Alphabet Inc. (GOOGL) Holdings Trimmed by Arizona State Retirement System

Arizona State Retirement System decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,684 shares of the information services provider’s stock after selling 100 shares during the period. Alphabet comprises approximately 1.0% of Arizona State Retirement System’s holdings, making the stock its 12th largest holding. Arizona State Retirement System’s holdings in Alphabet were worth $71,292,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp grew its position in shares of Alphabet by 1.2% during the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock worth $10,128,119,000 after buying an additional 142,214 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Alphabet by 7.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,316,448 shares of the information services provider’s stock worth $1,223,875,000 after buying an additional 85,800 shares in the last quarter. Bank of Montreal Can grew its position in shares of Alphabet by 0.8% during the 2nd quarter. Bank of Montreal Can now owns 1,094,698 shares of the information services provider’s stock worth $1,017,719,000 after buying an additional 8,375 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Alphabet by 4.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,038,084 shares of the information services provider’s stock worth $965,086,000 after buying an additional 43,543 shares in the last quarter. Finally, Boston Partners grew its position in shares of Alphabet by 9.9% during the 1st quarter. Boston Partners now owns 970,802 shares of the information services provider’s stock worth $823,046,000 after buying an additional 87,783 shares in the last quarter. Institutional investors and hedge funds own 33.87% of the company’s stock.

Shares of Alphabet Inc. (GOOGL) opened at $1,049.99 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The stock has a market capitalization of $727,513.94, a P/E ratio of 35.15, a PEG ratio of 1.77 and a beta of 0.91. Alphabet Inc. has a 12 month low of $743.59 and a 12 month high of $1,063.62.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $8.43 by $1.14. The firm had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period in the previous year, the company posted $9.06 earnings per share. research analysts predict that Alphabet Inc. will post 32.17 EPS for the current fiscal year.

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A number of research firms have recently issued reports on GOOGL. Pivotal Research reissued a “hold” rating and set a $990.00 price target on shares of Alphabet in a research report on Sunday, October 29th. Citigroup Inc. reissued a “buy” rating on shares of Alphabet in a research report on Monday, October 30th. Stifel Nicolaus increased their price target on Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Vetr downgraded Alphabet from a “hold” rating to a “sell” rating and set a $988.59 price target on the stock. in a research report on Monday, October 30th. Finally, Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,157.00 price target on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $1,088.02.

Alphabet Profile

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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