BARING ASSET MANAGEMENT Ltd maintained its stake in Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,425 shares of the company’s stock at the end of the second quarter. BARING ASSET MANAGEMENT Ltd’s holdings in Alphabet were worth $2,410,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Investec Asset Management LTD raised its position in Alphabet by 944.0% in the first quarter. Investec Asset Management LTD now owns 326,855 shares of the company’s stock worth $249,358,000 after buying an additional 295,547 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in Alphabet during the first quarter worth $218,533,000. Canada Pension Plan Investment Board raised its position in Alphabet by 54.1% in the first quarter. Canada Pension Plan Investment Board now owns 547,569 shares of the company’s stock worth $417,740,000 after buying an additional 192,350 shares during the last quarter. Renaissance Technologies LLC bought a new position in Alphabet during the first quarter worth $125,115,000. Finally, Alecta Pensionsforsakring Omsesidigt raised its position in Alphabet by 7.7% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,687,100 shares of the company’s stock worth $1,186,048,000 after buying an additional 121,000 shares during the last quarter. Institutional investors own 34.12% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOGL) traded down 0.95% during trading on Thursday, reaching $804.08. The company’s stock had a trading volume of 1,368,978 shares. The stock has a 50-day moving average of $800.96 and a 200 day moving average of $760.94. The firm has a market capitalization of $552.62 billion, a P/E ratio of 31.16 and a beta of 1.00. Alphabet Inc. has a one year low of $670.70 and a one year high of $819.86.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. On average, equities research analysts predict that Alphabet Inc. will post $34.11 EPS for the current fiscal year.
Several brokerages have recently commented on GOOGL. Royal Bank Of Canada reissued an “outperform” rating and set a $1,000.00 price objective on shares of Alphabet in a report on Tuesday, June 28th. Deutsche Bank AG reissued a “buy” rating on shares of Alphabet in a report on Sunday, July 10th. Robert W. Baird reissued a “buy” rating on shares of Alphabet in a report on Sunday, July 17th. Credit Suisse Group AG reissued a “buy” rating and set a $920.00 price objective on shares of Alphabet in a report on Sunday, July 17th. Finally, Bank of America Corp. reissued a “buy” rating and set a $925.00 price objective on shares of Alphabet in a report on Sunday, July 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, forty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and an average price target of $926.50.
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.
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL).
Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.