Two Sigma Securities LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.2% during the first quarter, Holdings Channel reports. The fund owned 1,233 shares of the information services provider’s stock after selling 41 shares during the period. Two Sigma Securities LLC’s holdings in Alphabet were worth $1,045,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Delta Asset Management LLC TN boosted its position in Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after buying an additional 2 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its position in Alphabet by 58.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after buying an additional 56 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in Alphabet by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 170 shares of the information services provider’s stock valued at $135,000 after buying an additional 1 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in Alphabet by 22.6% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 179 shares of the information services provider’s stock valued at $152,000 after buying an additional 33 shares during the last quarter. Finally, Cordasco Financial Network boosted its position in Alphabet by 2.2% in the first quarter. Cordasco Financial Network now owns 235 shares of the information services provider’s stock valued at $199,000 after buying an additional 5 shares during the last quarter. 34.31% of the stock is owned by hedge funds and other institutional investors.

Shares of Alphabet Inc. (GOOGL) traded up 0.70% on Friday, hitting $930.09. The company had a trading volume of 1,616,708 shares. Alphabet Inc. has a 12-month low of $743.59 and a 12-month high of $1,008.61. The company has a market cap of $644.44 billion, a price-to-earnings ratio of 33.71 and a beta of 0.99. The company has a 50 day moving average of $956.22 and a 200-day moving average of $908.99.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the consensus estimate of $8.25 by $3.24. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company had revenue of $20.92 billion for the quarter, compared to analysts’ expectations of $20.83 billion. During the same quarter in the prior year, the firm earned $8.42 earnings per share. On average, analysts forecast that Alphabet Inc. will post $30.59 earnings per share for the current year.

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Several research analysts have recently issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $1,032.00 price objective on shares of Alphabet in a research report on Friday, April 28th. MKM Partners reaffirmed a “buy” rating and set a $1,000.00 price objective on shares of Alphabet in a research report on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $1,000.00 price objective on shares of Alphabet in a research report on Tuesday, April 18th. Instinet reaffirmed a “buy” rating and set a $925.00 price objective on shares of Alphabet in a research report on Tuesday, April 25th. Finally, Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $962.00 price objective for the company in a research report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. Alphabet currently has an average rating of “Buy” and a consensus target price of $1,049.20.

Alphabet Company 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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