Twin Capital Management Inc. increased its holdings in Alphabet Inc (NASDAQ:GOOGL) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,395 shares of the information services provider’s stock after purchasing an additional 2,340 shares during the period. Alphabet accounts for 1.7% of Twin Capital Management Inc.’s holdings, making the stock its 4th biggest holding. Twin Capital Management Inc.’s holdings in Alphabet were worth $32,517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOGL. Dai Ichi Life Insurance Company Ltd increased its stake in Alphabet by 2.2% in the 3rd quarter. Dai Ichi Life Insurance Company Ltd now owns 43,944 shares of the information services provider’s stock worth $42,789,000 after acquiring an additional 943 shares during the last quarter. Reynders McVeigh Capital Management LLC increased its position in shares of Alphabet by 4.1% during the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 21,091 shares of the information services provider’s stock valued at $20,537,000 after purchasing an additional 837 shares during the last quarter. Iberiabank Corp increased its position in shares of Alphabet by 347.5% during the 3rd quarter. Iberiabank Corp now owns 1,996 shares of the information services provider’s stock valued at $1,998,000 after purchasing an additional 1,550 shares during the last quarter. Concourse Capital Management LLC increased its position in shares of Alphabet by 4.9% during the 3rd quarter. Concourse Capital Management LLC now owns 7,509 shares of the information services provider’s stock valued at $7,312,000 after purchasing an additional 348 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Alphabet by 9.6% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,239 shares of the information services provider’s stock valued at $23,602,000 after purchasing an additional 2,127 shares during the last quarter. 33.60% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. William Blair reissued an “outperform” rating on shares of Alphabet in a research report on Thursday, February 1st. Vetr raised Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,243.88 target price on the stock in a research report on Monday, February 5th. Barclays boosted their target price on Alphabet from $1,260.00 to $1,330.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,150.00 target price on the stock. in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and an average price target of $1,157.02.

Shares of Alphabet Inc (NASDAQ GOOGL) opened at $1,054.14 on Wednesday. Alphabet Inc has a 1-year low of $824.30 and a 1-year high of $1,198.00. The firm has a market capitalization of $731,640.00, a price-to-earnings ratio of 58.69, a price-to-earnings-growth ratio of 1.09 and a beta of 0.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $10.12 by ($0.42). Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The firm had revenue of $25.87 billion during the quarter, compared to analysts’ expectations of $25.65 billion. sell-side analysts predict that Alphabet Inc will post 42.51 earnings per share for the current fiscal year.

Alphabet announced that its Board of Directors has authorized a stock buyback program on Thursday, February 1st that permits the company to repurchase $8.59 billion in shares. This repurchase authorization permits the information services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

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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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