Moreover, Anderson Hoagland And has 1.45% invested in Alphabet Inc (NASDAQ:GOOG) for 2,490 shares. The value of the investment in (GOOGL) decreased from $8,308,000 to $5,575,000 a change of $2,733,000 since the last quarter. Institutional investors and hedge funds own 34.53% of the company's stock.
Several analysts have released their opinion on Alphabet Inc. Its stake stood at $91,769,000 an increase of $5,127,000 according to the filing. Inc. grew its stake in shares of Alphabet by 39.6% in the second quarter. The firm acquired 293 shares of the information services provider's stock, valued at approximately $266,000. Grassi Investment Management now owns 803 shares with a value of $782,000. Grassi Investment Management expanded its investment by buying 105 shares an increase of 15.0%. State of Alaska Department of Revenue acquired a new position in shares of Alphabet in the 2nd quarter valued at about $102,000. The third largest holder is Fmr Llc, which now holds $17.54 billion worth of this stock and that ownership represents almost 2.62% of its market capitalization. As of the end of the quarter Lourd Capital, LLC had sold a total of 59 shares trimming its stake by 4.7%. Blue Fin Capital, Inc. now controls 3,802 shares with a value of $3,702,000. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Alphabet by 0.6% in the fourth quarter. Inc. raised its stake in shares of Alphabet by 58.3% during the first quarter.
Institutional investors now hold around $236.6 billion or 81.3% in GOOGL stock.
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There has been some selling insider activity on Alphabet Inc.
Alphabet (NASDAQ:GOOGL) opened at 993.27 on Friday. Cullinan Associates Inc who had been investing in Alphabet Class A for a number of months, seems to be bullish on the $689.16 billion market cap company. The stock has a 50 day moving average of $953.18 and a 200 day moving average of $940.96. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. Jefferies Group also issued estimates for Alphabet's Q3 2017 earnings at $8.40 EPS, Q4 2017 earnings at $9.97 EPS, FY2017 earnings at $31.12 EPS and FY2018 earnings at $42.02 EPS. The company had revenue of $20.12 billion during the quarter, compared to the consensus estimate of $19.65 billion. Return on assets is 11.40% and Return on equity (ROE) is 13.70% while it's Return on Investment (ROI) of 13.30%. They expect $-0.25 EPS, down 19.05% or $0.04 from last year's $-0.21 per share. On average, equities research analysts predict that Alphabet will post $33.95 earnings per share for the current fiscal year. Societe Generale set a $1,210.00 target price on shares of Alphabet and gave the company a "buy" rating in a report on Friday, July 7th. Vetr upgraded Alphabet from a "buy" rating to a "strong-buy" rating and set a $1,069.98 target price on the stock in a research report on Tuesday, June 27th. The company now has a consensus rating of Buy and an average target price of $1,002.75. Wells Fargo & Company reiterated an "outperform" rating and issued a $1,150.00 target price on shares of Alphabet in a research report on Saturday, July 22nd. J P Morgan Chase & Co restated a "buy" rating on shares of Alphabet in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company's stock.