Marshall Wace North America L.P. lowered its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 26.1% during the 1st quarter, Holdings Channel reports. The firm owned 196,856 shares of the information services provider’s stock after selling 69,593 shares during the quarter. Alphabet accounts for about 1.6% of Marshall Wace North America L.P.’s investment portfolio, making the stock its 8th largest holding. Marshall Wace North America L.P.’s holdings in Alphabet were worth $231,679,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in GOOGL. Fagan Associates Inc. grew its position in Alphabet by 3.1% during the 3rd quarter. Fagan Associates Inc. now owns 9,952 shares of the information services provider’s stock worth $12,013,000 after acquiring an additional 303 shares during the last quarter. Johanson Financial Advisors Inc. grew its position in Alphabet by 3.7% during the 3rd quarter. Johanson Financial Advisors Inc. now owns 1,927 shares of the information services provider’s stock worth $2,314,000 after acquiring an additional 68 shares during the last quarter. ING Groep NV grew its position in Alphabet by 5.3% during the 3rd quarter. ING Groep NV now owns 68,995 shares of the information services provider’s stock worth $83,282,000 after acquiring an additional 3,466 shares during the last quarter. Lincoln National Corp grew its position in Alphabet by 9.2% during the 3rd quarter. Lincoln National Corp now owns 2,002 shares of the information services provider’s stock worth $2,416,000 after acquiring an additional 169 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Alphabet by 1,004.7% during the 3rd quarter. SG Americas Securities LLC now owns 72,407 shares of the information services provider’s stock worth $87,401,000 after acquiring an additional 80,410 shares during the last quarter. 33.50% of the stock is currently owned by institutional investors.

NASDAQ:GOOGL traded down $4.71 during trading hours on Friday, hitting $1,086.30. 1,226,731 shares of the stock were exchanged, compared to its average volume of 1,574,309. Alphabet Inc has a twelve month low of $977.66 and a twelve month high of $1,296.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.93 and a current ratio of 3.96. The company has a market cap of $754.16 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 1.28 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.56 by $1.34. The firm had revenue of $29.48 billion for the quarter, compared to the consensus estimate of $29.99 billion. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. During the same quarter in the prior year, the business earned $13.33 EPS. On average, equities analysts predict that Alphabet Inc will post 48.44 EPS for the current fiscal year.

A number of equities research analysts recently commented on GOOGL shares. Pivotal Research started coverage on Alphabet in a research report on Wednesday, May 29th. They set a “hold” rating and a $1,250.00 price target on the stock. JMP Securities restated an “outperform” rating and set a $1,375.00 price target (up from $1,300.00) on shares of Alphabet in a research report on Tuesday, April 30th. Stifel Nicolaus lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price target on the stock. in a research report on Tuesday, April 30th. BMO Capital Markets increased their price target on Alphabet from $1,100.00 to $1,200.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. They noted that the move was a valuation call. Finally, Nomura decreased their price target on Alphabet from $1,310.00 to $1,300.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $1,324.89.

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Alphabet Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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