ERTS Wealth Advisors LLC raised its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 9.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 810 shares of the information services provider’s stock after purchasing an additional 71 shares during the period. ERTS Wealth Advisors LLC’s holdings in Alphabet were worth $877,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GOOGL. Xact Kapitalforvaltning AB lifted its holdings in shares of Alphabet by 2.3% during the 4th quarter. Xact Kapitalforvaltning AB now owns 55,192 shares of the information services provider’s stock valued at $57,673,000 after buying an additional 1,245 shares during the period. Telos Capital Management Inc. lifted its holdings in shares of Alphabet by 6.2% during the 4th quarter. Telos Capital Management Inc. now owns 3,010 shares of the information services provider’s stock valued at $3,146,000 after buying an additional 177 shares during the period. Sigma Planning Corp lifted its holdings in shares of Alphabet by 8.1% during the 4th quarter. Sigma Planning Corp now owns 4,698 shares of the information services provider’s stock valued at $4,910,000 after buying an additional 352 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Alphabet by 13.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 280 shares of the information services provider’s stock valued at $293,000 after buying an additional 33 shares during the period. Finally, Private Ocean LLC lifted its holdings in shares of Alphabet by 26.7% during the 4th quarter. Private Ocean LLC now owns 114 shares of the information services provider’s stock valued at $119,000 after buying an additional 24 shares during the period. Institutional investors and hedge funds own 33.81% of the company’s stock.

Several research firms have recently weighed in on GOOGL. KeyCorp reissued an “overweight” rating and set a $1,516.00 price target (up from $1,430.00) on shares of Alphabet in a report on Friday, July 26th. Credit Suisse Group raised their target price on Alphabet from $1,400.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. China Renaissance Securities began coverage on Alphabet in a report on Wednesday, May 29th. They issued a “hold” rating and a $1,270.00 target price on the stock. JMP Securities raised their target price on Alphabet to $1,450.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, Needham & Company LLC set a $1,350.00 target price on Alphabet and gave the stock a “buy” rating in a report on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and a consensus target price of $1,373.76.

NASDAQ:GOOGL traded up $2.01 on Friday, reaching $1,236.98. 164,726 shares of the company’s stock traded hands, compared to its average volume of 1,133,439. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of $1,191.17 and a 200-day simple moving average of $1,166.46. The firm has a market cap of $836.03 billion, a PE ratio of 26.04, a P/E/G ratio of 1.34 and a beta of 0.99. Alphabet Inc has a 12 month low of $977.66 and a 12 month high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, beating the Zacks’ consensus estimate of $11.49 by $2.72. The business had revenue of $31.71 billion for the quarter, compared to analysts’ expectations of $30.90 billion. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. On average, equities analysts anticipate that Alphabet Inc will post 51.29 earnings per share for the current year.

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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