Private Wealth Partners LLC trimmed its stake in Alphabet Inc (NASDAQ:GOOGL) by 1.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 24,418 shares of the information services provider’s stock after selling 420 shares during the quarter. Alphabet makes up about 4.8% of Private Wealth Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Private Wealth Partners LLC’s holdings in Alphabet were worth $23,776,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Alphabet by 3.3% during the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after acquiring an additional 662,279 shares during the period. BlackRock Inc. grew its holdings in Alphabet by 3.1% during the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after acquiring an additional 567,337 shares during the period. FMR LLC grew its holdings in Alphabet by 2.1% during the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after acquiring an additional 367,634 shares during the period. Capital Research Global Investors grew its holdings in Alphabet by 2.4% during the second quarter. Capital Research Global Investors now owns 4,308,195 shares of the information services provider’s stock worth $4,005,243,000 after acquiring an additional 102,133 shares during the period. Finally, Capital World Investors grew its holdings in Alphabet by 7.8% during the second quarter. Capital World Investors now owns 3,879,982 shares of the information services provider’s stock worth $3,607,142,000 after acquiring an additional 280,710 shares during the period. Institutional investors own 33.59% of the company’s stock.

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at $1,164.16 on Tuesday. Alphabet Inc has a 1-year low of $812.05 and a 1-year high of $1,166.88. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $806,730.00, a P/E ratio of 38.78, a P/E/G ratio of 1.49 and a beta of 0.90.

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 Thomson Reuters’ consensus estimate of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $22.27 billion during the quarter, compared to analyst estimates of $21.94 billion. During the same period in the previous year, the company earned $9.06 EPS. analysts predict that Alphabet Inc will post 32.36 earnings per share for the current year.

A number of equities analysts recently weighed in on the company. KeyCorp reissued an “overweight” rating and issued a $1,280.00 price target (up previously from $1,150.00) on shares of Alphabet in a research note on Friday. Zacks Investment Research cut Alphabet from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. SunTrust Banks dropped their price target on Alphabet from $1,250.00 to $1,180.00 in a research note on Monday, January 15th. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,179.78 price target on the stock in a research note on Monday, January 8th. Finally, Cowen lifted their price target on Alphabet from $1,150.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $1,101.79.

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About Alphabet

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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