Busey Trust CO cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,860 shares of the information services provider’s stock after selling 12 shares during the quarter. Busey Trust CO’s holdings in Alphabet were worth $1,729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOGL. State Street Corp lifted its stake in shares of Alphabet by 1.2% in the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after purchasing an additional 142,214 shares during the period. Bank of Montreal Can lifted its stake in shares of Alphabet by 0.8% in the 2nd quarter. Bank of Montreal Can now owns 1,094,698 shares of the information services provider’s stock valued at $1,017,719,000 after purchasing an additional 8,375 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Alphabet by 2.6% in the 1st quarter. Fisher Asset Management LLC now owns 1,071,363 shares of the information services provider’s stock valued at $908,302,000 after purchasing an additional 27,598 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Alphabet by 4.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 994,541 shares of the information services provider’s stock valued at $843,172,000 after purchasing an additional 45,805 shares during the period. Finally, Boston Partners lifted its stake in shares of Alphabet by 9.9% in the 1st quarter. Boston Partners now owns 970,802 shares of the information services provider’s stock valued at $823,046,000 after purchasing an additional 87,783 shares during the period. 33.82% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have recently issued reports on GOOGL shares. Vetr raised Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,069.98 price objective on the stock in a research note on Tuesday, June 27th. Societe Generale set a $1,210.00 price objective on Alphabet and gave the company a “buy” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. SunTrust Banks, Inc. reissued a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a research note on Saturday, September 23rd. Wells Fargo & Co reissued an “outperform” rating and issued a $1,150.00 price objective on shares of Alphabet in a research note on Saturday, July 22nd. Finally, Zacks Investment Research downgraded Alphabet from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. One research 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 issued a strong buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and an average price target of $1,061.20.

Alphabet Inc. (NASDAQ:GOOGL) opened at 1005.07 on Friday. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,016.31. The company has a 50-day moving average price of $966.92 and a 200-day moving average price of $948.32. The company has a market cap of $696.39 billion, a PE ratio of 36.42 and a beta of 0.96.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the consensus estimate of $8.25 by ($3.24). The company had revenue of $20.92 billion during the quarter, compared to analysts’ expectations of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same quarter in the previous year, the firm earned $8.42 EPS. On average, analysts expect that Alphabet Inc. will post $30.64 EPS for the current fiscal 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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