Saratoga Research & Investment Management increased its holdings in Alphabet Inc (NASDAQ:GOOGL) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,641 shares of the information services provider’s stock after acquiring an additional 1,310 shares during the period. Alphabet comprises about 1.7% of Saratoga Research & Investment Management’s holdings, making the stock its 26th largest holding. Saratoga Research & Investment Management’s holdings in Alphabet were worth $24,967,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Koch Industries Inc. raised its stake in shares of Alphabet by 181,219.4% during the 2nd quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock worth $1,085,000 after purchasing an additional 1,085,504 shares in the last quarter. Harbour Capital Advisors LLC raised its stake in shares of Alphabet by 65,026.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock worth $800,000 after purchasing an additional 742,602 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Alphabet by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after purchasing an additional 662,279 shares in the last quarter. BlackRock Inc. raised its stake in shares of Alphabet by 3.1% during the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after purchasing an additional 567,337 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Alphabet by 2.1% during the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after purchasing an additional 367,634 shares in the last quarter. 33.55% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,199.00 price target for the company in a research note on Tuesday. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,120.76 price target for the company in a research note on Tuesday. Pivotal Research reaffirmed a “hold” rating and set a $990.00 price target on shares of Alphabet in a research note on Sunday, October 29th. Stifel Nicolaus increased their price objective on Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Citigroup reissued a “buy” rating on shares of Alphabet in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $1,091.54.

Shares of Alphabet Inc (GOOGL) opened at $1,065.85 on Wednesday. The stock has a market capitalization of $742,645.00, a P/E ratio of 35.68, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet Inc has a fifty-two week low of $789.62 and a fifty-two week high of $1,086.49.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $8.43 by $1.14. The firm had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same quarter last year, the firm posted $9.06 EPS. equities research 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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