Dempze Nancy E raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,744 shares of the company’s stock after buying an additional 122 shares during the period. Alphabet makes up 2.2% of Dempze Nancy E’s holdings, making the stock its 17th largest position. Dempze Nancy E’s holdings in Alphabet were worth $1,228,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in GOOGL. Bank of Montreal Can purchased a new stake in Alphabet during the second quarter valued at $761,801,000. Emerald Acquisition Ltd. purchased a new stake in Alphabet during the second quarter valued at $400,022,000. Boston Partners increased its stake in Alphabet by 150.0% in the second quarter. Boston Partners now owns 810,490 shares of the company’s stock valued at $570,204,000 after buying an additional 486,266 shares during the last quarter. Investec Asset Management LTD increased its stake in Alphabet by 944.0% in the first quarter. Investec Asset Management LTD now owns 326,855 shares of the company’s stock valued at $249,358,000 after buying an additional 295,547 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new stake in Alphabet during the first quarter valued at $218,533,000. 34.12% of the stock is owned by hedge funds and other institutional investors.
Alphabet Inc. (NASDAQ:GOOGL) remained flat at $809.57 during trading on Wednesday. 290,433 shares of the company were exchanged. Alphabet Inc. has a 52-week low of $670.70 and a 52-week high of $819.86. The company has a market cap of $556.40 billion, a PE ratio of 31.37 and a beta of 1.00. The stock’s 50-day moving average is $800.52 and its 200-day moving average is $760.57.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, beating the 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 analysts expect that Alphabet Inc. will post $34.11 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on GOOGL shares. Vetr downgraded Alphabet from a “strong-buy” rating to a “buy” rating and set a $815.96 price objective for the company. in a report on Wednesday, June 15th. Citigroup Inc. reissued a “buy” rating and issued a $900.00 price objective on shares of Alphabet in a report on Friday, June 17th. Evercore ISI reaffirmed a “buy” rating and set a $830.00 price target (down from $950.00) on shares of Alphabet in a report on Thursday, June 23rd. Pacific Crest reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, June 22nd. Finally, Susquehanna reaffirmed a “positive” rating and set a $930.00 price target on shares of Alphabet in a report on Saturday, June 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, forty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $926.50.
Alphabet Company Profile
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.