The Alphabet Inc. (GOOGL) Stake Increased by Robeco Institutional Asset Management B.V.

The Alphabet Inc. (GOOGL) Stake Increased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 307,056 shares of the company’s stock after buying an additional 5,915 shares during the period. Alphabet comprises about 1.6% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 2nd largest position. Robeco Institutional Asset Management B.V.’s holdings in Alphabet were worth $216,022,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GOOGL. Peoples Financial Services CORP. raised its stake in Alphabet by 2.3% in the second quarter. Peoples Financial Services CORP. now owns 221 shares of the company’s stock worth $155,000 after buying an additional 5 shares during the last quarter. Cacti Asset Management LLC purchased a new stake in Alphabet during the second quarter worth approximately $162,000. Oakworth Capital Inc. raised its stake in Alphabet by 4.9% in the second quarter. Oakworth Capital Inc. now owns 277 shares of the company’s stock worth $207,000 after buying an additional 13 shares in the last quarter. Founders Capital Management LLC purchased a new stake in Alphabet during the second quarter worth approximately $196,000. Finally, Wrapmanager Inc. purchased a new stake in Alphabet during the first quarter worth approximately $220,000. 34.12% of the stock is currently owned by institutional investors.

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded down 0.95% during trading on Thursday, reaching $804.08. The company’s stock had a trading volume of 1,368,978 shares. The company has a 50-day moving average price of $800.96 and a 200-day moving average price of $760.94. Alphabet Inc. has a one year low of $670.70 and a one year high of $819.86. The stock has a market cap of $552.62 billion, a price-to-earnings ratio of 31.16 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, July 28th. The company reported $8.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. On average, equities research analysts forecast that Alphabet Inc. will post $34.11 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Robert W. Baird reaffirmed a “buy” rating on shares of Alphabet in a research note on Sunday, July 17th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $920.00 price objective on shares of Alphabet in a research note on Sunday, July 17th. Bank of America Corp. reaffirmed a “buy” rating and issued a $925.00 price objective on shares of Alphabet in a research note on Sunday, July 17th. Deutsche Bank AG reiterated a “buy” rating on shares of Alphabet in a research report on Sunday, July 10th. Finally, B. Riley reiterated a “buy” rating and set a $950.00 target price on shares of Alphabet in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, forty-seven have issued a buy rating and one has issued a strong buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and a consensus target price of $926.50.

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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