Walter & Keenan Financial Consulting Co. MI ADV continued to hold its position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,094 shares of the information services provider’s stock at the end of the 2nd quarter. Alphabet comprises approximately 1.4% of Walter & Keenan Financial Consulting Co. MI ADV’s portfolio, making the stock its 19th biggest holding. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Alphabet were worth $2,876,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its position in Alphabet by 1.2% during the first quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after buying an additional 142,214 shares during the period. Canada Pension Plan Investment Board grew its position in Alphabet by 7.0% during the second quarter. Canada Pension Plan Investment Board now owns 1,316,448 shares of the information services provider’s stock valued at $1,223,875,000 after buying an additional 85,800 shares during the period. Bank of Montreal Can grew its position in Alphabet by 0.8% during the second quarter. Bank of Montreal Can now owns 1,094,698 shares of the information services provider’s stock valued at $1,017,719,000 after buying an additional 8,375 shares during the period. Fisher Asset Management LLC grew its position in Alphabet by 2.6% during the first quarter. Fisher Asset Management LLC now owns 1,071,363 shares of the information services provider’s stock valued at $908,302,000 after buying an additional 27,598 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in Alphabet by 4.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,038,084 shares of the information services provider’s stock valued at $965,086,000 after buying an additional 43,543 shares during the period. Hedge funds and other institutional investors own 33.87% of the company’s stock.

GOOGL has been the subject of a number of research reports. Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Thursday. Vetr upgraded shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,004.07 target price for the company in a research report on Tuesday. Citigroup Inc reiterated a “buy” rating on shares of Alphabet in a research report on Monday, October 30th. Stifel Nicolaus increased their target price on shares of Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Pivotal Research reiterated a “hold” rating and set a $990.00 target price on shares of Alphabet in a research report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $1,088.02.

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Alphabet Inc. (GOOGL) opened at $1,049.99 on Friday. The stock has a market cap of $722.65 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 1.76 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. During the same quarter in the previous year, the business earned $9.06 EPS. analysts anticipate that Alphabet Inc. will post 32.17 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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