Ingalls & Snyder LLC reduced its holdings in Alphabet Inc (NASDAQ:GOOGL) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,877 shares of the information services provider’s stock after selling 64 shares during the quarter. Ingalls & Snyder LLC’s holdings in Alphabet were worth $9,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Koch Industries Inc. increased its stake in Alphabet by 181,219.4% during the second quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock worth $1,085,000 after acquiring an additional 1,085,504 shares during the last quarter. Harbour Capital Advisors LLC increased its stake in Alphabet by 65,026.4% during the second quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock worth $800,000 after acquiring an additional 742,602 shares during the last quarter. Vanguard Group Inc. increased its stake in Alphabet by 3.3% during the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after acquiring an additional 662,279 shares during the last quarter. BlackRock Inc. increased its stake in Alphabet by 3.1% during the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after acquiring an additional 567,337 shares during the last quarter. Finally, FMR LLC increased its stake in Alphabet by 2.1% during the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after acquiring an additional 367,634 shares during the last quarter. Hedge funds and other institutional investors own 33.53% of the company’s stock.

GOOGL has been the subject of several research analyst reports. UBS restated an “overweight” rating on shares of Alphabet in a research note on Thursday, August 24th. Robert W. Baird restated an “outperform” rating and set a $1,100.00 price target on shares of Alphabet in a research note on Saturday, August 26th. Monness Crespi & Hardt restated a “buy” rating on shares of Alphabet in a research note on Saturday, August 26th. Credit Suisse Group restated an “outperform” rating on shares of Alphabet in a research note on Thursday, August 31st. Finally, SunTrust Banks restated a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. Alphabet presently has an average rating of “Buy” and a consensus price target of $1,089.17.

Alphabet Inc (GOOGL) opened at $1,079.78 on Wednesday. The company has a market capitalization of $745,060.00, a PE ratio of 35.89, a P/E/G ratio of 1.80 and a beta of 0.90. Alphabet Inc has a 1-year low of $789.62 and a 1-year high of $1,086.49. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating analysts’ consensus estimates of $8.43 by $1.14. The firm 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 quarter in the prior year, the business posted $9.06 earnings per share. equities analysts forecast that Alphabet Inc will post 32.34 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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