Sarasin & Partners LLP Has $17.34 Million Stake in Alphabet Inc (NASDAQ:GOOGL)

Sarasin & Partners LLP lifted its stake in Alphabet Inc (NASDAQ:GOOGL) by 28.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,018 shares of the information services provider’s stock after acquiring an additional 3,502 shares during the quarter. Sarasin & Partners LLP’s holdings in Alphabet were worth $17,344,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GOOGL. Thoroughbred Financial Services LLC boosted its holdings in shares of Alphabet by 205,910.9% during the second quarter. Thoroughbred Financial Services LLC now owns 3,393,000 shares of the information services provider’s stock worth $339,300,000 after acquiring an additional 3,391,353 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Alphabet by 4.0% during the fourth quarter. Fisher Asset Management LLC now owns 1,322,249 shares of the information services provider’s stock worth $1,381,697,000 after acquiring an additional 51,160 shares during the period. Packer & Co Ltd boosted its stake in shares of Alphabet by 4,018.6% in the second quarter. Packer & Co Ltd now owns 958,600 shares of the information services provider’s stock valued at $25,202,000 after buying an additional 935,325 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Alphabet by 3.3% in the first quarter. Clearbridge Investments LLC now owns 613,338 shares of the information services provider’s stock valued at $721,831,000 after buying an additional 19,842 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Alphabet by 0.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 534,707 shares of the information services provider’s stock valued at $558,747,000 after buying an additional 4,472 shares during the period. 33.93% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on GOOGL shares. Cowen set a $1,500.00 price target on Alphabet and gave the company a “buy” rating in a research note on Friday, July 26th. Susquehanna Bancshares boosted their price target on Alphabet to $1,550.00 in a research note on Friday, July 26th. Jefferies Financial Group boosted their price target on Alphabet from $1,450.00 to $1,500.00 and gave the company a “buy” rating in a research note on Friday, July 26th. They noted that the move was a valuation call. Deutsche Bank boosted their price target on Alphabet from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Finally, Royal Bank of Canada boosted their price target on Alphabet to $1,425.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Eight analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Alphabet currently has an average rating of “Buy” and an average price target of $1,368.76.

NASDAQ GOOGL traded up $4.80 on Thursday, hitting $1,223.00. 62,081 shares of the company’s stock were exchanged, compared to its average volume of 1,543,502. The business has a 50-day moving average price of $1,132.20. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 52 week low of $977.66 and a 52 week high of $1,296.97. The company has a market cap of $862.14 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 1.39 and a beta of 0.96.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.49 by $2.72. The company had revenue of $31.71 billion during the quarter, compared to the consensus estimate of $30.90 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. On average, equities research analysts anticipate that Alphabet Inc will post 51.61 EPS for the current year.

Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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