Tocqueville Asset Management L.P. Sells 2,164 Shares of Alphabet Inc. (GOOGL)

Tocqueville Asset Management L.P. trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,858 shares of the information services provider’s stock after selling 2,164 shares during the quarter. Alphabet comprises about 1.0% of Tocqueville Asset Management L.P.’s investment portfolio, making the stock its 16th largest holding. Tocqueville Asset Management L.P.’s holdings in Alphabet were worth $84,469,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Harbour Capital Advisors LLC increased its holdings in Alphabet by 65,026.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock valued at $800,000 after buying an additional 742,602 shares during the period. Investec Asset Management LTD increased its holdings in Alphabet by 62.7% in the 1st quarter. Investec Asset Management LTD now owns 621,109 shares of the information services provider’s stock valued at $526,576,000 after buying an additional 239,390 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Alphabet in the 2nd quarter valued at about $222,766,000. Karp Capital Management Corp increased its holdings in Alphabet by 5,218.2% in the 1st quarter. Karp Capital Management Corp now owns 199,752 shares of the information services provider’s stock valued at $169,350,000 after buying an additional 195,996 shares during the period. Finally, State Street Corp increased its holdings in Alphabet by 1.2% in the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after buying an additional 142,214 shares during the period. 33.68% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on GOOGL. B. Riley restated a “buy” rating and issued a $1,050.00 price target on shares of Alphabet in a research note on Sunday, July 30th. Cowen and Company restated an “outperform” rating and issued a $1,075.00 price target on shares of Alphabet in a research note on Thursday, August 10th. Bank of America Corporation restated a “buy” rating and issued a $1,100.00 price target on shares of Alphabet in a research note on Tuesday, September 26th. Wells Fargo & Company reiterated an “outperform” rating and set a $1,250.00 target price on shares of Alphabet in a research report on Wednesday, September 27th. Finally, SunTrust Banks, Inc. began coverage on shares of Alphabet in a research report on Tuesday, August 15th. They set a “buy” rating and a $1,100.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $1,088.53.

Alphabet Inc. (NASDAQ:GOOGL) opened at $1,051.92 on Thursday. Alphabet Inc. has a 52-week low of $753.36 and a 52-week high of $1,063.62. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The company has a market cap of $729,749.56, a P/E ratio of 35.16, a price-to-earnings-growth ratio of 1.76 and a beta of 0.91.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating analysts’ consensus estimates of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. During the same period last year, the business earned $9.06 earnings per share. equities research analysts predict that Alphabet Inc. will post 32.34 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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