued a $1,250.00 price target on shares of Alphabet Inc Class A in a research report on Monday, August 27th. Citigroup reaffirmed a “buy” rating and issued a $1,400.00 price target (up from $1,350.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $1,456.00 price target (up from $1,234.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. Alphabet Inc Class A presently has a consensus rating of “Buy” and a consensus target price of $1,317.07.

Shares of NASDAQ:GOOGL opened at $1,194.06 on Thursday. Alphabet Inc Class A has a 1-year low of $941.95 and a 1-year high of $1,291.44. The company has a market cap of $820.91 billion, a PE ratio of 37.17, a PEG ratio of 1.50 and a beta of 1.10. The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $9.51 by $2.24. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. The company had revenue of $26.24 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same quarter last year, the firm earned $5.01 EPS. research analysts expect that Alphabet Inc Class A will post 42.46 EPS for the current year.

About Alphabet Inc Class A

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 Inc Class A (NASDAQ:GOOGL)

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