The 6,360 Shares of Alphabet Inc. (GOOGL) are sold by Turner Investments L.P.

The 6,360 Shares of Alphabet Inc. (GOOGL) are sold by Turner Investments L.P.

Turner Investments L.P. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 91.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 590 shares of the company’s stock after selling 6,360 shares during the period. Turner Investments L.P.’s holdings in Alphabet were worth $415,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coastline Trust Co raised its stake in Alphabet by 12.3% in the first quarter. Coastline Trust Co now owns 3,805 shares of the company’s stock worth $2,903,000 after buying an additional 418 shares in the last quarter. Nicolet Bankshares Inc. raised its stake in Alphabet by 0.3% in the first quarter. Nicolet Bankshares Inc. now owns 623 shares of the company’s stock worth $475,000 after buying an additional 2 shares in the last quarter. BLB&B Advisors LLC raised its stake in Alphabet by 371.9% in the first quarter. BLB&B Advisors LLC now owns 2,029 shares of the company’s stock worth $1,548,000 after buying an additional 1,599 shares in the last quarter. Fisher Asset Management LLC raised its stake in Alphabet by 2.6% in the first quarter. Fisher Asset Management LLC now owns 973,292 shares of the company’s stock worth $759,168,000 after buying an additional 24,278 shares in the last quarter. Finally, Van Cleef Asset Management Inc raised its stake in Alphabet by 1.5% in the first quarter. Van Cleef Asset Management Inc now owns 7,340 shares of the company’s stock worth $5,600,000 after buying an additional 105 shares in the last quarter. 34.12% of the stock is owned by institutional investors.

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.56% on Wednesday, reaching $807.25. The company’s stock had a trading volume of 479,370 shares. The stock has a market capitalization of $554.80 billion, a P/E ratio of 31.28 and a beta of 1.00. The company has a 50 day moving average of $799.87 and a 200 day moving average of $758.88. Alphabet Inc. has a 1-year low of $654.49 and a 1-year high of $819.06.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. Equities research analysts expect that Alphabet Inc. will post $34.26 earnings per share for the current fiscal year.

A number of brokerages have recently commented on GOOGL. Robert W. Baird reiterated a “buy” rating on shares of Alphabet in a research note on Sunday, July 17th. Credit Suisse Group AG reiterated a “buy” rating and issued a $920.00 price target on shares of Alphabet in a research note on Sunday, July 17th. Bank of America Corp. reiterated a “buy” rating and issued a $925.00 price target 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 note on Sunday, July 10th. Finally, B. Riley reiterated a “buy” rating and issued a $950.00 price target on shares of Alphabet in a research note on Friday, July 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, forty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $926.06.

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.

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