Handelsbanken Fonder AB Holds Stake in Alphabet Inc. (GOOGL)

Handelsbanken Fonder AB held its position in Alphabet Inc. (NASDAQ:GOOGL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,000 shares of the information services provider’s stock at the close of the 2nd quarter. Handelsbanken Fonder AB’s holdings in Alphabet were worth $38,117,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pioneer Trust Bank N A OR raised its holdings in shares of Alphabet by 1.7% during the second quarter. Pioneer Trust Bank N A OR now owns 2,829 shares of the information services provider’s stock valued at $2,630,000 after buying an additional 46 shares during the last quarter. Stillwater Investment Management LLC raised its holdings in shares of Alphabet by 1.2% during the second quarter. Stillwater Investment Management LLC now owns 2,384 shares of the information services provider’s stock valued at $2,216,000 after buying an additional 28 shares during the last quarter. McQueen Ball & Associates Inc. raised its holdings in shares of Alphabet by 2.0% during the second quarter. McQueen Ball & Associates Inc. now owns 500 shares of the information services provider’s stock valued at $465,000 after buying an additional 10 shares during the last quarter. Toth Financial Advisory Corp raised its holdings in shares of Alphabet by 24.4% during the second quarter. Toth Financial Advisory Corp now owns 505 shares of the information services provider’s stock valued at $469,000 after buying an additional 99 shares during the last quarter. Finally, Bath Savings Trust Co raised its holdings in shares of Alphabet by 29.2% during the second quarter. Bath Savings Trust Co now owns 6,894 shares of the information services provider’s stock valued at $6,409,000 after buying an additional 1,557 shares during the last quarter. 33.88% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Handelsbanken Fonder AB Holds Stake in Alphabet Inc. (GOOGL)” was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.chaffeybreeze.com/2017/09/16/handelsbanken-fonder-ab-holds-stake-in-alphabet-inc-googl.html.

Alphabet Inc. (NASDAQ GOOGL) traded down 0.51% on Friday, reaching $935.29. 1,994,265 shares of the company’s stock were exchanged. The firm has a market cap of $648.04 billion, a PE ratio of 33.90 and a beta of 0.98. Alphabet Inc. has a 12 month low of $743.59 and a 12 month high of $1,008.61. The firm’s 50-day moving average is $940.56 and its 200-day moving average is $926.45.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing analysts’ consensus estimates of $8.25 by ($3.24). The firm had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same quarter in the prior year, the business earned $8.42 EPS. On average, equities analysts forecast that Alphabet Inc. will post $30.59 earnings per share for the current year.

GOOGL has been the topic of a number of recent analyst reports. UBS AG reaffirmed a “buy” rating and set a $1,080.00 price target on shares of Alphabet in a report on Friday, September 8th. Zacks Investment Research cut Alphabet from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Alphabet in a report on Friday, June 30th. SunTrust Banks, Inc. initiated coverage on Alphabet in a report on Tuesday, August 15th. They set a “buy” rating and a $1,100.00 price target on the stock. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,050.00 price target on shares of Alphabet in a report on Wednesday, August 9th. 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 assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,053.45.

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply