Legal & General Group Plc increased its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 2.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,311,722 shares of the information services provider’s stock after buying an additional 29,002 shares during the quarter. Alphabet comprises 1.1% of Legal & General Group Plc’s holdings, making the stock its 10th largest position. Legal & General Group Plc owned 0.19% of Alphabet worth $1,583,342,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Leavell Investment Management Inc. grew its stake in shares of Alphabet by 3.8% in the third quarter. Leavell Investment Management Inc. now owns 1,355 shares of the information services provider’s stock valued at $1,636,000 after buying an additional 50 shares in the last quarter. Ontario Teachers Pension Plan Board grew its stake in shares of Alphabet by 66.2% in the third quarter. Ontario Teachers Pension Plan Board now owns 76,862 shares of the information services provider’s stock valued at $92,779,000 after buying an additional 30,611 shares in the last quarter. Oakworth Capital Inc. grew its stake in shares of Alphabet by 26.7% in the third quarter. Oakworth Capital Inc. now owns 437 shares of the information services provider’s stock valued at $527,000 after buying an additional 92 shares in the last quarter. TTP Investments Inc. grew its stake in shares of Alphabet by 35.8% in the third quarter. TTP Investments Inc. now owns 6,802 shares of the information services provider’s stock valued at $8,211,000 after buying an additional 1,793 shares in the last quarter. Finally, Regentatlantic Capital LLC grew its stake in shares of Alphabet by 213.3% in the third quarter. Regentatlantic Capital LLC now owns 7,074 shares of the information services provider’s stock valued at $8,539,000 after buying an additional 4,816 shares in the last quarter. Hedge funds and other institutional investors own 42.53% of the company’s stock.

A number of equities research analysts have recently weighed in on GOOGL shares. Canaccord Genuity raised Alphabet from a “hold” rating to a “buy” rating and lifted their price objective for the company from $1,140.00 to $1,250.00 in a research note on Thursday, January 3rd. Jefferies Financial Group set a $1,200.00 price objective on Alphabet and gave the company a “buy” rating in a research note on Thursday, December 20th. Guggenheim started coverage on Alphabet in a research note on Thursday, December 6th. They issued a “buy” rating and a $1,330.00 price objective for the company. Nomura reaffirmed a “buy” rating and issued a $1,400.00 price objective on shares of Alphabet in a research note on Tuesday, December 4th. Finally, ValuEngine raised Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, December 1st. Three analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $1,314.86.

NASDAQ:GOOGL opened at $1,190.30 on Friday. The stock has a market cap of $827.48 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. Alphabet Inc has a 1 year low of $977.66 and a 1 year high of $1,291.44. The company has a quick ratio of 3.89, a current ratio of 3.92 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $11.08 by $1.69. The business had revenue of $31.84 billion during the quarter, compared to analysts’ expectations of $31.28 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. During the same period in the prior year, the firm posted $9.70 EPS. As a group, research analysts forecast that Alphabet Inc will post 47.38 earnings per share for the current year.

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Alphabet Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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