Baillie Gifford & Co. decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 10.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 156,725 shares of the company’s stock after selling 18,579 shares during the period. Baillie Gifford & Co.’s holdings in Alphabet were worth $110,261,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of GOOGL. State Street Corp raised its stake in shares of Alphabet by 0.4% in the first quarter. State Street Corp now owns 11,181,006 shares of the company’s stock worth $8,529,984,000 after buying an additional 39,282 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Alphabet by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,618,239 shares of the company’s stock worth $5,811,955,000 after buying an additional 44,888 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Alphabet by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 4,096,211 shares of the company’s stock worth $2,881,806,000 after buying an additional 14,001 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Alphabet by 4.4% in the first quarter. Geode Capital Management LLC now owns 2,552,124 shares of the company’s stock worth $1,943,342,000 after buying an additional 106,872 shares during the last quarter. Finally, BlackRock Group LTD raised its stake in shares of Alphabet by 0.5% in the first quarter. BlackRock Group LTD now owns 2,332,888 shares of the company’s stock worth $1,779,758,000 after buying an additional 12,105 shares during the last quarter. Institutional investors own 34.15% of the company’s stock.
Shares of Alphabet Inc. (NASDAQ:GOOGL) opened at 821.49 on Wednesday. The firm’s 50-day moving average is $802.76 and its 200-day moving average is $762.22. Alphabet Inc. has a 12-month low of $670.70 and a 12-month high of $828.81. The company has a market capitalization of $564.59 billion, a PE ratio of 31.83 and a beta of 1.00.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $8.42 EPS for the quarter, topping analysts’ consensus estimates of $8.04 by $0.38. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. On average, equities research analysts anticipate that Alphabet Inc. will post $34.11 EPS for the current fiscal year.
GOOGL has been the subject of several research analyst reports. Mizuho reissued a “buy” rating and issued a $1,020.00 price objective (up from $1,010.00) on shares of Alphabet in a report on Sunday, July 31st. Bank of America Corp. reissued a “buy” rating and issued a $960.00 price objective on shares of Alphabet in a report on Monday, September 26th. Macquarie reissued an “outperform” rating on shares of Alphabet in a report on Tuesday, July 19th. Evercore ISI reissued a “buy” rating and issued a $830.00 price objective on shares of Alphabet in a report on Tuesday, July 26th. Finally, JMP Securities boosted their price objective on Alphabet from $904.00 to $928.00 and gave the company a “market outperform” rating in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, forty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $929.27.
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. 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.
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