Alphabet Inc. (GOOGL) is Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s 3rd Largest Position

Investmentaktiengesellschaft Fuer Langfristige Investoren TGV continued to hold its stake in Alphabet Inc. (NASDAQ:GOOGL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,645 shares of the information services provider’s stock at the end of the first quarter. Alphabet makes up about 14.2% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s portfolio, making the stock its 3rd largest position. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings in Alphabet were worth $63,285,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL raised its position in Alphabet by 1.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 6,243 shares of the information services provider’s stock worth $4,947,000 after buying an additional 85 shares during the period. Marshall Wace LLP raised its position in Alphabet by 15.9% in the fourth quarter. Marshall Wace LLP now owns 402,169 shares of the information services provider’s stock worth $318,699,000 after buying an additional 55,115 shares during the period. Redmond Asset Management LLC raised its position in Alphabet by 0.4% in the fourth quarter. Redmond Asset Management LLC now owns 2,359 shares of the information services provider’s stock worth $1,869,000 after buying an additional 10 shares during the period. First Capital Advisors Group LLC. acquired a new position in Alphabet during the fourth quarter worth $324,000. Finally, Pinnacle Associates Ltd. raised its position in Alphabet by 68.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 5,129 shares of the information services provider’s stock worth $4,064,000 after buying an additional 2,091 shares during the period. Hedge funds and other institutional investors own 34.31% of the company’s stock.

Alphabet Inc. (NASDAQ GOOGL) traded down 0.16% during midday trading on Tuesday, reaching $944.19. The company’s stock had a trading volume of 1,496,765 shares. The stock has a market cap of $654.21 billion, a P/E ratio of 34.22 and a beta of 0.99. Alphabet Inc. has a 12-month low of $743.59 and a 12-month high of $1,008.61. The stock’s 50 day moving average is $963.05 and its 200 day moving average is $904.34.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the consensus estimate of $8.25 by $3.24. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company had revenue of $20.92 billion during the quarter, compared to analysts’ expectations of $20.83 billion. During the same quarter last year, the business posted $8.42 earnings per share. Analysts anticipate that Alphabet Inc. will post $30.60 earnings per share for the current year.

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A number of research analysts recently weighed in on the stock. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,052.36 target price for the company in a report on Monday, June 5th. Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Citigroup Inc. lifted their price objective on shares of Alphabet from $1,135.00 to $1,180.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. UBS AG reaffirmed a “buy” rating and set a $1,080.00 price objective (up from $1,050.00) on shares of Alphabet in a research note on Tuesday, July 25th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $1,060.00 price objective (down from $1,065.00) on shares of Alphabet in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $1,047.77.

About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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