Todays Report: Today, Alphabet Inc. (GOOGL) Stake Increased by Atalanta Sosnoff Capital LLC

Today, Alphabet Inc. (GOOGL) Stake Increased by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,641 shares of the company’s stock after buying an additional 2,050 shares during the period. Alphabet accounts for about 4.2% of Atalanta Sosnoff Capital LLC’s portfolio, making the stock its largest position. Atalanta Sosnoff Capital LLC’s holdings in Alphabet were worth $121,124,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GOOGL. Legal & General Group Plc increased its position in shares of Alphabet by 2.2% in the first quarter. Legal & General Group Plc now owns 1,329,549 shares of the company’s stock valued at $1,014,386,000 after buying an additional 28,647 shares in the last quarter. Zurich Insurance Group Ltd FI boosted its stake in Alphabet by 2.9% in the first quarter. Zurich Insurance Group Ltd FI now owns 47,560 shares of the company’s stock valued at $36,284,000 after buying an additional 1,328 shares during the last quarter. Wealthsource Partners LLC purchased a new stake in Alphabet during the first quarter valued at approximately $519,000. Princeton Portfolio Strategies Group LLC boosted its stake in Alphabet by 0.8% in the first quarter. Princeton Portfolio Strategies Group LLC now owns 2,239 shares of the company’s stock valued at $1,708,000 after buying an additional 18 shares during the last quarter. Finally, National Pension Service boosted its stake in Alphabet by 4.2% in the first quarter. National Pension Service now owns 138,768 shares of the company’s stock valued at $105,866,000 after buying an additional 5,633 shares during the last quarter. Institutional investors own 34.14% of the company’s stock.

Alphabet Inc. (NASDAQ:GOOGL) traded up 0.16% on Friday, reaching $780.23. 613,549 shares of the company were exchanged. The firm has a market capitalization of $537.76 billion, a PE ratio of 28.56 and a beta of 0.92. Alphabet Inc. has a 12-month low of $672.66 and a 12-month high of $839.00. The stock has a 50 day moving average of $800.21 and a 200 day moving average of $771.86.

Several analysts have commented on the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a $900.00 target price on shares of Alphabet in a research note on Monday, October 24th. Nomura reaffirmed a “buy” rating and issued a $925.00 target price on shares of Alphabet in a research note on Wednesday, October 26th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $1,025.00 target price on shares of Alphabet in a research note on Wednesday, October 26th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $930.00 target price on shares of Alphabet in a research note on Thursday, October 20th. Finally, Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $940.44.

About Alphabet

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

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