LSV Asset Management raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 15.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,844 shares of the company’s stock after buying an additional 644 shares during the period. LSV Asset Management’s holdings in Alphabet were worth $3,407,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of Montreal Can purchased a new position in shares of Alphabet during the second quarter valued at about $761,801,000. Emerald Acquisition Ltd. purchased a new position in shares of Alphabet during the second quarter valued at about $400,022,000. Boston Partners boosted its position in shares of Alphabet by 150.0% in the second quarter. Boston Partners now owns 810,490 shares of the company’s stock valued at $570,204,000 after buying an additional 486,266 shares during the period. Investec Asset Management LTD boosted its position in shares of Alphabet by 944.0% in the first quarter. Investec Asset Management LTD now owns 326,855 shares of the company’s stock valued at $249,358,000 after buying an additional 295,547 shares during the period. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of Alphabet during the first quarter valued at about $218,533,000. 34.12% of the stock is owned by institutional investors.
Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.45% during midday trading on Tuesday, hitting $804.00. 580,264 shares of the stock were exchanged. The company has a market cap of $552.57 billion, a price-to-earnings ratio of 31.15 and a beta of 1.00. The firm has a 50 day moving average of $799.96 and a 200-day moving average of $758.54. Alphabet Inc. has a one year low of $654.49 and a one year high of $819.06.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. Equities analysts expect that Alphabet Inc. will post $34.26 EPS for the current year.
Several research analysts have issued reports on the stock. Jefferies Group reaffirmed a “buy” rating and issued a $1,000.00 target price on shares of Alphabet in a report on Monday. RBC Capital Markets reiterated an “outperform” rating and issued a $1,025.00 price target (up from $1,000.00) on shares of Alphabet in a research note on Friday. Royal Bank Of Canada lifted their price target on shares of Alphabet from $1,000.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley reiterated a “buy” rating and issued a $880.00 price target on shares of Alphabet in a research note on Thursday, September 29th. Finally, Wedbush lowered shares of Alphabet from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $7.20 to $800.00 in a research note on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, forty-seven have given a buy rating and one has given a strong buy rating to the company. Alphabet has a consensus rating of “Buy” and a consensus target price of $924.78.
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.