Blue Chip Partners Inc. trimmed its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 632 shares of the information services provider’s stock after selling 24 shares during the quarter. Blue Chip Partners Inc.’s holdings in Alphabet were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sitrin Capital Management LLC grew its position in shares of Alphabet by 1.5% in the 2nd quarter. Sitrin Capital Management LLC now owns 3,746 shares of the information services provider’s stock worth $3,483,000 after buying an additional 56 shares during the last quarter. RFG Advisory Group LLC grew its position in shares of Alphabet by 58.8% in the 2nd quarter. RFG Advisory Group LLC now owns 497 shares of the information services provider’s stock worth $471,000 after buying an additional 184 shares during the last quarter. ProVise Management Group LLC grew its position in shares of Alphabet by 1.3% in the 2nd quarter. ProVise Management Group LLC now owns 6,218 shares of the information services provider’s stock worth $5,781,000 after buying an additional 81 shares during the last quarter. Aviva PLC grew its position in shares of Alphabet by 2.1% in the 2nd quarter. Aviva PLC now owns 233,922 shares of the information services provider’s stock worth $217,487,000 after buying an additional 4,873 shares during the last quarter. Finally, MAI Capital Management grew its position in shares of Alphabet by 0.3% in the 2nd quarter. MAI Capital Management now owns 4,205 shares of the information services provider’s stock worth $3,909,000 after buying an additional 14 shares during the last quarter. Institutional investors and hedge funds own 33.68% of the company’s stock.

Alphabet Inc (NASDAQ:GOOGL) opened at $1,056.52 on Monday. Alphabet Inc has a one year low of $753.36 and a one year high of $1,063.62. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $734,071.19, a price-to-earnings ratio of 35.37, a PEG ratio of 1.77 and a beta of 0.91.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The company had revenue of $22.27 billion during the quarter, compared to analyst estimates of $21.94 billion. During the same quarter in the previous year, the company posted $9.06 earnings per share. research analysts expect that Alphabet Inc will post 32.34 EPS for the current fiscal year.

GOOGL has been the topic of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $1,075.00 price objective on shares of Alphabet in a research report on Monday, September 25th. UBS AG reiterated a “buy” rating and issued a $1,080.00 price objective on shares of Alphabet in a research report on Friday, September 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $1,200.00 price objective on shares of Alphabet in a research report on Tuesday, October 10th. They noted that the move was a valuation call. Mizuho restated a “buy” rating on shares of Alphabet in a research report on Tuesday, October 17th. Finally, Vetr lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price target on the stock. in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Alphabet has a consensus rating of “Buy” and an average price target of $1,088.53.

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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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