Mitsubishi UFJ Asset Management UK Ltd. increased its holdings in Alphabet Inc (NASDAQ:GOOGL) by 18.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,700 shares of the information services provider’s stock after acquiring an additional 740 shares during the quarter. Alphabet makes up about 3.6% of Mitsubishi UFJ Asset Management UK Ltd.’s holdings, making the stock its 4th biggest position. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Alphabet were worth $4,950,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Alphabet by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after buying an additional 662,279 shares during the last quarter. BlackRock Inc. grew its position in Alphabet by 3.1% in the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after buying an additional 567,337 shares during the last quarter. FMR LLC grew its position in Alphabet by 2.1% in the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock valued at $16,406,366,000 after buying an additional 367,634 shares during the last quarter. Capital Research Global Investors grew its position in Alphabet by 2.4% in the 2nd quarter. Capital Research Global Investors now owns 4,308,195 shares of the information services provider’s stock valued at $4,005,243,000 after buying an additional 102,133 shares during the last quarter. Finally, Capital World Investors grew its position in Alphabet by 7.8% in the 2nd quarter. Capital World Investors now owns 3,879,982 shares of the information services provider’s stock valued at $3,607,142,000 after buying an additional 280,710 shares during the last quarter. 34.37% of the stock is currently owned by institutional investors and hedge funds.

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Alphabet stock opened at $1,094.00 on Thursday. Alphabet Inc has a one year low of $824.30 and a one year high of $1,198.00. The company has a current ratio of 5.14, a quick ratio of 5.11 and a debt-to-equity ratio of 0.03. The company has a market cap of $761,343.25, a PE ratio of 34.23, a PEG ratio of 1.17 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the Zacks’ consensus estimate of $10.12 by ($0.42). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The company had revenue of $25.87 billion for the quarter, compared to analyst estimates of $25.65 billion. sell-side analysts forecast that Alphabet Inc will post 41.21 earnings per share for the current year.

Alphabet announced that its Board of Directors has initiated a share buyback program on Thursday, February 1st that permits the company to buyback $8.59 billion in shares. This buyback authorization permits the information services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

A number of equities analysts recently weighed in on the stock. Wells Fargo reiterated a “buy” rating and issued a $1,275.00 price objective on shares of Alphabet in a research report on Friday, February 2nd. Cowen boosted their target price on shares of Alphabet from $1,150.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. Oppenheimer boosted their target price on shares of Alphabet from $1,180.00 to $1,340.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. William Blair restated an “outperform” rating on shares of Alphabet in a research report on Thursday, February 1st. Finally, SunTrust Banks restated a “buy” rating and set a $1,250.00 target price on shares of Alphabet in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $1,167.67.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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