Morse Asset Management Inc lifted its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,761 shares of the information services provider’s stock after purchasing an additional 61 shares during the period. Alphabet accounts for about 2.3% of Morse Asset Management Inc’s holdings, making the stock its 8th biggest position. Morse Asset Management Inc’s holdings in Alphabet were worth $7,557,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Alphabet by 3.3% in 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 period. BlackRock Inc. increased its stake in shares of Alphabet by 3.1% in the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after purchasing an additional 567,337 shares in the last quarter. FMR LLC increased its stake in shares of Alphabet by 2.1% in the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after purchasing an additional 367,634 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Alphabet by 2.4% in the second quarter. Capital Research Global Investors now owns 4,308,195 shares of the information services provider’s stock worth $4,005,243,000 after purchasing an additional 102,133 shares in the last quarter. Finally, Capital World Investors increased its stake in shares of Alphabet by 7.8% in the second quarter. Capital World Investors now owns 3,879,982 shares of the information services provider’s stock worth $3,607,142,000 after purchasing an additional 280,710 shares in the last quarter. 33.55% of the stock is currently owned by institutional investors.

Alphabet Inc (NASDAQ:GOOGL) opened at $1,114.21 on Tuesday. 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 Inc has a 12 month low of $812.05 and a 12 month high of $1,119.16. The company has a market cap of $771,330.00, a P/E ratio of 37.12, a price-to-earnings-growth ratio of 1.45 and a beta of 0.90.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Zacks’ consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. During the same quarter in the previous year, the company earned $9.06 EPS. sell-side analysts expect that Alphabet Inc will post 32.34 earnings per share for the current year.

GOOGL has been the subject of several recent research reports. SunTrust Banks reiterated a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Saturday, September 23rd. Cantor Fitzgerald reiterated a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Tuesday, October 24th. Zacks Investment Research downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 target price for the company. in a research note on Friday, October 6th. Finally, Citigroup reiterated a “buy” rating and issued a $1,180.00 target price on shares of Alphabet in a research note on Tuesday, October 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have given a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $1,097.41.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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