Signature Estate & Investment Advisors LLC grew its holdings in Alphabet by 3.8% in the 2nd quarter.
New Jersey Better Educational Savings Trust trimmed its position in Alphabet Inc (NASDAQ:GOOG) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider's stock worth $2,911,734,000 after purchasing an additional 2,831,099 shares in the last quarter. Alphabet accounts for approximately 2.8% of New Jersey Better Educational Savings Trust's investment portfolio, making the stock its 5th biggest holding.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Odey Holdings AG boosted its stake in Alphabet by 18.2% in the 2nd quarter. GaveKal Capital LLC now owns 11,944 shares of the company's stock valued at $8,403,000 after buying an additional 1,387 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of Alphabet by 17.0% in the third quarter. Burt Wealth Advisors now owns 136 shares of the information services provider's stock worth $123,000 after buying an additional 20 shares in the last quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider's stock worth $1,160,000 after purchasing an additional 1,161,184 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in shares of Alphabet by 3.9% in the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider's stock worth $147,000 after buying an additional 7 shares in the last quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider's stock worth $118,000 after purchasing an additional 36 shares during the period. Following the completion of the transaction, the chief executive officer now owns 1,031 shares of the company's stock, valued at approximately $1,098,231.51.
Alphabet Inc is a holding company.
Shares of Alphabet Inc (NASDAQ:GOOG) have received a consensus rating of "Buy" from the forty-six research firms that are now covering the stock, Marketbeat Ratings reports. The firm has a market cap of $783,260.00, a price-to-earnings ratio of 37.66, a P/E/G ratio of 1.45 and a beta of 0.90. Alphabet Inc has a 1-year low of $790.52 and a 1-year high of $1,124.29. The company's 50 day moving average price is $822.29 and its 200 day moving average price is $802.41.
Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 26th. During the same period last year, the company earned $9.06 EPS. equities analysts predict that Alphabet will post 32.34 earnings per share for the current year. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same quarter a year ago, the firm earned $9.06 EPS.
Several research analysts recently weighed in on GOOGL shares. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Alphabet in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of Alphabet from a "buy" rating to a "hold" rating in a research report on Tuesday, January 31st. Bank of America reiterated a "buy" rating and issued a $1,100.00 price target on shares of Alphabet in a research report on Tuesday, September 26th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $935.00 price target (up previously from $925.00) on shares of Alphabet in a research report on Tuesday, January 31st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company's stock. The average 12 month price objective among brokerages that have issued a report on the stock in the a year ago is $1,038.09. 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 Company holds interests in Google Inc (Google). Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.