Handelsbanken Fonder AB raised its stake in Alphabet Inc (NASDAQ:GOOGL) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,000 shares of the information services provider’s stock after purchasing an additional 2,000 shares during the period. Handelsbanken Fonder AB’s holdings in Alphabet were worth $41,870,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Koch Industries Inc. grew its holdings in shares of Alphabet by 181,219.4% during the second quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock valued at $1,085,000 after buying an additional 1,085,504 shares during the last quarter. Harbour Capital Advisors LLC grew its holdings in shares of Alphabet by 65,026.4% during the second quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock valued at $800,000 after buying an additional 742,602 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Alphabet by 3.3% during the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after buying an additional 662,279 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Alphabet by 3.1% during the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after buying an additional 567,337 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Alphabet by 2.1% during the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock valued at $16,406,366,000 after buying an additional 367,634 shares during the last quarter. 33.53% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on GOOGL shares. Evercore ISI started coverage on shares of Alphabet in a report on Tuesday, December 5th. They set an “outperform” rating on the stock. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,055.90 price target on the stock in a report on Monday, December 4th. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Citigroup restated a “buy” rating on shares of Alphabet in a report on Monday, October 30th. Finally, Stifel Nicolaus boosted their price target on shares of Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, forty have given a buy rating and one has given a strong buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and an average target price of $1,089.17.

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at $1,068.86 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The firm has a market cap of $739,590.00, a P/E ratio of 35.60, a P/E/G ratio of 1.80 and a beta of 0.90. Alphabet Inc has a twelve month low of $789.62 and a twelve month high of $1,086.49.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.43 by $1.14. The business had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same quarter in the prior year, the firm posted $9.06 EPS. analysts forecast that Alphabet Inc will post 32.34 earnings per share for the current fiscal year.

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Alphabet Company 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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