Van Leeuwen & Company LLC increased its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 2.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 931 shares of the information services provider’s stock after purchasing an additional 21 shares during the period. Van Leeuwen & Company LLC’s holdings in Alphabet were worth $1,008,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Highstreet Asset Management Inc. lifted its position in Alphabet by 2.5% during the second quarter. Highstreet Asset Management Inc. now owns 5,028 shares of the information services provider’s stock valued at $5,444,000 after acquiring an additional 123 shares during the last quarter. AGF Investments LLC lifted its position in Alphabet by 4.3% during the second quarter. AGF Investments LLC now owns 7,143 shares of the information services provider’s stock valued at $7,734,000 after acquiring an additional 292 shares during the last quarter. Alley Co LLC lifted its position in Alphabet by 0.6% during the second quarter. Alley Co LLC now owns 4,244 shares of the information services provider’s stock valued at $4,595,000 after acquiring an additional 24 shares during the last quarter. River Wealth Advisors LLC lifted its position in Alphabet by 1.9% during the second quarter. River Wealth Advisors LLC now owns 2,860 shares of the information services provider’s stock valued at $3,097,000 after acquiring an additional 52 shares during the last quarter. Finally, Dfpg Investments Inc. lifted its position in Alphabet by 173.5% during the second quarter. Dfpg Investments Inc. now owns 1,556 shares of the information services provider’s stock valued at $1,749,000 after acquiring an additional 987 shares during the last quarter. Hedge funds and other institutional investors own 33.96% of the company’s stock.

A number of equities research analysts recently commented on the stock. FBN Securities set a $1,400.00 target price on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, July 26th. Mizuho increased their target price on shares of Alphabet from $1,350.00 to $1,400.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Morgan Stanley increased their target price on shares of Alphabet from $1,400.00 to $1,450.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Needham & Company LLC set a $1,350.00 target price on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, SunTrust Banks reissued a “buy” rating and set a $1,325.00 target price on shares of Alphabet in a research report on Monday, July 22nd. Eight investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $1,371.05.

Shares of NASDAQ:GOOGL traded down $22.54 during midday trading on Wednesday, reaching $1,174.19. The company’s stock had a trading volume of 20,339 shares, compared to its average volume of 1,782,103. The firm has a market capitalization of $829.81 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 1.31 and a beta of 0.97. Alphabet Inc has a twelve month low of $977.66 and a twelve month high of $1,296.97. The firm has a fifty day moving average price of $1,154.57. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 3.96.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $11.49 by $2.72. The firm had revenue of $31.71 billion for the quarter, compared to analyst estimates of $30.90 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. Equities analysts predict that Alphabet Inc will post 51.94 EPS for the current year.

About Alphabet

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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