Carderock Capital Management Inc. lifted its position in Alphabet Inc (NASDAQ:GOOGL) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,456 shares of the information services provider’s stock after buying an additional 45 shares during the quarter. Alphabet comprises approximately 1.9% of Carderock Capital Management Inc.’s holdings, making the stock its 25th biggest position. Carderock Capital Management Inc.’s holdings in Alphabet were worth $4,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Pure Financial Advisors Inc. boosted its position in Alphabet by 0.4% during the second 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 period. Baystate Wealth Management LLC boosted its position in shares of Alphabet by 0.7% in the second quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock valued at $288,000 after acquiring an additional 2 shares during the period. First Bank & Trust boosted its position in shares of Alphabet by 0.3% in the second quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock valued at $710,000 after acquiring an additional 2 shares during the period. RB Capital Management LLC boosted its position in shares of Alphabet by 0.4% in the second quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock valued at $654,000 after acquiring an additional 3 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in shares of Alphabet by 0.7% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 422 shares of the information services provider’s stock valued at $392,000 after acquiring an additional 3 shares during the period. 33.62% of the stock is owned by institutional investors and hedge funds.

Alphabet Inc (GOOGL) opened at $1,032.72 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The company has a market capitalization of $715,110.00, a PE ratio of 33.88, a price-to-earnings-growth ratio of 1.70 and a beta of 0.90. Alphabet Inc has a 52 week low of $773.53 and a 52 week high of $1,080.00.

Alphabet (NASDAQ:GOOGL) last issued its earnings results 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 firm had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. During the same quarter in the previous year, the firm earned $9.06 earnings per share. sell-side analysts forecast that Alphabet Inc will post 32.34 EPS for the current year.

A number of brokerages have recently issued reports on GOOGL. Cowen reissued an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a research report on Thursday, August 10th. Bank of America reissued a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research report on Tuesday, September 26th. B. Riley reissued a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a research report on Monday, September 25th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $1,250.00 price target on shares of Alphabet in a research note on Wednesday, September 27th. Finally, Evercore ISI began coverage on Alphabet in a research note on Tuesday. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $1,089.17.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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