Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 19.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,046 shares of the information services provider’s stock after acquiring an additional 167 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Alphabet were worth $972,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Pure Financial Advisors Inc. raised its stake in shares of 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 acquiring an additional 1 shares in the last quarter. Delta Asset Management LLC TN raised its stake in shares of Alphabet by 1.5% during the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after acquiring an additional 2 shares in the last quarter. Baystate Wealth Management LLC raised its stake in shares of Alphabet by 0.7% during the second quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock worth $288,000 after acquiring an additional 2 shares in the last quarter. First Bank & Trust raised its stake in shares of Alphabet by 0.3% during the second quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock worth $710,000 after acquiring an additional 2 shares in the last quarter. Finally, RB Capital Management LLC raised its stake in shares of Alphabet by 0.4% during the second quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock worth $654,000 after acquiring an additional 3 shares in the last quarter. 33.87% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Inc. (NASDAQ:GOOGL) opened at $1,049.99 on Friday. The stock has a market capitalization of $727,513.94, a P/E ratio of 35.15, a P/E/G ratio of 1.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc. has a 52 week low of $743.59 and a 52 week high of $1,063.62.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period in the previous year, the company posted $9.06 EPS. research analysts predict that Alphabet Inc. will post 32.17 earnings per share for the current year.

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Several brokerages have recently issued reports on GOOGL. Pivotal Research restated a “hold” rating and issued a $990.00 target price on shares of Alphabet in a report on Sunday, October 29th. Citigroup Inc. restated a “buy” rating on shares of Alphabet in a report on Monday, October 30th. Stifel Nicolaus raised their target price on shares of Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Vetr cut shares of Alphabet from a “hold” rating to a “sell” rating and set a $988.59 target price on the stock. in a report on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,157.00 target price on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $1,088.02.

About Alphabet

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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