Today, Braver Wealth Management LLC decreases its position in Alphabet Inc. (GOOGL)

Today, Braver Wealth Management LLC decreases its position in Alphabet Inc. (GOOGL)
Braver Wealth Management LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 46.8% during the third quarter, Holdings Channel reports. The firm owned 3,554 shares of the company’s stock after selling 3,128 shares during the period. Braver Wealth Management LLC’s holdings in Alphabet were worth $2,858,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GOOGL. Vanguard Group Inc. boosted its position in shares of Alphabet by 2.1% in the second quarter. Vanguard Group Inc. now owns 18,198,649 shares of the company’s stock valued at $12,803,295,000 after buying an additional 375,941 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Alphabet by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,747,794 shares of the company’s stock valued at $5,450,806,000 after buying an additional 129,555 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Alphabet by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 4,096,211 shares of the company’s stock valued at $2,881,806,000 after buying an additional 14,001 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Alphabet by 2.5% in the second quarter. BlackRock Fund Advisors now owns 3,829,095 shares of the company’s stock valued at $2,693,883,000 after buying an additional 93,453 shares during the period. Finally, Capital World Investors boosted its stake in Alphabet by 1.4% in the second quarter. Capital World Investors now owns 3,159,160 shares of the company’s stock valued at $2,222,564,000 after buying an additional 43,470 shares during the period. Hedge funds and other institutional investors own 34.14% of the company’s stock.

Alphabet Inc. (NASDAQ:GOOGL) traded up 0.16% during midday trading on Friday, reaching $780.23. 613,549 shares of the company were exchanged. The firm has a market cap of $537.76 billion, a P/E ratio of 28.56 and a beta of 0.92. The firm’s 50-day moving average is $800.21 and its 200-day moving average is $771.86. Alphabet Inc. has a one year low of $672.66 and a one year high of $839.00.

A number of brokerages recently weighed in on GOOGL. B. Riley reissued a “buy” rating and issued a $950.00 price target on shares of Alphabet in a research report on Friday, July 29th. Jefferies Group reissued a “buy” rating and issued a $1,000.00 price target (up from $925.00) on shares of Alphabet in a research report on Sunday, July 31st. Mizuho reissued a “buy” rating and issued a $1,020.00 price target (up from $1,010.00) on shares of Alphabet in a research report on Sunday, July 31st. Deutsche Bank AG reduced their price target on shares of Alphabet from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Finally, boosted their price target on shares of Alphabet from $970.00 to $990.00 and gave the company a “buy” rating in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target 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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