Sit Investment Associates Inc. boosted its stake in Alphabet Inc Class A (NASDAQ:GOOGL) by 0.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 22,702 shares of the information services provider’s stock after purchasing an additional 85 shares during the period. Sit Investment Associates Inc.’s holdings in Alphabet Inc Class A were worth $25,635,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hollencrest Capital Management raised its holdings in shares of Alphabet Inc Class A by 4.1% in the second quarter. Hollencrest Capital Management now owns 1,132 shares of the information services provider’s stock valued at $1,279,000 after buying an additional 45 shares during the last quarter. We Are One Seven LLC increased its stake in shares of Alphabet Inc Class A by 5.1% during the first quarter. We Are One Seven LLC now owns 975 shares of the information services provider’s stock worth $1,011,000 after acquiring an additional 47 shares during the period. Budros Ruhlin & Roe Inc. grew its position in Alphabet Inc Class A by 8.5% during the first quarter. Budros Ruhlin & Roe Inc. now owns 611 shares of the information services provider’s stock worth $633,000 after buying an additional 48 shares during the period. BDO Wealth Advisors LLC grew its position in Alphabet Inc Class A by 4.9% during the first quarter. BDO Wealth Advisors LLC now owns 1,025 shares of the information services provider’s stock worth $1,063,000 after buying an additional 48 shares during the period. Finally, BSW Wealth Partners grew its position in Alphabet Inc Class A by 10.7% during the first quarter. BSW Wealth Partners now owns 507 shares of the information services provider’s stock worth $526,000 after buying an additional 49 shares during the period. Hedge funds and other institutional investors own 33.53% of the company’s stock.

Several research analysts have weighed in on the stock. Monness Crespi & Hardt upped their target price on shares of Alphabet Inc Class A from $1,306.00 to $1,415.00 and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Zacks Investment Research lowered shares of Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Canaccord Genuity reissued a “hold” rating and issued a $1,170.00 price objective (up previously from $1,050.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. ValuEngine raised shares of Alphabet Inc Class A from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $1,250.00 price target (up from $1,200.00) on shares of Alphabet Inc Class A in a report on Thursday, June 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-one have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $1,315.01.

Alphabet Inc Class A stock traded up $29.80 during trading hours on Friday, hitting $1,120.54. 2,465,102 shares of the company traded hands, compared to its average volume of 2,002,711. The stock has a market cap of $840.06 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 1.53 and a beta of 1.11. The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02. Alphabet Inc Class A has a 1-year low of $977.08 and a 1-year high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $9.51 by $2.24. The company had revenue of $26.24 billion for the quarter, compared to analysts’ expectations of $25.64 billion. Alphabet Inc Class A had a net margin of 13.16% and a return on equity of 18.24%. During the same quarter in the previous year, the company posted $5.01 EPS. Research analysts expect that Alphabet Inc Class A will post 42.53 earnings per share for the current fiscal year.

About Alphabet Inc Class A

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 Inc Class A (NASDAQ:GOOGL)

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